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Globalization, technology and an increasingly competitive business environment have encouraged huge changes in what is known as supply chain management, the art of sourcing components and delivering finished goods to the customer as cost effectively and efficiently as possible. Dell transformed the way people bought and were able to customize computers. Wal-Mart and Tesco have used their huge buying power and logistical skills to ensure the supply and stock management of their stores is finely honed. Manufacturers now make sure that components are where they are needed on the production line just in time for when they are needed and no longer. Such finessing of the way the supply chain works boosts the corporate bottom line and can make the difference between being a market leader or an also ran. This guide explores all the different aspects of supply chain management and gives hundreds of real life examples of what firms have achieved in the field.
For over a decade, there has been an increasing interest in the use of supply chain methods to improve performance across the entire business enterprise. Numerous industries have recognized the importance of efficient supply chain integration, and, as a result, supply chain management has become a standard part of business practice. The Practice of Supply Chain Management: Where Theory and Application Converge is a must-have volume for users of supply chain management methods, supply chain management researchers, and students in supply chain management. The objective of the book is to provide an overview of this important practice-research cycle, and it is organized into three sections: Core Concepts and Practices; Emerging Supply Chain Practices; and Supply Chain in Action. The focus of the book is on supply chain practice, but supply chain practice that has been heavily influenced by supply chain research. It is this synergy between research and practice that continues to simulate new directions for research.
Most companies are continuously trying to reduce their supply-chain costs, time to market, and inventory. Optimizing Your Supply-Chain Performance: How to Assess and Improve Your Company’s Strategy and Execution Capabilities presents the "how-to's" (and a few "how-NOT-to’s"!) for conducting assessments of companies’ supply chains as well as identifying areas for improvement. It covers techniques, tools, and methodologies for evaluating current working methods (current state) versus industry best practices and operational optimization. It identifies performance gaps and suggests planning and implementing improved ways of working (the future and ideal states). With a collection of approximately 40 case-in-point examples of supply-chain transformation across a wide array of industries including Fortune 1000 companies as well as foreign global leaders, this book provides a detailed guide for assessing and improving organizational strategy and execution-capabilities for: Inventory management Order fulfillment Sourcing and purchasing Manufacturing planning, scheduling, and execution Overall supply-chain effectiveness Business continuity planning Essentially, this book provides basic knowledge for assessing, improving, and optimizing the end-to-end supply chain, and the case-in-point examples assist in breaking down theories into simple, actionable improvement activities. The author stresses the importance of business continuity and provides grassroots approaches to identifying risks. Based on the author's vast experience out in the field, it gives professionals a new perspective and inspires them to seek world-class performance.
Research Paper (undergraduate) from the year 2010 in the subject Business economics - Supply, Production, Logistics, grade: 1,2, European School of Business Reutlingen (Business Adminstration), language: English, abstract: The environmental surroundings of most companies have changed radically in recent years. Especially the competitive pressure has risen substantially over the past decades, fuelled by an increased globalization of markets and supply chains. In order to continuously satisfy consumer needs in a timely manner, organizations have to focus on performance and efficiency improvement measures. In terms of supply chain management, performance includes the three dimensions efficiency, effectiveness and flexibility which have to be dealt with on an equal basis. One mean to improve supply chain performance is the linkage between various IT applications involved in the whole supply chain. These efforts and trends are treated under the term electronic supply chain management (E-SCM). There are three major critical success factors for the successful operation of an electronic supply chain. These can be clustered into decision motivation (e.g. a shared vision and a strong motivation), implementation process (e.g. the tight integration of inter-organizational information systems and the re-engineering of inter-organizational business processes) and infrastructure conditions (e.g. agreement upon a shared industry standard). There are numerous benefits of an E-SCM implementation such as increased communication speed and decreased cost in terms of communication, inventory and customer service. Furthermore, E-SCM allows mitigating the bullwhip effect by improv-ing the availability of information throughout the entire supply chain. In addition E-SCM allows organizations to implement an entirely pull-based approach. One downside of E-SCM is the need to make a company’s entire business processes transparent, also towards supply chain partners who might be engaged with competitors. A further danger of E-SCM is to over-rely on speed rather than on flexibility.
Supply chain management (SCM) is the process of managing the operations of a system of organizations, people, activities, information, and resources involved in efficiently moving products or services from suppliers to customers. SCM can effectively conduct the movements of physical items, knowledge, and information from the original supplier to the final end-user. In this book, we explore the systemic analysis of SCM and its effect on business development performance. We identify the structural problems in the supply chain, clarify how they influence the functioning of business development, and suggest elaboration of strategic approaches to address those problems. The author includes professional perspectives and insights from experts including various SCM sources.
Research Paper (undergraduate) from the year 2010 in the subject Business economics - Supply, Production, Logistics, grade: 1,2, European School of Business Reutlingen (Business Adminstration), language: English, abstract: The environmental surroundings of most companies have changed radically in recent years. Especially the competitive pressure has risen substantially over the past decades, fuelled by an increased globalization of markets and supply chains. In order to continuously satisfy consumer needs in a timely manner, organizations have to focus on performance and efficiency improvement measures. In terms of supply chain management, performance includes the three dimensions efficiency, effectiveness and flexibility which have to be dealt with on an equal basis. One mean to improve supply chain performance is the linkage between various IT applications involved in the whole supply chain. These efforts and trends are treated under the term electronic supply chain management (E-SCM). There are three major critical success factors for the successful operation of an electronic supply chain. These can be clustered into decision motivation (e.g. a shared vision and a strong motivation), implementation process (e.g. the tight integration of inter-organizational information systems and the re-engineering of inter-organizational business processes) and infrastructure conditions (e.g. agreement upon a shared industry standard). There are numerous benefits of an E-SCM implementation such as increased communication speed and decreased cost in terms of communication, inventory and customer service. Furthermore, E-SCM allows mitigating the bullwhip effect by improv-ing the availability of information throughout the entire supply chain. In addition E-SCM allows organizations to implement an entirely pull-based approach. One downside of E-SCM is the need to make a company's entire business processes transparent, also towards supply chain partners who might be engaged with com
This new volume provides detailed insight into supply chain management (SCM) and supply chain performance measurement (SCPM) in the textile industry. The book provides a comprehensive set of performance sub-criteria for the evaluation of SCPM, offering the information needed to understand, implement, and evaluate the supply chain performance of the textile industry and its cyclic processes. Using the Delphi method (a process used to arrive at a group opinion or decision by surveying a panel of experts), the authors studied several companies of diverse sizes and applied an analytical hierarchy process to establish crucial performance measurement criteria and sub-criteria. Around 80 textile industry personnel were contacted, including general managers, factory managers, managers, assistant managers, executives, and supervisors involved in various functions related to textile supply chains to discuss procurement, production, and distribution alternatives. The authors employed the multi-criteria decision-making technique, i.e. analytical hierarchy process, for executing pair-wise comparison and establishing priority weights of criteria, sub-criteria, and for estimating the contribution of supply chain cyclic processes to overall supply chain performance.
The application of sustainability practices at the system level begins with the supply chain. In the business realm, incorporating such practices allows organizations to redesign their operations more effectively. Emerging Applications in Supply Chains for Sustainable Business Development is a pivotal reference source that provides vital research on the models, strategies, and analyses that are essential for developing and managing a sustainable supply chain. While highlighting topics such as agile manufacturing and the world food crisis, this publication is ideally designed for business managers, academicians, business practitioners, researchers, academicians, and students seeking current research on sustainable supply chain management.