Professional Documents
Culture Documents
ECONOMICS
SUPPLY CHAIN
MANAGEMENT
ASSIGNMENT NO 1
Contents
Supply Chain & Its Importance................................................................................... 1
Supply Chain........................................................................................................... 1
Why SCM methodology is vital for an Organization.................................................1
Example.................................................................................................................. 1
Characteristics of supply chain...................................................................................2
Supply Chain........................................................................................................... 2
Characteristics:....................................................................................................... 2
Explain Supply Chain w.r.t.......................................................................................... 3
1) Operations.............................................................................................................. 3
2) Marketing............................................................................................................... 3
Supply chain (Operations):...................................................................................... 3
Marketing and SCM................................................................................................. 4
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Example
On the off chance that you go to a Supermarket and get a couple of things of the
rack from gadgets and white merchandise or even garments and take a gander at
the names, odds are that you will discover them having been fabricated in China or
Mexico. The espresso units you purchase to use for your consistently utilize
originates from Africa. PCs have been delivered out of South American Factories and
Soft decorations on the racks are from India and Hong Kong.
Worldwide markets are extending past outskirts and re-characterizing the way
request and supplies are overseen. Worldwide organizations are driven by business
sectors crosswise over mainlands. With a specific end goal to keep the expense of
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Characteristics:
There are seven characteristics of the companies that outperformed their peer
groups:
1. Leadership. Enlightened leadership which focuses on the management of
the supply chain as a complex system.
2. Outside-In Processes. The use of channel data in advanced analytics to
sense and translate demand. Today, with higher demand volatility, the
demand latency of the customer order is not sufficient for most supply
chains.
3. Mature Horizontal Processes. Leaders have focused on building strong
horizontal processes; like revenue management, Sales and Operations
Planning, Supplier Development and Corporate Social Responsibility. For
mature companies, there is balance in S&OP between the s and the op. For
example, when companies are balanced in S&OP processes, they outpace
their peer group with 10X greater performance in inventory turns.
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