he bevefits of the Council of Supply Chain Management Professionals (CSCMP) and the National Shippers Strategic Transportation Council(NASSTRAC) merging in partnership.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Explain the bevefits of the Council of
The Benefits of the Council of Supply Chain Management Professionals (CSCMP):
1. Collaboration:
Membership in the Supply Chain Management Council provides an opportunity to create new collaborations with other supply chain professionals and educational institutions. Many companies have worked together on everything from coordinated logistics to talent development and training.
2. Best Practice Learning:
As part of a trusted group of supply chain leaders, participating members share best practices and new learning with other members of the council. Plant tours and operational reviews are often part of sharing best practices.
3. Voice of Supply Chain in West Michigan:
Immediate value is provided at each gathering: an annual calendar of events is set at the beginning of the new year, but “hot” topics are generated from and explored by members as they arise. This allows the Council to respond quickly to new developments and provide actionable insight.
4. Networking:
As a member of the Supply Chain Management Council, you have the ability to network with other members of the council and their teams. This private networking opportunity provides a chance to develop new relationships and partnerships in the region.
5. Solving Common Challenges:
Many of the problems facing West Michigan supply chain professionals are not unique to an individual business. The Council provides a platform and time to discuss these common challenges and address them as a team of companies. Discussions have and continue to focus on cost improvement strategies, talent development and retention, innovation, and sustainability.
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