Supply Chain Managementget help nowSupply chain management is one of the most important parts of product management.
By general/international definition, supply chain management is the process of planning, organizing, and controlling the flow of materials and services from suppliers to the end-user/consumer This provides continuity as regards order assignment on the one hand, whilst also allowing Efficient logistics management through automated ordering..
As a result of the interconnection among organizations and also as a consequence of globalization, the concept of supply chain management appeared in the 1980’s. This enabled the producers to increase their level of customer service, market share and profits. The supply chain consists of a number of companies working together - either directly or indirectly - to meet the demands of consumers.
The supply chain includes not only producer and suppliers, it also includes transport companies, storage companies, retailers, and end- users/consumers. - procurement is carried out at all costsPeriod from 1960 –to 1970.
- procurement is carried out at more favorable pricesPeriod from 1980 to 1990. - focus is on the creation of transient flows of information and materials90’s - complete domination of marketing concepts in procurement The aim of the supply chainThe main purpose of the existence of any supply chain is to satisfy the needs of the consumer and at the same time to create profit for the producer. The process begins when a customer orders goods and ends when the satisfied customer pays for the purchased goods.
The profitability of the supply chain's profits need to be distributed among all involved (directly or indirectly) companies of the supply chain. Cycles of the chain supplyThere are four basic cycles of chain supply.
The first is the cycle of orders, the next is the cycle of inventory replenishment, and the third is the production cycle, and the fourth is acceptance of the product by the consumer. The cycle of orders occurs between the consumer and the retailer:the arrival (in person, online, from a catalog, etc. ) of customersordering by customersacceptance of product by the consumerCycle inventory replenishment occurs between the retailer and distributor of:initiating orders in retailfulfilling orders in retail andreceipt of orders at retailThe production cycle usually occurs between dealers and manufacturers:the arrival of orders from the distributor, retailer or consumerproduction planningacceptance by the distributor, retailer or consumerProcurement or final cycle manufacturing appears between manufacturers and suppliers and includes all processes related to the provision of materials for the realization of the planned production.
There are three main stages to making decisions about the management of the supply chain:1) stage of strategic design stages of the supply chain2) stage of the supply chain planning phase3) stage of the supply chain of operationalizationNowadays, a precondition for business success of any distribution company is a well-developed and modern supply chain, along with logistics solutions tailored to customer requirements. Without good supply chain management there is no possibility for profitable business. To fulfill our tutoring mission of online education, our college homework help and online tutoring centers are standing by 24/7, ready to assist college students who need homework help with all aspects of supply chain management.
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