Supply Chain Management Essays

In last week’s reading it states, “the primary goals of SCM are (1) to optimize service quality in terms of an organization’s internal information flow processes, while reducing costs and delivery time, and (2) to achieve increased efficiencies with regard to information flows and exchanges between the organization and its external parties, including all its vendors and suppliers” (Tann & Cobb, 2010, p. 72-73). Other elements of SCM is controlling redundancy, managing contracts, obtain products, maintain operational efficiency, order tracking, purchasing and inventory of supplies, and effectively communicating with suppliers and traders (Tann et al., 2010). There are many elements of a supply chain system, and

Mellat-Parast and Spillan (2014) defines supply chain management as the method of handling material and information moves from the beginning, through the organization, and to the end-user. This is a very important factor of organizational strategy.

Supply Chain Management (SCM) has been defined by Supply Chain Management Institute to be “the management of relationships in the network of organizations, from end customers through original suppliers, using key cross-functional business processes to create value for customers and other stakeholders”(SCM-Institute, 2016).

Supply Chain Management (SCM) has been defined by Supply Chain Management Institute to be “the management of relationships in the network of organizations, from end customers through original suppliers, using key cross-functional business processes to create value for customers and other stakeholders”(SCM-Institute, 2016).

The Supply Chain Council (SCC) is a global nonprofit organization whose structures help member organizations make dramatic and rapid improvements in supply chain performance. One of their structures is the Supply Chain Operations Reference (SCOR). According to the supply chain council “The SCOR Framework is the basis for all supply chain management were the metrics in SCOR provide a solid foundation for measuring performance and identifying priorities, the processes are the common language in your supply chain operations”1.

To start, Schroeder, R., Goldstein, S., and Rungtusanatham define supply chain as “the set of entities and relationships that cumulatively define materials and information flows both downstream toward the customer and upstream toward the very first supplier.” Schroeder, R., Goldstein, S., and Rungtusanatham goes on to identify supply chain management as “the design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer.” Organizations have to prepare themselves to the best of their ability in order to provide or their customers. Customers expect to receive the upmost service, regardless of the type of organization they make contact with.

The average company spends nearly half of every dollar it earns on production needs—goods and services it needs from external suppliers to keep producing. A supply chain consists of all parties involved, directly or indirectly, in the procurement of a product or raw material. Supply chain management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.

Supply chain management involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability. The dozens of steps are required to achieve and carry out each of the above components. SCM software can enable an organization to generate efficiencies within these steps by automating and improving the information flows throughout and among the different supply chain components.

Supply Chain Management (SCM) represents the end to end value chain of a business from production to after-sales service. According to Schulz, a well-managed supply chain should be market focused, stating that the supply chain should strongly represent the market needs and “what solutions consumers are looking for, not the product we are trying to sell them”. However is the philosophy of SCM merely just a new supply chain thinking approach to older existing SCM practice? For example, Quality Management which is deeply rooted in the concept of SCM although not in self-new, has evolved over time, and is based upon the concept of having total commitment to everyone is the supply chain to deliver quality service/products to both the internal and

This article tells about the evolution of SCM concept and also considers the present state of supply chain management, whether it is a process, a discipline, a philosophy, a governance structure or a functional area. Here in literature review, supply chain is defined as a set of three or more entities (organizations or individuals) directly involved in the upstream and downstream flows of products, services, finances, or information from a to a customer, which was given by Mentzer et al in 2001 which is still true today. But there always remain a confusion in defining supply chain management. Many researchers and practitioners created their own definitions and names to describe supply chain management. All these concepts were published in many journals in those days like International Journal of Physical

Supply chain management (SCM) is the supervision of materials, information, and finances as they move in a process from supplier to manufacturer to retailer to the cessation consumer. There are three crucial flows of the supply chain: The product flow, the information flow and the finances flow. SCM involves coordinating and integrating these flows both inside and between

’Christopher (2005) defines SCM as the management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole’ (Jaspersen and Larsen, 2005, p. 11).

Developed by the not-for-profit Supply-Chain Council, SCOR (Supply Chain Operations Reference) is a model that links process elements, metrics, best practices and features associated with supply chain execution. It helps to identify and quantify critical opportunities for improvements not only within the supply chains of a single company but also between multiple trading partners. It describes a continuum of processes: Plan, Source, Make, Deliver and Return. SCOR works best with companies that have an enterprise information platform that can carefully track this continuum through KPIs and scorecards or at least provide the data so that a qualified enterprise platform can acquire the data, analyze it and surface it to the people who need to see it.

Raw material is the start of the supply chain (point A). Different materials from different locations come together to manufacture a product (point B). The link in between point A and point B is the mode of transportation (Palmen, 2016). The manufacturer/ distributor will ship through retailers, until it reaches the end-user. The whole process is a chain of events that occur when moving supplies from one end to another (Palmen,

17. The Supply Chain Council had developed a model, the Supply-Chain Operations Reference (SCOR) model, that is an effort to identify the best practices, process, and metrics in the supply chain.