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Supply Chain Management Systems Literature Review

… Supply chain management systems have become a common solution that firms are using to address a host of challenges. In order to determine the impact of different strategies there will be a focus on their long-term effects, potential weaknesses and how they can be addressed. These elements will provide specific insights that will help in analyzing the best approaches firms can use to enhance their procurement and logistics procedures.

Over the last several years, a variety of firms have been focusing on improving supply chain management. This is because these practices are shown to be an effective way for them to increase productivity and reduce costs. According to Singh (2011), this is becoming a vital area that is helping companies to address the needs of…. [read more]


Supply Chain Management in Fmcg Term Paper

… The focus of business in terms of reaching out to new opportunities for growth is also a notable factor in reducing business challenges faced in current environment. Large product volumes and increased customer preferences effects global manufactures and distributors. The internal and external factors influence business performance. The developments in technology have also enabled the manufactures to perform mass customizations and developing environment friendly products and services.

The capabilities of supply chain management have enabled the companies to treat suppliers of raw materials, manufacturers, distributors, and customers as strategic business partners. The concept of one time sales has long been vanished from almost all industries including FMCGs. The strategic partner's status also helps small scale partners to increase their capacity and overcome capacity shortages through…. [read more]


Supply Chain Information Technology Essay

… Sinkula, Baker, & Noordewier (1997) noted that the ability to take actions as well as react to the information that is gathered forms that ultimate degree of learning. Supply chain responsiveness is therefore one of the main elements of an organization's supply chain capabilities. Information technology can therefore effectively leverage this element in order to create a competitive advantage.

Conclusion

All organizations must therefore make efforts to effectively improve their competitiveness by the adoption of the latest information technology inventions in their supply chain management systems. IT therefore form a crucial element of each and every organization that is involved with internal or external logistics

References

Akkermans, HA, Bogerd, P., Yucesan, E., and Wassenhove, LNV (1999). The impact of ERP on supply chain management: Exploratory…. [read more]


Supply Chain Management Related Case Study

… "The process of dialogue allows any side to express their opinion regarding the business activities and how they feel about anything, this greatly helps in creating more understanding" (Chong, 2002).

4. Eliminating waste in supply chain

The steps taken in order to eliminate waste in supply chain are as follows, firstly it should be decided what to analyze i.e. products, processes and so on. A thorough and detailed analysis now is the key towards future successes since it allows the assessment of all the things with detailed description. Secondly, a value stream map should be drawn for the subject that has been chosen. Third, analyze all the information flow as well as the material flow. Fourthly, a drawing of the ideal flow should be created.…. [read more]


How Can We Improve Supply Chain Relationships? Research Paper

… Supply Chain Management

Supply Chain Relationships

There has been a huge paradigm shift in the way that modern companies compete, and that is that they no longer just compete as autonomous entities, but rather as supply chains

This means that businesses are a part of an extremely competitive market and the success of any given company is dependent upon management's capability when it comes to integrating the businesses' intricate network of business relationships. Because there is major competition for customers, companies may need to change the way that their supply chain is operating and thus a change needs to come in the way that it is managed. For change to occur, communication is vital, and for communication to occur, people must be willing to work…. [read more]


Supply Chain Management Founded Term Paper

… Ford made a strategic decision to take back control of their aggregate metals spending on behalf of their value chain. They introduced a multi-tier procurement process to their North American parts-component supply network. The "buy-sell" process allowed Ford to control cost and supply by purchasing production volume directly from the source and reselling in volume to their external parts suppliers. This strategy in effect allowed Ford to become the single supply source to their sub-tier community and was achieved without Ford's taking ownership of the manufacturing asset or assuming physical or financial inventory exposure.

As is typical of most supply chains, there is a mixture of push and pull. As long as consumers, that is the car-buying public, have a choice about what cars they…. [read more]


Supply Chain Annotated Bibliography

… " (p. 30) This is an idea which may figure prominently into further research.

Duke, M. (2010). "Next generation Wal-Mart." Vital Speeches of the Day, 76(9), 425.

The article by Duke (2010) indicates that by pushing toward improved logistical management of the supply chain, Walmart feels it can continue to serve the evolving needs of its target consumers. According to Duke, "we can combine our stores, our systems, and our logistics expertise into one continuous channel to drive growth and serve the Next Generation Customer around the world. In global e-commerce, we will not just be competing. We will play to win." (Duke, p. 1)

Hugos, M. (2003). Essentials of supply chain management. Hoboken, NJ: John Wiley & Sons.

The above source denotes a shift…. [read more]


Supply Chain Planning Under Uncertainty a Real Options Approach Research Proposal

… Supply Chain Planning Under Uncertainty: a Real Options Approach

In a manufacturer's quest to manage its supply and demand chains, one simple word aptly portrays a certain, common, contemporary concern that a company can count on having to cope with - uncertainty.

In light of uncertainty and operational needs in the supply chain realm, this qualitative case study presents a survey of the supply chain planning, and real options literatures, while it also explores the intellectual developments in these areas as they relate to supply chain management. The initial segment of this study reviews supply chain planning and uncertainty, along with the challenges these components pose for the supply chain planner, and the planning process. The researcher also reviews a number of the most popular…. [read more]


Purchasing and Supply Management Issue Essay

… As see above, this is in no small part due to the efficiency of their supply chain management system. In fact, despite Woolworth's distribution team holding a 55 day strike in 2006, service levels were maintained regularly throughout and customers received normal service.

Woolworth, as noted, consistently surveys and attempts to improve their supply system. Their most recent attempt was a few months ago, and their outcome was the following: "Woolworths has reported good progress against its strategic objectives, with continuing operations delivering net profits after tax up 3.2%, to AUS $1,184.3m, for the first half of 2012" (Supply chain analysis)

Woolworth invests a lot in its Project Refresh and in turn it sees clear profit. Under former CEO Roger Corbett, for instance, Woolworths invested…. [read more]


Supply Chain Management Hypothesis Thesis

… It requires the total dedication from organization within which it SCM implementation is being planned. SCM "expands the scope of the organization being managed beyond the enterprise level to include interorganizational relationships." (Strader et al., 1999)

Supply chain depends heavily on the relationships that organizations can develop and sustain through personal interactions and using the latest technology. Earlier studies in SCM focused on identifying the supply chain network (SCN) developed by organizations. Later, studies focused on supply chain demands, supply chain operation and information sharing. In the present organizational environment, competitive advantages are not just single company or organization-based. Rather, they are supply chain based. (Muralidharan et al., 2002)

There are many independent models within the SCM methodology. Each of these deserve discussion. Some of…. [read more]


SCM Supply Chain Management Essay

… SCM

Supply chain management is an extremely important aspect of business management. The implementation of the proper supply chain can spell the success or failure of a business. The purpose of this discussion is to describe and evaluate the current system for supplier assessment, selection and evaluation. Discuss how the system could be improved. Particular attention should be given to the role of supplier certification in the system. The actual and potential use and benefits of the ISO 9000 family of standards in the supplier certification will also be discussed.

Quality Management

According to Powell (1995) Total Quality Management is defined as "an integrated management philosophy and set of practices that emphasizes, among other things, continuous improvement, meeting customers' requirements, reducing rework, long- range thinking,…. [read more]


Supply Chain at Ford Term Paper

… This makeover requires a remarkable modification for a lot of different functions inside Ford, and as the company progresses to realign its order fulfillment and development of new product processes, Ford hopes the logistics group to supply -- right, timely, precise and repeatable logistics cost estimates based on potential sourcing situations. An additional major expectation revolves around synchronizing inbound logistics with asynchronous material flow objectives and strategies within the manufacturing facilities which is a challenge that has deepened with the increased volumes of rail traffic which have been diverted to truck because of repeated deficiencies in service in the rail system of the country. Overcrowding at the manufacturing facility frequently destabilize the motive of the planner to have inbound trucks dump their materials at specific…. [read more]


Supply Chain Management Logistics China Has Transformed Term Paper

… Supply Chain Management Logistics

China has transformed itself in recent years from a dormant, introspective giant into a dynamic juggernaut that has major potential significance to the global economy. Indeed, China's economic performance and exports have increased dramatically during the past decade, and experts predict that these trends will continue well into the future. With an estimated 20% of the world's population, China now represents almost 4% of world merchandise trade and a substantial percentage of global production as well. A concomitant of these trends has been an increasing reliance on outsourcing as a strategic business structure in many Chinese companies today, but there are some distinct constraints to the process that have been identified in the scholarly literature in recent years. Therefore, in order…. [read more]


Duration Supply Chain Audit Methodology Essay

… ¶ … Duration Supply Chain Audit Methodology

Even though every supply chain is unique, it is also relatively straightforward in concept; however, in most cases, supply chains are complex in their real-world settings and such complexity can easily result in inefficiencies and duplicative practices that represent diminished profitability for the organizations involved. Therefore, auditing the supply chain from time to time represents a potentially valuable enterprise because substantive improvements in supply chain management can provide substantial reductions in total supply chain costs as well as inventory levels and resulting warehousing costs. In addition, auditing the supply chain can identify opportunities to improve the accuracy of forecasts and the organization's order fulfillment cycle time can be significantly improved (Auditing the supply chain, 2009). To this end,…. [read more]


Improving Carbon Management to Mitigate Climate Change Research Proposal

… Improving Carbon Management to Mitigate Climate Change

Introduction of global climate change situation

The aim of this green paper is to improve carbon management, helping the transition towards a low- carbon economy in the UK. Although this green paper represents a tentative government report of a proposal without any commitment to action, it is the first step in changing the law to improve carbon management to mitigate climate change. The growing body of evidence concerning the reality of global climate change demands action today (Lindsay 2005; Lynas 2004). The implications of global climate change, even in the relative near-term, are profound. In this regard, Jenkins emphasizes that, "Many people are intensely interested in predicting the likely consequences of global climate change during the next 50…. [read more]


Business Logistics and the Supply Chain Term Paper

… Business Logistics and the Supply Chain

In order for manufacturing companies to be successful in the emerging e-business environment, it is necessary for companies to establish strong relationships within their supply chain. A significant part of this process is improved information sharing on all levels of the chain, and the Internet allows for this integration of communication and information technologies, from the factory floor to the top office, and including the company's vendors and suppliers.

Online purchasing has provided the impetus for many manufacturing firms to move from a build-to-stock to build-to-order business model. In addition to upgrading technology, companies must work with their vendors to create win-win relationships with a special emphasis on information sharing. This requires a drastic change in manufacturer/vendor relations, which…. [read more]


Leagility Supply Chain Design Term Paper

… Leagility

Supply Chain Design and Leagility

Leagility with regard to the supply chain may simply be defined as the ability of a supply chain design to maintain a balance of lean and agile supply chain practices during the course of productivity. Critical to this concept is the notion that a supplier must maintain a lean production schedule up to the decoupling point, followed by an agile one that responds and takes advantage of volatile market conditions thereafter.

A supply chain would have to take advantage of volatile markets with high demand for products that may or may not be stable in the long-term, after the decoupling point in production. Up until this point in time organizations would focus more on lean supply chain practices, which…. [read more]


Whirlpool Whirl Pool Supply Chain Case Study

… The requirements of the new system were identified in collaboration with IT depart of the organizations. The system requirements and desired results were clearly communicated by the business management. These efforts revealed quantifiable results and improvements in business performance. The business performance results can be stated as following.

Business Performance Results:

The availability of products was increased from 83% to 93% which has gradually improved over the years to currently 97% as of today. The finished goods inventory was reduced yup to 20% as a result the cost associated with maintenance of finished inventory is also reduced. The cost of freight and warehouse is also minimized up to 5%. The cost of the project implementation however remains a secret. The implementation of i2 APS has…. [read more]


Coca-Cola Supply Chain Management Essay

… This was supposed to integrate mobile solutions that were meant to enhance and support these lines of businesses. The software was to leverage the integrated solutions of mySAPTM business suite. With this software, there was to be some sort of interaction between field sales and inside sales and logistics functions. The software was also to reduce associated costs and enhance customer service.

Coca-Cola decided to implement SAP to get more information at the store and account level to help it improve its retail customer relationships. With the software, cash settlements were to be made promptly and properly. Implementation of the System Application Process was also intended to reduce the potential for unwanted deliveries and initiate time and cost savings to drive up revenues by replacing…. [read more]


Internal Supply Chain Essay

… 2). These longstanding relationships have provided the framework in which products can move along the supply chain in a seamless fashion, or at least as seamlessly as can be expected in a horizontally organized enterprise.

Detailed reasons why supply chain management is important to the company

A supply chain is important to any company because it represents the fundamental process by which goods are transferred from origin points to end consumers (Holmstrom, Hoover, Louhiluoto & Vasara 2000). In this regard, Holmstrom et al. report that, "By tweaking the supply chain, suppliers can offer their customers completely new value propositions and improve their own operations -- without having to weigh the benefits of customer service against its cost" (p. 63). An efficient supply chain is also…. [read more]


Walmart and Global Supply Chain Case Study

… Wal-Mart and Its Global Supply Chain

Over the last several years Wal-Mart has had a major effect on what is happening around the globe. This is because the company is the largest purchaser and retailer of a variety of products ranging from: toys to consumer goods. Where, their key to success is to be able to offer the lowest prices around. This formula has proven to be so successful that the company has rapidly expanded opening a number of Supercenters around the globe. These are stores that contain a variety of products to include: groceries and prescription drugs. (Goldman, 2003) Then, the company also has the Sam's Club Supercenters. These are large discount volume stores that sell the same items as the Wal-Mart Supercenters, the…. [read more]


Opportunities to Improve the Cross-Cultural SWOT

… 3. There is a lack of coordination and alignment of efforts between Hilton's IT support services and end-users.

Opportunities

1. Growing middle class and upper-middle class consumers in emerging nations, especially China, Vietnam, Thailand, Malaysia, Indonesia and Australia and others all represent potential new customer bases.

2. Innovations in human resource training approaches have created an opportunity to apply these to the company's cultural-awareness and cross-cultural training requirements (Hampel & Hauck, 2004) as well as which languages should receive special focus.

Threats

1. Skyrocketing fuel prices are driving airlines ticket prices up, causing many consumers to postpone or cancel international travel plans (Seymour, 2010).

2. Ongoing threats of international terrorism continue to plague the aviation as well as the travel and tourism industries (Moss, Ryan…. [read more]


Managerial Benefits of CSR Improves Essay

… CSR affects employees, investors, and customers positively

A lot of research has been conducted in so as to look at the effect of CSR activities on a corporation's relationship with the stakeholders as well as investors management. Sturdivant & Ginter (1977) pointed out that, the corporation having good CSR activities have a higher chance of posting better financial performances when it comes to their EPS, ROE, net margin, profit margin among the rest of the equally important financial indicators. The positive relationship that exists between CSR and the overall financial performance then transforms to improved relationships between the firm and its investors. This therefore means that it can have a direct impact on the investment decisions of the investors.

On the effect of CSR on…. [read more]


Toyota Supply Chain and Logistics Term Paper

… Many companies utilize postponement, or building of the product to the demand of the customer. In other words the order will be completed only after having received the order from the customer and then building the product and shipping to the customer in a minimal time allocation. The use of postponement is sated by Stahl & Wallace (2004) to "enable a company to ship a wide variety of products": (1) Quickly; (2) Completely (3) Cost-effectively; and (4) With sharply lower inventories. (Stahl & Wallace, 2004) Postponement is noted to be successful when the following practices are following:(1) Product completion quickly after the customer sends the order; (2) For the purpose of forecasting and planning volume an effective sales and operations planning process for forecasting and…. [read more]


Starwood Hotel Chain Expand Their Research Paper

… Kaye and Taylor (1997) studied the expatriates have been used in Beijing's partnership hotels and found evidences of culture shock included in this, followed with a powerful inverse relationship between adjustment issues and inter-cultural sensitivity. Intercultural conflicts which are present in the bicultural teams in Russia-U.S. joint ventures were studied by Weldon and Jehn (1996), whereas, the management process for the development of British-Sino partnership was also evaluated by Rimington (1996). All the previously discussed findings were verified by Selmer (1998) (Selmer, 2004). Similar conditions should be expected to surface for western expatriate for Starwood when expanding to the Kazan region.

Other 2 dimensions of socio-cultural adjustment would be the general adjustment and interaction adjustment. With the duration of time, considerable research has been conducted…. [read more]


Relationship of Employee Theft Term Paper

… In a diverse working group, problems such as racism can become a problem for the management and the rest of the staff, making the working atmosphere uncomfortable. This kind of problem can also result in lower output of the organization, which means that it is the job of the management to solve the problem quickly. In order to do this, the management at Capstone implements frameworks that could resolve such problems. But what is better than solving the problem after it arises is to already have these frames setup so that the employees knows what is expected of them before they joint the organization. An example of this is the structural framework [Capstone Introduces Mutual Fund, 2002].

The structural frame exists in order to achieve…. [read more]


Dresser-Rand Has an Established Reputation Term Paper

… The relationship between customer and supplier is essential because it creates and establishes loyalty in the mind of the customer. Customer loyalty is essential to ensuring that the company can sustain and create a profit which is the purpose of a business model.

The advent of the Internet has created an environment whereby the customer/supplier relationship is handled through the use of technology. Dresser-Rand must invent ways to combat this phenomenon with strategies that make the relationship more personalized. Dresser-Rand can realize this personalization through the use of e-mail organizers, Web development applications and help-desk software. ("CRM") Each of these strategies provides consumers with the ability to effectively communicate with Dresser-Rand and vice versa.

Supply chain management for Dresser-Rand will also involve the use of…. [read more]


Retail Supply Chain Analysis Company Essay

… This builds a £15-20% technology integration package (networking, etc.) into each location, so that not only will Company X have real time data, but also the ability to manage inventory on a real-time basis. Of course, this is not a cash-outlay price, but within the first 24-36 months, we can expect debt ratio to increase by £40-50 million (Investopdia 2011).

Brick and Mortar Outlook -- Most industry trends indicate that the success or failure of a brick and mortar operation revolves around the proximity and ability to service a needed market niche. The strength for Company X is already a brand name and market share presence; instead of being a new retailer, this would simply be positioned as a market expansion tool designed to service…. [read more]


Applied Logistics and Supply Chain Management Dissertation

… ¶ … oil and gas industry in Libya is also directly reliant on global prices that are based on supply and demand; and any revenues generated at a given point in time depend in large part on how effective the supply chain is in mitigating the high costs of production and transporting the final product to customers. The purpose of this study was to provide a comparison between an American oil industry firm, Mobil, the world's largest publicly traded international oil and gas company in the field of supply chain management in the United States from the perspective of the Toyota supply chain approach. This analysis will then be applied to a Libyan oil industry firm, Alwaha, to identify best practices for Alwaha in developing…. [read more]


Outperform the Competitor When Sharing the Same Supplier Coordination and Competition in Supply Chain Management Term Paper

… coordination of the relationship between suppliers and buyers and how to outperform the competitor when sharing the same supplier: coordination and competition in supply chain management

The purpose of the study proposed herein is to determine how to coordinate the relationship between suppliers and buyers in the specific supply chain situation of one manufacturer and duopoly common retailers in order to gain managerial implications that could be useful to build the competition strategy for the manufacturers.

Collaboration and coordination within the supply chain in the process of 'supply chain management' (SCM) has recently become to be understood as involving all players both internal and external to the company-specific supply chain. Reductions in costs are clearly associated with this type of coordination of the relationship between…. [read more]

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