Essays on Supply Chain Management

An entire supply chain is like a story and person managing it is the story teller. This story consists of characters such as the ones purchasing the raw materials, items and equipment used in creating the product and means of getting the item to the end consumer. As with any other story, a consumer expects this story to have a happy ending. It requires a high degree of skill, dedication and collaboration to make possible this happy ending for the consumer. The first step in any supply chain ...

Ford, an automobile Multinational Company, plans to depend on an adaptable supply chain and manufacturing strategy to remain sound. Ford Motor Company's supply chain is revealing an opened up Partnership for a Cleaner Environment (PACE) program, an ongoing organization official statement announced. Ford picks its providers given their “Carbon Disclosure Project” (CDP) results; specifically, the measure of greenhouse gas emissions and water utilized as a part of a generation. Production ...

Fresh out of school, I started a career in Sales. Initially, I sold office and home furniture. I always pride myself on my ability to strike a good bargain and close any deal. This can be attributed to my basic knowledge of supply chain management. At a young age, I helped my mother with her business of supplying pastries to local stores in my community. The first thing I learned was that profitability is the primary goal of all business ventures. We understood the need for strategic sourcing ...

The phrase Internet of Things (IoT) is a buzzing word in today's business world as it becomes the mandate for every industry to adopt it. IOT is defined as the system of interconnected physical objects like sensors, RFID and other electronic devices and devices that use wireless and wired networks to transfer data and perform operations. Most of the modern industries have developed an interest in the IOT since it has the potential to reduce costs and help to increase the efficiency to provide ...

Humanitarian supply chains are set in place to meet the demands of at risk people in the aftermath of disasters. In order to be successful, they must find the most cost and time effective way to get these vulnerable citizens the supplies and goods they need that can save their lives. These humanitarian aid (HA) organizations have to be prepared for the unknown and are expected to work rapidly and accurately. The case study “Humanitarian Aid Supply Chains” describes humanitarian logistics with ...

To define supply chain management, one must break down the words and ultimately combine the concepts of each. Supply chains are “essentially organizational frameworks based on exchange and dependence between firms, each with its own objectives and motivations and drawing a payoff, whose risks it must also sustain and manage, in as many ways as it may be able to measure and conjure” (Felea & Albastroiu, 2013). Management is basically the system or action of dealing with someone or something or ...

The supply chain is a network of retailers, distributers, transporters, storage facilities and suppliers who take part in the production, delivery and sales of a product. From the above statement it may also be true to say that the supply chain involves connecting the suppliers to the consumer, in which a supplier is a party that delivers goods and services while a consumer is a person or organization who purchases goods and services for personal use, so in order to complete the supply chain, ...

Supply chain management (SCM) is a process of integrating/utilizing and co-ordinating products and information flows among suppliers, manufactures, distributor, retailers and customers, so goods should be produced and delivered at the right quantities, at the right time and at the lower cost, whilst satisfying customer requirements. (Zhao et al., 2002 and Lee et al., 2007). It also emphasizing the interdependence of buyer and supplier firms working collaboratively to improve the performance of ...

Problem Statement Analysis of the Situation Global Sourcing Project One Touch Solution Options Recommendations and Plans of Action This case study aims at studying the supply chain management at Walmart to identify strengths of its supply chain and to identify lost opportunities in the past decade. Although Walmart has the best in class supply chain management for its stores, it has lost its market share to some of the newer retail formats ...

Supply Chain Management is more important than ever before for large foodservice companies. For evidence of this, one need not look further than the news surrounding Chipotle Mexican Grill in the second half of 2015. In this essay, we will examine how the complications surrounding foodborne illnesses are believed to have begun, delving into their business practices, supplier relations, and recovery initiatives. Our main goal will be to show how restaurants, including Chipotle Mexican Grill, ...

Supplier selection is the process in which firms select one or a group of supplier to acquire the necessary raw material to meet the organization’s output. Selecting the best and/or the most suitable suppliers is based on accurately identify, evaluate, and contract with suppliers to assess their capabilities. The supplier selection process contributes a tremendous amount in a firm’s financial resources. In return, they expect considerable benefits from contracting with the selected suppliers ...

Before we talked about Performance metrics we need to understand the difference between measure, metric and an index. Normally, measure was used to denote any quantitative output of an activity or process. Nowadays, the term measure is not use frequently, today, metric is a term more used. A measure is easily defined with no calculations and with simple dimensions. Logistics examples would include units of inventory and backorder dollars. A metric is more complex to define and usually involves ...

Supply chain management is the process of managing how goods and services flow within an organization and the final consumer. It comprises the raw materials’ movement and storage, transformation of these raw materials and components into finished goods then delivering them from the point of origin to point of consumption. With the help of supply chain management in an organization, quite a lot of benefits are accrued from its operation in that it enhances effective supply chain within the ...

SCM is about the process from supplier to manufacturer to wholesaler to retailer and lastly to consumer, it included transfer of materials, information and finances. SCM is about integrating all this among and within the companies. The ultimate goal of any effective SCM system is to decrease inventory and with an assumption that products are produced when needed. The product flow The information flow The finances flow. The product flow comprises the movement of goods from a ...

The dawn of a new era in retail, the much awaited breakthrough is here. The biggest e-commerce deal executed in India. The world is moving towards building new ecosystems-commerce, logistics, financial services, payments, entertainment and many more. Flipkart was founded by the IIT D alumnus, Sachin Bansal and Binny Bansal in the year 2007. The irony is that the duo actually used to work for Amazon, but their dream to launch a startup brought Flipkart to the forefront. As of 2017, Flipkart ...