Question

The following characteristics enhance SCM's effectiveness to improve information accuracy, shorten lead times, eliminate waste, facilitate better decisions and align supply chain management software with business needs: Top level key processes un-encumbered by department and organizational boundaries Integrated planning, forecasting and scheduling Collaboration across organizations, disciplines and reporting levels System generated transactions Automated data collection devices Better visibility to information Rank these as you find them most important and discuss why you did so. which of these factors are present in your current work, or school, environment, and which are missing? Can you help develop the missing pieces, and continue growth with those that are there? How?

Answer 1

supply chain management

scm is an compancompanies core standard of performance .Efficiency will be based on the ratio of work performed in a process.scm efficiency will not aalways guarentee effectiveness. It may be effective at tthe lesser cost but if consumer is unhappy with the product it becomes ineffective.Here companies focus on customer satisfaction, reduces cost of the product aand it will handle demand supply sscenario.

Improve product and material flow-the less time company takes for goods to reach the end customer,the more more efficient the product flow.here quality of the product should be considered.

Information flow- it will help customer to evaluate the quality of information sharing.

Financial flow- by optimising product,information and financial flow,companies can proactively create new market opportunities.and their is a chances of get rid of risks which wil negatively impact their entire business.

Accuracy- companies should concentrate on quality of the product.becaiuse if company is providing the product at lesser cost and reaching the customer with poor quality of product, it wil impact on companies growth.

Shorten lead time-customers exect to receive their ordered product within a limited period of time.so companies needs to concentrate on delivering the product to customer in short period of time.

Eliminate waste-scm is one that has been streamlined to reduce and eliminate waste or nin value added activities along the supply chain flow asdociated with the movement of products.waste can be mrasured in time,inventory abd unnecessary costs.

Value added activities- value added activities are those that contribute to effiviently placing the final product atthe customers door.these activitirs will adds value to a budiness product and for ehich customer is willing to pay.

Facility location decision- even though this facility is not available for all the location it wik help the customer to get product easily.

Align supply management-this align supply management strategy helps to tgrow company in higher level. Comapny can interact wotg other organisation and build a good relationshio with them. Company should concentrate on the questions of what business should they invest in,how can they structure aquisition,what distinct market they ahoukd be targeted. How they can become competitor in the growing marjet,how can they perform the same activity which ther competitor performing at a lower cost,.all these wil help company to grow in higher place in the market.

Company can use software which wil help theirr business needs.sometime company should jump to custom software if necessary.key processes-

A)planning- it wil help to blueprint the end requirement.scm wil be incomplete if planning of transaction cost modeling warehouse efficiency are not developed.

B)source- company should concentrate on continuius devolopment of supplies which would boost their efficiency.

C) executr- in this stage perceivable shape will be given to existing plans in the form of manufactuted product.testing, packaging,and delivery of product.this is the stage where company can achieve maximum efficiency.

D)deliver- supply chain managers sholud deploy their resources supporting them with technology for faster pickups quicker replacent.

Integrated planning- it includes it should allow the companies to compete with better on cost by eluminating wasted materials.

Have to enable organisations to shorten their product life cycle by having coordination between delivery warehousing and transportatiin

Have to allow companies to respond fasyer to change in the market.

This scm integrated activity is a large scale business strategy which brings closer working relationship with each other.it helps to improve response time,production time,reduce costs and reduce waste.

Better visibility if information-information within the suppply chain is the process of sharing critical data which is required to manage the flow of products,services and also to share the information in real time between suppliers and customers.increasing the information visibility between supply chain participants can help all parties to reach their overall goal of increased stockholder value throgh revenue growth asset utilisation and cost reduction.

Collaboration accoross the organisation- here company and partner company will be collaborating on planning and redesign processes.collaboration helps to increase sales volume from downstream buyers,lowering operational cost,word of mouth refferals.it hekps to increasr the share wallet.it is good to maintain longer colaboration because the longer collaboration the lower the costs.it helps to improve forecast accuracy,improves supply chain relationships,increase profit of company,helps to resolve critical supply chain events,helps to improve sales,helps to discuss and fix the product price.

Forecasting-proper forecasting helps to have enough supply on hand to satisfy customers.companies can use different kind of methods to forecast theu are moving averages. If company cover more than three years of planning it wil be called long trrm forecast.this gorecast helps to increase customer satisfaction,helps to reduce inventory stockouts,helps to schule production more effectively,helps to lower the safety stock requirement,helps to reduce obsolescence costs,helps to manage shipping better,helps to improve pricing and promotion management,helps ti negotiate superior terms with supplers,helps to plan sales sttategy.

Trceability technologies- by using this technology company can track and trace goods through the supply chain is much more accurate and csn provide additional benifits.it can provide an array of valuable data that can be used to improve business and iperational process.

Automated data collection devices- it helps to improve accuracy and hrlps to reduce errors.increases productivity to higher level.it helps to improve customer satisfaction.it helps to reduce labour cost.it helps to reduce inventory and holding costs.it also helps to increase sales, to improve overalk efficiency,compitative advantage.helps in higher organisational value.

Overall supply chain management is an integral part of most businesses and is essential to company success and customer satisfaction.it boosts customer service,reduce operating costs,improve finacial position.