International trade has resulted in the movement of goods across the globe. Faster communication has enabled many companies to remain largely competitive, by delivering customized products on time. International trade relies much on the supply chain, which largely encompasses the distribution of goods to the final consumers…
Download full paperFile format: .doc, available for editing
Extract of sample "The importance of supply chain management"
Download file to see previous pages
Supply chain management has become an important topic of concern for many companies, who rely on getting a huge market for their highly competitive products. Supply chain management helps in the proper management of resources and a far more efficient way of distribution. Supply chain management is a fast and emerging concept in the distribution of goods in supermarkets. Huge international corporations such as Dell, Kodak, Gillette, Unilever and Wal-Mart have all introduced SCM. Therefore, I, as an SCM consultant have been asked to analyze the supply chain management of the fashion department of the Co-Op supermarket, and address and provide a few solutions to the concerns of the board of directors, which are quite valid.
Fashion has an allure for many women in the United States. Therefore, the fashion department of the supermarket has done quite well. However, with the recent awareness of the problems of environment, many women have become largely concerned about the origination of these fashion products. Hence, supermarkets are faced with a dilemma. They have to remain competitive, offer low prices to customers and respond to certain other needs of customers, quite unrelated to the specification of the product, itself. The Supply Chain Management is an issue of such vital importance because the globalized world that we live in, has spurred off many benefits, as well as many problems. Market segmentation has occurred, where many consumers may become concerned with the environment. Co-op supermarket has an ethical policy, which takes many preferences of the consumers. Customer responsiveness is quite significant; therefore, consumer feedback has to be integrated into daily operations (Wisner, Tan & Leong 2008, p. 26). The board of directors has become increasingly concerned over the channel of distribution of the fashion products, since they are manufactured in China, and are shipped across the globe to the United States. The concern is quite logical and merits consideration. According to Wisner, Tan and Leong, in their book “Principles of Supply Chain Management”, the greening of supply chains is important, because they suit the particular needs of the customers, especially in the case of Co-Op supermarket. Code of ethics is an important component of the workings of the Co-Op supermarket, the company prides in it. Therefore, ethical policy needs revision if the customer preferences have to be catered. The book mentions that the entire chain of distribution from storing, packaging, repackaging, transit and delivery have a significant threat to the environment. The threat to the environment comes in the form of air pollution, congestion, global warming and other forms of industrial pollution. In the case of shipment, whether by air or by sea, pollution is created, which inevitably leads to Global Warming. The fashion products can also be not manufactured in the United States, since the production can become highly expensive, because of expensive labor. However, products in China are manufactured quite cheaply. Therefore, even at the cost of ethical policy, the supermarket cannot forgo its competitiveness in the market. Moreover, the supermarket cannot only stock products from the native country, because this denies consumer the choice and variety of different products. Therefore, the supermarket is faced with a dilemma. If it is to maintain a market of the fashion products, it needs to address the concerns of many consumers who like to preserve the integrity of the
...Download file to see next pagesRead More
Stock maintenance should be ensured through material flows. Zara, a Spanish clothing outlet, follows automated routing systems for transporting electronically tagged clothes to correct loading bays in its logistics locations. This electronic procedure assists in minimising shrinkage levels with 98.9% accuracy in distribution.
Logistics is simply the science of getting the required materials, goods or equipment to the right people at the right time and the development of this field owes a lot to the military history of civilisation which extends all the way back
Such a criticality is even more applicable in the case of Tower Records performing e-business strategies, i.e. involved in e-supply chains that are a supply chain in that actors are associated by Internet technologies and/or EDI in a network to purchase, sell, and dispense products or services and to transfer cash flows.
Leading economist Joseph Schumpeter incorporated the term “creative destruction” as a central element of the contemporary capitalist business model; describing the process of transformation that accompanies radical innovation (Schumpeter, 1942). Moreover, it has been
This is possible through improving supply chain of a business, which is a highly complex area. As a result, it can be a source of great efficiency and cost-savings gains. Companies are realizing that more than ever, supply chain excellence drives competitive advantage, customer relationships and shareholder value.
Both the internet and ERP are instrumental in enhancing the supply chain management strategy by focusing on ensuring the company’s products and services reach the store shelve in time for the current and prospect clients
ich comprises the warehousing and flows into and via the manufacturing process, while distribution comprises the warehousing and flows from the last stage of production point to the customer or end user. There are many definitions but the one given by the Chartered Institute of
The two selected products are English Wine and Ham that serve the food industry of the UK. In the UK, there are two types of wines commonly found and preferred by consumers – one being the English wine and the other as the Welsh wine, depending on their place of origin and production.
Some of the obstacles covered in the paper include the fact that fresh produce tends to go bad and decay easily and has higher regulatory safety requirement, while consumers demand diversity because of constant changes in their tastes. Linkages between different parts of the chain of supply for fresh produce are not effective.
activities that are directly or indirectly involved in dispersing products and services from suppliers to manufacturer and consequently, to the wholesaler, retailer and finally to customers (Talluri, 2002). Supply chain management indicates the system that leads to implement
14 Pages(3500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The importance of supply chain management"
with a personal 20% discount.