Assignment 2: Chain Management at Durham International Manufacturing Company (DIMCO) Case Study Determine whether integration efforts should start with suppliers, distribution, or both. Explain the rationale for your decision. What are the basic components of a supply chain? Most companies are utilizing a five supply chain components, in order to bring products to the marketplace. The five supply chain components are Suppliers, Manufacturers, Distributors, Retailers, and Consumers/Customers. Effective integration and management of supply chain components and processes is helping to cost reduction and improve customer service. Supply Chain integration also gives a new set of capabilities which helps to the company to increase revenue and …show more content…
It may be helpful to think of the participants as the divisions of a large, vertically integrated corporation, while the independent companies in the chain are bound together only by trust, shared objectives, and contracts entered into on a voluntary basis. Unlike captive suppliers, independent suppliers are often faced with the conflicting demands of multiple customers. All supply chains are integrated to some point. One objective of increasing integration is focusing and coordinating the relevant resources of each participant on the needs of the supply chain to optimize the overall performance of the chain. The integration process, requires the disciplined application of management skills, processes, and technologies to couple key functions and capabilities of the chain and take advantage of the available business opportunities. Goals typically include higher profits and reduced risks for all participants, retailers, wholesalers, or manufacturers. http://www.exforsys.com/tutorials/supply-chain/supply-chain-business-integration.html Retrieved July 29, 2012 Recommend ways that DIMCO could benefit from leveraging B2B e-Commerce. B2B E-commerce helps to remove barriers raised by geographic fragmentation of the market. While buyers get to know about new sellers with better products, suppliers discover new buyers. B2B also helps in
Supply chains represent the procurement, production and distribution activities of an organisation. Within a supply chain, these activities are viewed as linked and reliant on one another to produce the final outcome. It is believed that if one component of the chain fails, the whole chain is broken and product/service delivery goals will not be achieved.
Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay
B2B is the commercial transactions between enterprises and enterprises through electronic media such as the Internet Extranet. B2B E-Commerce is the arising from suppliers to customers who want to reduce the cost and length of procurement as well as international organizations to improve the efficiency and security of communication over the network even more.
The rapid growth of e-commerce on the Internet has created a challenge for traditional bricks and mortar businesses. Businesses must now change their focus about their own business models, target market, products, and services, and ultimately their own benefits. This paper will compare and contrast the business models of a business to business (B2B), a business to customer (B2C), and a customer to customer (C2C). The Internet
A B2B e-marketplace is an Internet based platform that enables corporations of any size to exchange goods, services, and information in an efficient way than was previously not possible.
The Supply Chain required the cooperation of all the company 's internal departments with external parties, for example, the supplier to get a product that meets market needs in a timely manner. And that there is integration of all parties in terms of the information involved at the right time to get the right product for the right quantities in the right place at the right time for the client to meet the requirement of the
The B2C sector of e-commerce is then a real evolution and is characterized by several points:
Business to Consumer e-Commerce, also referred to as B2C, is the process of selling goods and services over the Internet rather than having a traditional brick and mortar outlet to sell such products. Businesses establish a website or electronic marketplace with multimedia catalogs, interactive order processing, protected electronic payment systems, while also offering online customer support which allow consumers to shop and purchase items in confidence (Retrieved from http://www.wisegeek.com/what-is-business-to-consumer-e-commerce.htm).
The supply chain is a system/network that includes inventory, distribution and transportation functions and consists of raw material suppliers,
The challenges that organizations face in supply chain integration is the ability to successfully coordinate activities across the supply chain so that they can improve performance in the areas of increase service level, reduce cost, better utilize resources, reduce bullwhip effect, and effectively respond to changes in the marketplace. According to Levi (2008),
The supply chain is all parts of the company that fulfill a customer’s order. This can include direct or indirect contact with the customer. Suppliers, manufacturers, distributors, and retailers make up some of the parts of a supply chain that are needed to fill a customer’s order. One of the major parts of the supply chain is the transportation of the raw material or the finished product. Transportation can be done many ways, which include truck, pipeline, air, water, package carriers, rail, and intermodal. Air transportation can have its advantages and its disadvantages.
Define the situation (case summary) Define the major issues, conflicts, and the network . Describe the options (alternatives) for solving these issues. Several internal and external influences serve as contributing factors in the reconsideration of the company’s current system. Changes in customer demands, domestic and global competition, and a unique decentralized management system is now forcing the Westminster Company to reevaluate their traditional supply chain practices. (Bowersox & M.B., 2014) Westminster’s domestic operations consist of three separate companies that sell and distribute products to several of the same customers. (Bowersox & M.B., 2014) At first glance consolidation of the systems can significantly improve
“The development and integration of people and other resources like technological are crucial to successful supply chain integration.”
Supply chain integration has essential elements which were revealed by literature review. Based on the combination of existing literature, it is concluded that the two most basic and crucial elements of supply chain integration are connectivity and simplification. The importance of these two
E-Commerce is with no trouble the buying and selling of various merchandise and services over the web. Any individual with access to the web can have interaction with e-commerce buying and selling. E-commerce has two varieties of buying and selling and that is trade-to-patron (B2C) and industry-to-industry (B2B).