The paper "Supply Chain Management Process is an outstanding example of a management assignment. A supply chain is a system of autonomous or semi-autonomous trade entities that are collectively responsible for manufacturing, distribution activities and procurement, related with one or more families of products that are related directly or indirectly to each other. In other words, it could be said a supply chain is a system consisting of facilities and supply options that are important for performing various activities such as procurement of materials as well as changing these materials and resources into intermediary and final goods, services and products, and the timely delivery of these finished products to consumers (Teigen, 1997). Typically we denote supply chain in such a way: (Answers Corporation, 2011; Cox, 1999; New, 1997) Supplier to Manufacturer to Wholesaler to Retailer Question # 1 (b). The important features that are useful in the supply chain are planning for business operations, product planning, strategic management and planning and sales forecasting, supplier management, production planning, logistics management and an organized implementation plays a very critical role in the achievement of the smooth workflow.
Following are the main components of Supply Chain Management that include: (Rockford Consulting Group, Ltd. , 1999; Atilgan & McCullen, 2011; Chong, Chan, Ooi, & Sim, 2011) 1. Strategic Planning: first aspect in the elements of a supply chain is strategic planning in which performance planning is completed for the optimization and implementation of the required tools and technologies for measuring the size, spot or location and the variety of facilities that we opt in order to meet up the goals that are set for customer service. 2. Demand Planning: a second key component in the supply chain is demand planning, which is based on the predictions that customer demand.
In addition, this kind of planning is done in such a way that it ensures improved and precise customer demand and needs. 3. Distribution Planning: There are a lot of current changes involved in distribution planning in the business world due to globalization factor. The planning for supply or distribution is done to decide whether demands can be satisfied by the accessible supply elements. 4. Planning for manufacturing: manufacturing planning refers to the fact the manufacturing department.
As we know that manufacturing division in some organization is usually confronted with a lot of problems as when we compared it to other divisions. However, meeting the demands in terms by maximizing the resources that include various aspects like human resource, assets, equipment and finance and planning has to be fulfilled only in terms of planning that is related to engineering, assembling and the developing environment. It would help us a lot in delivering sophisticated capabilities that would help us in the organization to make the better use of the production resources and capital, progress inefficiencies, and also to increase output with lower costs. 5.
Production Planning: production planning has its own importance while drawing the ratio aspects between capacity requirements and production capacity available. With production planning, comprehensive scheduling is prepared with proper planning that is required for procurement. Moreover, there is a need to compare the capacity requirements with the orders received from the customers with the available production capacity is done through detailed scheduling. 6. Logistics and Transportation Planning: Logistics and transportation planning has its own importance for the timely delivery of products.
However, this kind of planning is carried in the form of various routes, whereas management is fulfilled with necessary conditions of planning and the transportation for the payments and timely delivery of the goods are done consequently.
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Chong, A. Y., Chan, F. T., Ooi, K., & Sim, J. (2011). Can Malaysian firms improve organizational/innovation performance via SCM? Industrial Management & Data Systems, Volume 111, Issue 3, pp. 410-431.
Cox, A. (1999). Power, value and supply chain management. Supply Chain Management: An International Journal, Volume 4, Issue 4, pp. 167-175.
Hoole, R. (2005). Five ways to simplify your supply chain. Supply Chain Management: An International Journal, Volume 10, Issue 1, pp. 3-6.
Johnson, M., & Simon Templar. (2011). The relationships between supply chain and firm performance: The development and testing of a unified proxy. International Journal of Physical Distribution & Logistics Management, Volume 41, Issue 2, pp. 88-103.
Kietzman, S. (2011, March 16). What is a Supply Chain? Retrieved March 25, 2011, from WiseGeek.com: http://www.wisegeek.com/what-is-a-supply-chain.htm
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Rockford Consulting Group, Ltd. (1999). Supply Chain Management. Retrieved March 24, 2011, from http://rockfordconsulting.com/supply-chain-management.htm
Teigen, R. (1997, May 17). Supply Chain Management. Retrieved March 24, 2011, from http://www.eil.utoronto.ca/profiles/rune/node5.html