Question

Select a multinational Natural Resources/Mining company and evaluate it on the following Supply Chain Management criteria’s: Demand Management Application Criteria: 1. Effective Demand Management as part of overall Logistics and Supply Chain expertise 2. Outbound to Customer Logistics Management. 3. Overall Forecasting and Demand Management process 4. Sales and Operation Planning process. 5. Channel Structures in Order Fulfillment Order Management and Customer Service Application Criteria: 1. Relationship Between Order Management and Customer Service. 2. Order Management Phases – Influencing the Order, Order Execution 3. CRM – Customer Relationship Management 4. ABC – Activity Based Costing. 5. Replenishment Cycle Managing Inventory Application Criteria: 1. Effective Management of inventories and Return on Investment (ROI) 2. Uncertainty and Safety Stocks 3. Inventory Carrying Cost. 4. Push versus Pull approach.

Answer 1

I select Hindustan Unilever Limited FMCG company for the following evaluation of supply chain management criteria.

Inventory Replenishment System application criteria:

1) Inventory and purpose of inventory management.

For this business , the management of the warehouse determines the percentage of products produced. The company uses inventory management to supply network within a facility for the further process which is the manufacturing course and stored materials.
The aim is to accomplish the demand-driven inventory management proportionality.

2) Integration of inventory and supply chain management.

This also assists in reducing inventories. By which the inventory management integrates the demand and forecasts the demand.
The integration of the forecasted demand into the managed inventory is the only way to predict correct inventory storage and product-based limitations.

3) Inventory and quality management

Companies are attempting to gain efficiency by advantages of scale by mutually achieving the output of two or more goods inside the factory.

4) Inventory control systems

Such control systems are the challenges the business encounters that determine how much order is to be met in each moment with the production of the goods. This problem can be handled using strategies that are quantitative for optimal monitoring and optimization of the network.

Application of the manufacturing and service cycles Criteria:

1 ) Technical value of the nature of the goods and services

Interpreting market needs , designing innovative commodities, formulating technologies, defining existing products and developing prototypes for strategic product performance and service design is important for Hindustan Unilever Ltd ..

2) The importance of design strategy

For Hindustan Unilever the design approach is restricted due to social and demographic factors, environment, expense, product availability.

3) Importance of standardization

Standardization is essential in the FMCG sector, such that goods are accessible to consumers quickly, the production costs are smaller, the time to educate staff with costs and interchangeable components.

4) importance of legal, ethical, and environmental issues in product and service design.

It is necessary for the business to assume risk responsibility and to uphold ethical principles for harm to the company's image. In addition these environmental concerns are controlled in the business.

Material management function application criteria

1) The strategic importance of materials management

The company's competitive value to inventory management is that it supports in-store monitoring for certain correct handling, stock inspection, merchandise acquired regulation, reducing obsolescence, and emphasizing surplus product.

2) Activities involved in material management

Hindustan Unilever Ltd. is engaged in material handling operations such as procurement, product preparation, buying, transportation, inventory monitoring, material delivery, and material transport.

3) Intermodal and multimodal transportation

Via such types of transport, the transportation of products in the container that inter-model or utilize two modes of carriers during loading period is used and the form that is technically liable, the carrier or operator or MTO contract is multimodal transport.

4) ERP -- Importance and limitations

Enterprise management planning programs automate business processes, provide reliable and appropriate access to information, exchange knowledge among the company's elements, minimize expenses and legal time, and enhance ERP and save money by growing costs in the company's business operations. Limitations of ERP systems in the business of Hindustan Unilever Ltd. are that such programs are challenging to utilize, implementing ERP systems is costly, the performance relies on the staff expertise and the advantages are not automatically provided with the introduction of the program.

Inventory planning application criteria

1) Inventory planning- Advantages and disadvantages

It is the method that each firm adopts in order to establish the quantity and timing for generating sales with the goal of aligning plans. It helps the organization to better cash flow, helps in higher profits, and prevents theft. The drawbacks include high prices, often low productivity and strategy development time taking. It may also result in product loss or damage, if not properly planned.

2) Inventory control- definitions, objectives, and activities.

It is the device that is concerned within reasonable limits and at a defined level with stock of the element. This is intended to hold spending at a point that is the lowest and incompatible with operating requirements. This is also used for transporting raw material and semi-furnished goods. This also gains from savings on sales in bulk and in full volumes. The operations include legislation development, system management, protection stock assessment and lead time.

3) Dependent and independent demand

Dependent demand in the business applies to subassemblies and component parts such as device microchips, whereas individual demand is for competitive individual goods such as computers or bicycles.

4) Product or service design and manufacturing standardization

The product and service design in Hindustan Unilever Limited refers to the whole cycle of engineering a product or service with its potential future and includes the shape and function of the product. Standardization in manufacturing ensures that standardization is created for material handling at the organization. It involves making a range of items in bulk using a limited number of equipment or methods. Through this, specifications or units are defined which measure and compare quality, meaning, output, and quantity.

PLEASE LIKE THIS ANSWER, IF ITS USEFULTO YOU! THANK YOU!