Supply Chain Management
Word Cloud with Supply Chain Management related tags

Buy Guide to Supply Chain Management: An End to End

The chain of supply management includes all of those activities, workers in the organization, information of the organization and resources required to move any of the product from the company to the customer. In the supply chain, the main process of the company is to provide the customer with the products on time. The goal of the chain is to balance the supply and demand of the members of the chain. It is the process of supplying goods from the company to the delivery of the customer. It is the industry in which the carriers and the regulations of transporting goods are observed. It is the process of integrating the supply and demand not only in the organization, but the members are also responsible for the process. lean six sigma green belt training

Rather than considering it in chunks, managers involved in supply chain management must go for analyzing the supply chain as a whole in order to perceive the problems and thumbs-ups in a better way. Because chunking the chain into its distinct members will specify their needs and requirements individually and it is not quite feasible to cater to them all. A holistic approach makes it more possible to formulate for better remuneration and lower losses. On the other hand, a manager needs to set a particular number of targets and a specified time limit rather than just a wish saying ‘More remuneration’ to make it feasible for employees to work towards the common goal.  Supply chain management, or what we commonly refer to as SCM, has emerged as a branch for better remuneration of firms or individuals involved in the supply chain. It involves the cutting down of costs and increasing efficiency and effectiveness via measured and calculated steps. To bring into effect the said functions and achieve the targets is not an easy task. But, experts have formulated seven such principles to help everyone involved in a supply chain, regardless of the target or function in it, in managing their function better and the chain in turn. 

Supply chain management has evolved over the years after its discovery by Keith Oliver and has been usually referred to as the SCM in short. It has not achieved heights alone but has gone hand – in – hand with the OEM or Original Equipment Manufacturer development. These fall into several models that any business can undertake, such as the:-

–         Continuous flow model

–         Efficient chain model

–         Flexible model

–         Agile model

–         Custom configured model

–         Fast chain model and

–         Supply chain operations reference (SCOR) model

From the wide range of choices, a business organization may choose any one of the above models or simply may not follow any model. But it is the best decision on the part of any business personality or group to consider undertaking the SCOR model owing to its wider adaptability, better tools and facilities, and management criteria. It also provides for the organization or the individual to customize a process/concept or undertake several customized functions along with a few of the prescribed ones. The model of SCOR for supply chain management calls for several elements such as the Top, Configuration and the Process element level, which deal with scope and content, strategy, and performance metrics, respectively. The Top-level element is the most important of the three mentioned above as it deals with the scope and content of the supply chain and thereby makes it stand unique among the rest. It has several components which help towards achieving the targets a group/individual has regarding the supply chain and maintain a steadily increasing percentage of efficiency. 

Categorization of the customers can be made on the basis of several factors such as their use of the product, their age, their physique, their specific needs, etc. These factors help in deciding which category to serve more and appeased. A particular category that buys the negotiable potion of the sales compared to the other groups together needs to be specifically addressed. A regular market analysis is advisable rather than just at the beginning of the venture. Every six months, analysis of the market scenario has been deemed profitable for some seasonal business like vegetables, r4estaurants, dresses, etc. Therefore, market analysis can help in improving the incoming of raw materials even in the lean period and better export in the excess period, thereby decreasing loss. lean six sigma green belt training