Supply Chain Management System - Assignment Example

Major and Career Research Paper Part I Supply Chain Management is founded on two major concepts that every product that the consumers gets is as a result of several organizations that work together to ensure that the new products gets to the consumers (Ivanov and Sokolov 32). The institutions that work together to move products to consumers is known as supply chain (Dam and Skjott-Larsen 134). Secondly, most companies do not consider how to manage the supply chains organizations. Therefore, this management process can be explained as the activity of controlling of supply group actions to increase customer value and accomplish a maintainable competitive market (Ivanov and Sokolov 32). It characterizes a deliberate attempt by an organization to main and manages several supply chain companies to grow and manage all activities associated with the supply of different new products (Dam and Skjott-Larsen 134). Activities conducted by supply chain cover all items from development of a new commodity, sourcing, invention, and procedures used in invention, as well as the information needed to organize these procedures (Dam and Skjott-Larsen 134). Companies that take part in managing supply chains take part in activities through physical movements and movement of information (Dam and Skjott-Larsen 134). Physical movement involves the change, association, and storage of new commodities and substances. Effective flow of information within the organization promotes effective supply chain management (Dam and Skjott-Larsen 134). Supply chain movement within an organization can be divided into product movement, information movement and finance movement within the supply chain firms (Wisner 112). Movement of new products incorporates the flow of merchandises from a contractor to a client, as well as the first client profits or package needs (Wisner 112). The information movement involves communicating instructions and informing the importance of distribution (Dam and Skjott-Larsen 134). The financial movement involves acknowledging terms, expense lists, and delivery and arrangements of product ownership (Wisner 112). In supply chain firms, raw materials are obtained, and substances are created in different organizations and transported to the warehouses for middle storage, and later shipped to consumers or retailers (Wisner 112). Therefore, to decrease cost and increase services to the consumers, real supply chain approaches must consider the connections at the several levels in the supply chain management (Wisner 112). The supply chain management consists of several developed areas, warehouses, supply points, and marketing openings, as well as materials, the process of manufacturing products, and finished produces that run between the supply firms (Wisner 112). Management of supply chain involves all the competence that has an influence on price and performs a role in the manufacturing of the new product that follows the consumer needs. The movement moves from the supplier to the manufacturer then to the retail firms through several suppliers and distributor firms to consumers and retail stores (Wisner 112). In this process, it is significant to present an explanation to the sellers’ contractors and the clients’ customers because they influence the actual performance of supply chains (Wisner 112). The main purpose of supply chain administration is to be well organized and effectively budget through the whole process of supply management from transport and circulation to records of unprocessed materials, the process of creation and the new product created (Wisner 112). The entire process is placed around effective integration of factories, suppliers, warehouses, and retail stores. It includes several levels of managing invented products from raw materials supplied by suppliers (Ivanov and Sokolov 32). Companies and individuals involved in the process should note that the process of management cannot be handled in isolation (Ivanov and Sokolov 32). Whereby, its implantation strategies cannot work in isolation (Ivanov and Sokolov 32). The entire process includes incorporation of several activities connected with the creation of new products (Ivanov and Sokolov 32). Similarly, strategies used in supply chain management should be associated with the precise objectives of the association, like increasing market prices or increasing their benefits (Ivanov and Sokolov 32). Supply chain considers the customers as well as the manufacturer of the new products (Ivanov and Sokolov 32). Within an organization, it includes all activities used to fulfill a client’s requests. These activities involve the creation of new products, finance, distribution and consumer services (Ivanov and Sokolov 32). The supply chain process starts with the clients request and stops when a client’s get satisfied with what he or she has purchased from the organization (Ivanov and Sokolov 32). It is usually important to consider the flow of goods from both sides of the supply chain in order to improve their services (Ivanov and Sokolov 32). Manufactures obtain goods from different suppliers and distributes the products to different distributors around the market (Ivanov and Sokolov 32). These makes all supply chains a network of suppliers distributing goods and services to the consumers (Ivanov and Sokolov 32). Most businesses depend on supply chain to maintain their production or invention of new products (Ivanov and Sokolov 32). This is usually achieved through marketing and interaction with consumers who communicate their needs to the companies supplying those goods and services (Sehgal 45). Part II From this researcher, it is important to consider that supply chain management includes the following individuals who facilitate the entire process (Sehgal 45). People, events, communication, and suppliers concerned in transporting the new commodity or services from dealer to clients (Sehgal 45). Activities in the supply chain change raw resources and elements into a complete product that is transported to the customer as a product (Sehgal 45). It also entails all services, occasions, activities, connected with movement and conversion of services as well as goods from unprocessed materials to the client together with the related movement of information (Sehgal 45). Therefore, it entails a group of the process that creates and supplies manufactured products to the clients (Sehgal 45). The main goal of the entire process is to react to insecurity in client need without generating costly surplus inventory (Chopra and Peter 113). Factors that contribute to the uncertainty include issues of demand, long variable in manufacturing firms influence the distribution of goods and services (Chopra and Peter 113). They also experience late deliveries of products and incomplete transportation of goods. At times, prices of new products fluctuate leading to customers changing their orders (Chopra and Peter 113). The most important purpose of this management is to control the production costs and supply of goods and services (Chopra and Peter 113). Most importantly, the chain produces the difference between the values of the product to the client. It also attempts to improve the entire process of supplying goods according to the demands of the clients (Chopra and Peter 113). In this case, the values of the product are correlated to the profits the supply chain makes while supplying goods and services (Sehgal 45). Important activities in the supply chain movement include transportation, salesperson, credit and cash transfer, distributors, suppliers, warehouse services, sharing client, calculating profits, and providing good information for production of new commodities (Chopra and Peter 113). Distributors and suppliers should understand that a lot of reliance on supply chains, increase dependence in the process of supplying goods (Ayers 56). Similarly, politics paly a significant role in influence supply chains. To cub this risks the supply chains should work towards eradication any challenges that could influence the entire process (Ayers 56). The main characteristics of supply chain management are collaboration between several organization to deliver goods and services to their clients (Sehgal 45). Whereby they aim at making the supply process essay and predict clients’ behavior towards new invented products (Ayers 56). Collaboration between several supply chains companies entails the following major levels of interaction (Ivanov and Sokolov 32). The functional level, which focuses on operating discreet supply chain services offered to several distributors (Ayers 56). The second state is the integration of several procedures that affect the entire process. Third, the peripheral integration is the integration with other companies that have common objectives, common supply procedures, and different metrics of performance within the entire supply chain activities (Ayers 56). Finally, the process uses cross business collaboration, which includes use e- business and modern technology to solve client’s problems in the supply chain process (Sehgal 45). The major type of collaboration in the entire process includes exchange of information, collaborative projecting, collaborative planning, and collaborative scheduling (Ayers 56). In conclusion, supply chain can be described as a system of dealers, producers, transport, suppliers, and salespersons that work to convert unprocessed materials to a new product of creations to customers. It is mainly concerned with the effective integration of distributors, companies, and warehouses. The main purposes of the entire process are to manage or improve the general performance of an organization and client satisfaction by refining the commodities or delivery of services consumer. Works Cited Ayers, James. Making Supply Chain Management Work: Design, Implementation, Partnerships, Technology, and Profits. Canada: CRC Press, 2001. Print. Chopra, Sunil. and Peter Meindl. Supply Chain Management. 2nd ed. Upper Saddle River. New York: Pearson Prentice Hall, 2004. Print. Dam, Birgit. and Skjott-Larsen Tage. Supply Chain Management: In Theory and Practice. Boston: Copenhagen Business School Press DK, 2005. Print. Ivanov, Dmitry. and Sokolov, Boris. Adaptive Supply Chain Management. New York: Springer, 2009. Print. Sehgal, Vivek. Supply Chain as Strategic Asset: The Key to Reaching Business Goals. New York: Wiley & Sons, 2010. Print. Wisner, Joel. Principles of Supply Chain Management: A Balanced Approach . Denver: Pearson Prentice Hall, 2011. Print. Read More