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The role and importance of the supply chain
Importance of effective supply chain management
The role and importance of the supply chain
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“Supply Chain Management is the management of the flow of goods and services. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain.”[1]
“Supply chain management is the streamlining of a business ' supply-side activities to maximize customer value and to gain a competitive advantage in the marketplace.”[1] Some of the main components of Supply Chain Management are:
“Supply chain planning (SCP) is the component of supply chain management (SCM) involved with predicting future requirements to balance
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When the order is sent to the warehouse, the oldest inventory is shipped first. The management of inventory, packaging and shipping is done within the warehouse which is split into those three categories. Flipkart provides tracking of the orders that are shipped through the carriers.
Four Pillars of Analytical Competition
• Support of a Strategic and Distinctive Capability:
Almost every start-up that springs up desires to be a Flipkart one day. The affinity and ambition towards Flipkart has its roots in the rapid growth that the company has seen in recent years. There are several distinctive capabilities of Flipkart that set it apart from its competitors and makes it successful which include quality of products sold and the customer service. Flipkart’s customer service is one of the main reason for the company’s achievement. Delivery timeliness, strong post-sale customer support, one stop destination for all the probable shopping needs, competitive pricing or payment flexibility are some of the attributes that Flipkart is dominant
On the same note, it is well acknowledged that the competitiveness of any organization fundamentally depends on the workforce. Indeed, the workforce is recognized as the heart or living organism of any organization including hotels. It goes without saying that there is minimum likelihood that a restaurant where workers operate in unsafe conditions or are mistreated will offer services and products of the highest quality. Scholars note that employees always desire to work in institutions or restaurants that have high standards of integrity and strive to do the appropriate thing (Fox & Vorley, 2004 pp. 33). This is especially so for the new generation workforce, as well as in attracting the best talent in the industry. A reputation for responsibility and integrity has been recognized as crucial in motivating, as well as recruiting staff especially considering that individuals care about the principles and values that their employers wish to uphold. Scholars note that operating voluntarily to high ethical standards pertaining to environment and social responsibility can result in competitive advantage (Schlegelmilch et al, 2004, pp. pp 254). Customers and civil society groups have been increasingly vigilant in determining whether there is an ethical lapse in the manner in which employees are treated within the supply chain of any organization (Fox & Vorley, 2004 pp. 33). In fact, they have been pressurizing restaurants and other business entities to cut ties with any organization in their supply chain that is not ethical in its treatment of employees. Scholars note that the impression that a restaurant or business entity would create in terms of public relations both on the stakeholders and the customers is highly dependent on the ac...
Now referring to Blue Bell Company, the shift in supply occurs when they decide to recall all their products and re-evaluate it. Blue bell will more than likely increase the price of the remaining items in the market. This is the result of consumers still providing a high amount of demand for ice cream even though there is less to supply. This theory can be accurately applied to this situation because there is no other solution that they can do to combat the consumers’ need of ice cream. For example, if they do continue to sell at the same price, soon they will not be able to produce as much as consumers want thus eliminating the good from the market.
Over the years role of supply chain has been altered. The distribution has switched from shipping from one focal point, now technology has shortened the process that will to ship directly from the manufacture to the customer that will tie in to the distribution channels. Though distribution is costly, a person would think all the risk will be eliminated. Contrarily to what people may think, distribution have many risk it must account. When the product is unloaded onto the truck, it’s the trucker sole responsibility to ensure the customer receive their product. Distribution initially start at beginning when it is
Sustainability and Logistics are the factors that many firms try to achieve these days. With the integration of aforementioned factors, the firms can be able to achieve in cost reduction, environmental preservation, green logistics, and efficient environmental resource usage. Food industry is one of the industries that nowadays need sustainable logistics in order to save costs and preserve the surrounded circumstance.
...rmined to provide great customer service. Flipkart customers are happier than with some of their competitors like Tradus.in, Indiaplaza.com. Therefore the learning experience for other sites could be build amazing experiences for their customers. This will enhance their customer retention rate and create a brand loyalty in the minds of the customers.
A supply chain is a system through which organizations deliver their products and services to their customers. The network begins with the basic ingredients to start the chain of supply, which are the suppliers that supply raw materials, ingredients, and so on. From there, it will transfer the supplies to the manufacturer who builds, assembles, converts, or furnishes a product. The chain now needs to get the product to the consumer by transporting the finished product from the manufacturer through a warehouse or distribution center. An example is that Wal-Mart has a nearby distribution center where products are delivered there and then split up to be delivered to a retail Wal-Mart. “Wal-Mart will take responsibility for breaking down larger loads and delivering the product to other Wal-Mart stores” (Ehring 1).
Based on the international market that Papa john’s has most recently emerged into there are some challenges that have unveiled themselves. The most prevalent of these issues have come from labor forces that want better pay in a market that has traditionally been very lucrative to a corporation where they can benefit from low cost labor. But as countries emerge from third world status, they tend to want higher wages to follow the emergence of a better standard of living. In order to stay abreast of this changing work force labor must be compensated fairly so that they can keep up their international reputation and image. Other issues that need to be looked into is the supply chain that international stores will need, logistic issues are very prevalent in third world markets and can cause production delays in outlying regional locations.
The Home Depot Supply Chain Management model is based on integrated inventory management through a centralized network of 20 distribution centers, called Rapid Deployment Centers (RDCs) and three Direct Fulfillment Centers (DFCs) aimed at the e-commerce market (Bond, 2015). Orders are processed and managed to meet current and forecasted demands, sent to the regional RDCs, which service approximately 100 stores each, and sent to retail outlets to meet stock requirements (Bond, 2015). Direct Fulfillment Centers are e-commerce distribution systems. Home Depot delivers within a two-day timeframe to 90% of US based customers, and the system also leverages in store stock for same day pick-up (Bond,
[Alan - planning] Though just one part of the supply chain process, the sales and operation planning process for any industry is extremely important to its success. Planning for the future helps firms provide better customer service, reduces the costs of holding and transporting inventory, decrease the lead times for customers while maintaining a consistent customer lead time and helps the top management of the company have control over the business (Türkay). Overall, planning helps to provide the best value products for the customers and the best results for the
“Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion and all logistic activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third parties service providers and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies.’
Supply chain management is basically refers to the fundamental supply chain analysis of the organization which predominantly describes functionalities from source to the delivery point. In this process of delivery, supply chain management framework divides in four categories: In Planning the products and suppliers evaluated and selected, Sourcing pull the information process including contracting, ordering and expediting, Moving is a physical process from suppliers to end user and Paying is the financial process including payment and performance measurement.
‘Supply chain management integrates supply and demand management within and across companies. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, thir- party service providers, and customers’. (Web: Council for Supply Chain Management Pr...
Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,
Flipkart basically used B2C Model, a consumer goes to the website, selects a catalog, orders the catalog and an email is sent to the business organization. After receiving the order, goods would be dispatched to the customer. This is a definition of B2C model.
A supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products, and deliver the products to customers through a distribution system [1]. The basic objective of supply chain is to “optimize performance of the chain to add as much value as possible for the least cost possible.