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Supply chain can be considered as a group of components that includes Suppliers, Distribution points, and transportation that are necessary to bring the product from raw material to the end user.

Supply Chain Management Assignment Help

Supply Chain Management Assignment Help

Supply Chain Management was developed in 1980s, to organize and integrate the different process of the organization, from the end user through effective suppliers. Original suppliers in supply chain management are those that provide services, products and information that help to add better value to the customers. The basic idea behind supply chain management is to bring in the involvement of companies and corporations in supply chain by exchanging ideas, thoughts and information regarding the ever changing market conditions and production capabilities.

Supply chain management is the process flow of materials, information and finances as they move from supplier to manufacturer to Distribution centre to the end user. Supply chain management helps to integrate these different levels and process and integrate them for the better functionality of the system.

The main aim of Supply Chain Management process is to reduce the cost of inventory.

As a philosophy supply chain management is considered as a single entity, rather than a set of fragmented and differentiated products in an organization, where each part performs their own operation (Ellram and Cooper, 1990).

Supply Chain Management is a process that works on a belief that each department and organizations involved in the SCM are dependent on each other and their performance and overall goal of the SCM.Supply chain management Works on the different systems that makes it a successful system for the performance and delivery of the products.

The systems are Planning, Source, Make, Deliver and Return.

Planning: Companies need planning to manage all the resources that works towards meeting the customer needs of the products and services provided.

Source: Companies have to choose a source or supplier to distribute the goods and the services they need to create the final product.

Make: This is the production step, SCM manager’s makes way for the activity required to do the necessary production. This is the level where companies can manage the quality level, production output and the productivity of the employees

Delivery: This step involves the logistics part of the SCM, where the companies deliver the finished goods to the customers.

Return: This is the most typical part of the SCM where the planners has to bring back the defective and problematic products back to the company from customers and giving service to the customer having the problematic goods.

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Supply chain management must address the following problems:

  • Distribution Network Configuration: number, location and network missions of suppliers, production facilities, distribution centers, warehouses, cross-docks and customers.
  • Distribution Strategy: questions of operating control (centralized, decentralized or shared); delivery scheme,
  • Information: Integration of processes through the supply chain to share valuable information, including demand signals, forecasts, inventory, transportation, potential collaboration, etc.
  • Inventory Management: Quantity and location of inventory, including raw materials, work-in-process (WIP) and finished goods.
  • Cash-Flow: Arranging the payment terms and methodologies for exchanging funds across entities within the supply chain.

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