One thing connecting all parts of local to national business, effected by billions of people each day and managed by thousands of businesses individually or together, the supply chain is an effective and much needed tool is our enterprises today. Compared to the business practices in the 90s and earlier back through time, the average business model today is very complex and intertwined with other businesses. No more are the days businesses could run off of a poster or simple advertisement in the community, now the business of social media and the internet are essential to running any establishment and earning money. A very integrated business is more than just advertisement and sales though, the enterprise needs coordination and it will decide to take part in information sharing within the supply chain management it will run. The supply chain …show more content…
Many franchises were made over these strategies and ways to turn them into software for other companies to use seamlessly. Software has been created to main stream the process for many places and can be made to tailor the most unusual of companies; however, the more the resource planning is modified, the more complicated it is both to use and to teach. More technology comes out with each advance that is made, so the business world is constantly evolving and growing. All businesses need one thing to keep them running, organization is the key to a well kept supply chain. In this paper, the information sharing section will talk about the different streams and ways that the information can travel along with what can happen if something goes wrong in the chain. Coordination is about the way all the chains, suppliers, and information need to come together and what can happen if something is disorganized within the supply or demand chain. Hopefully learning the following tactics and ways to avoid them, along with the many ways that the business world is run will help future business employee better understand the
Any time the company is looking into software project, there are areas associated with risk such as cost, time and relationship with suppliers. However, for Harley-Davidson, “collocation of suppliers with production facilities and their integration into company’s development process was the essential part of long-term relationship development”. Through a continued focus on collaboration and strong supplier relationships, the company could position itself to achieve strategic objectives and deliver cost and quality improvement over the long-term. Since, at that time company had no centralized system in place to handle relationship with suppliers and consequently, most of company’s time was spent on supplier management activities. For example, reviewing inventory, expediting and data entry. Furthermore, each supplier had different information systems for “Maintenance, Repair, and Operations (MRO), Original Equipment (OE), Parts and Accessories (P&A), and General Merchandising (GM) purchasing activities”. The systems, already provided by supplier, had to be further modified to meet individual need at each location, such as “the OE system at Harley-Davidson’s York, Pennsylvania site was different from the OE system in Kansas City”. However, due to long-standing tradition of gradual change implementation and focus on quality, quick transitions were unwelcome and did not come easy for the company. The size of the project determined how much risk was involved in terms of cost, time, and supplier relationships. The idea of switching to global purchasing system was seen as a threat not only in supplies and production flow interruption, but also in damaged dealer/customer relationships and lost sales. Furthermore, failure of the sy...
Supply chain management is connected with the flow of products and information between supply chain members and organizations. New development in technologies enables organization to get correct information easily in their premises. Technologies used are helpful in coordinating the activities which manage the supply chain. By this the cost of information is decreased because now we have increasing rate of technologies. In an integrated supply chain where product or raw material and information flow in a bi-directional we as managers needs to understand that information technology is more than just computers.
Clearly defining this stage of the supply is vital to it success, along with supplier identification and using supplier scorecards. It is also imperative to use the latest in software to synchronize these systems and manage the information and communication among all stakeholders.
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).
In business terminology, supply chain is the name given to a network of facilities and distribution options that performs the functions of procurement of materials, their transformation into intermediate and finished products, and then later the distribution of these finished products to customers. Although it may seem that supply chains are only important to manufacturing industries, they exist in service industries also. The actual level of its complexity may, however, vary greatly from industry to industry and firm to firm.
Although there are intrinsic and extrinsic risks that any organization faces. The supply center should begin focusing on the intrinsic factors to improve the SC within their organization because they are a unique organization regarding logistical efforts and the customers they serve. Improving collaboration depends greatly on providing incentives to employees for collaboration efforts, information sharing through both data and information technologies, and fostering business relationships in each
In order to have both an effective and efficient supply chain, managers should be focused on trying to achieve not only a cost effective supply chain, but a flexible one. In today’s economy, because the market is so volatile, trendy, and competitive, flexibility is the key to success. In order to respond to customers’ ever-increasing requirement demands, market leaders have positioned themselves well by continually investing in new key performance indicators, additional technology, improved supply chain networks, and streamlining efforts (Source One INC, 2013). This helps to maximize flexibility and overall responsiveness. With increased flexibility, leaders recognize that supply chains must be adjusted to meet different customer needs. In my research I will analyze Gate Gourmet’s use of information technology and the importance of supply chain integration.
‘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, whether in a traditional or E-commerce environment, involves distributing products, goods and services from point of manufacture to the delivery of the final product. Supply chain management, whether related to B2B or B2C retailers involves manufacturing, storage, distribution and delivery of products and services to consumers and other businesses. In addition, the supply chain philosophy ensures that customers receive the right products at the right time at an acceptable price and at the desired location. Increasing competition, complexity, and geographical scope in the business world have led to the continuing improvements in the capabilities of the personal computer and have made the optimization of supply chain performance possible. Electronic mail and the Internet have revolutionized communication and data exchange, facilitating the necessary flow of information between businesses, suppliers and customers within the supply chain (Helms, Marilyn, 2008). B2B supply chain management is slightly more complex than B2C transactions, as B2B wholesalers, distributors and manufacturers are typically working with larger corporate entities. For supply chain management to work in a B2B or in a B2C environment, the focus must be on providing customers with the utmost in quality services. This is especially the case since in today's economy what firms are mainly selling to each other is information, not just in the case of services such as banking and digital applications, but even when the product concerned is a physical product. The real value added comes from optimizing price and specification, as opposed to the physical transfer of the product (Vasarhelyi, Miklos, 2007).
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,
[8] Supply chain lessons for the new millenium: a case of Micromax informatics Integral Review –by Salma Ahmed, A Journal of Management-ISSN: 2278-6120, p-ISSN: 0974-8032, Volume 5, No. 2, Dec.-2012, pp 53-61) .
Quickly becoming apparent after only a few rounds of play was in the absence of coordinating direction the individual supply chain links immediately focused upon acting in their own best interests much more so than the organization as a whole. Whether the end use customer was satisfied became secondary to avoiding stock outages for the next link in the chain, or their specific “upstream customer”. The real world application of this example is that focus on the end use customer must be consistent and maintained throughout the process up to and including delivery. Undoubtedly internal customers, such as retailers to wholesalers and distributors to production, must be serviced along the way for the transaction to ultimately occur. However, unless an end use customer is involved no profit can be realized by anyone.
Supply Chain Management concept is derived from a ‘chain’ based theory. Martin Christopher defines it as the “Upstream and downstream relationship with customers and suppliers defines it in order to deliver a superior value to its customer and suppliers at a lower cost to the chain as a whole”. The focus is on building trust and mutuality between parties.
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.
Many big businesses such as Walmart and Proctor & Gamble have found success with networked supply chains (Poirier, 2004, p.3). Enterprise systems offer particular benefits including an improved response to the marketplace and increased work quality as well as greater employee collaboration and efficiency (Nordmeyer, 2015). Early technology includes enterprise systems which allows companies to integrate business processes by sharing information across business functions and employee hierarchies (Nordmeyer, 2015). Rafter (2008) observes that big corporations have used supply chain management and enterprise resource planning (ERP) software for years. Business that seek to improve their sales department productivity or manage customers in a way that increases sales can utilize customer relationship management (CRM) to better understand these functions (Nordmeyer, 2015). These two systems represent many others that have helped firms optimize their supply chains and obtain an advantage over their