Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Supply Chain Management College - Essay Example

Comments (0) Cite this document
Supply Chain Management has become on of the key areas that organizations are focusing on to reduce costs and improve the efficiency of the production process. The supply chain can be described as the network, covering the various stages in the provision of products or services to customers (ICMR), 2003)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Supply Chain Management College Essay
Read TextPreview

Extract of sample "Supply Chain Management College"

Download file to see previous pages Tangible benefits include revenue growth, optimized inventory management, etc. Intangible benefits include improvement in quality, improvement in customer satisfaction, and enhanced customer and supplier techniques (Schonberger, 1997).
Outsourcing is nothing but getting certain types of the company done by people who are not actually part of the company ( Usually, companies outsource certain specific works in which the company is not strong to people who are experts in that particular job. Outsourcing is not a new concept in SCM. Global sourcing is now a competitive requirement of doing business. This perceived survival imperative has created an extended supply chain, as to distance and time, which has a menu of supplier and logistics demands. Directing the supply chain, as to costs, performance, inventory, visibility, collaboration and integration is an imperative for corporate success (
Outsourcing in Supply Chain Management means outsourcing of services that traditionally have been provided in-house. The logic of this trend is that the company will increasingly focus on those activities in the value chain where it has a distinctive advantage and everything else it will outsource. Hence, strategic decisions need to be taken centrally with the monitoring and control of supplier performance and day-to-day liaison with logistics partners being best managed at a local level.
A recent survey that was conducted on outsourcing revealed certain interesting facts as under (Craig, 2005):
42% outsource half or more of their supply chains. This is a significant percentage and shows the degree of outsourcing acceptance, development and penetration.
While the function or activity is outsourced is broad, 59% outsource supplier management. It also shows recognition that supply chain importance and success begins with suppliers, who can be difficult to manage, especially those thousands of miles away.
56% import some or all of their finished products or materials. This also shows the expanding opportunities for outsourcing of offshore logistics.
Failures in Outsourcing
There may be failures in outsourcing with relevance to the Supply Chain Management. The reasons for these failures are as follows:
Poor project design
Lack of metrics or key performance indicators (KPIs)
Use of improper metrics or KPIs
Not fulfilling expectations of either or both parties
No clear lines of responsibility and accountability
Inability to evolve the relationship from short term to long term and from static to dynamic (Craig, 2005).
Risks involved in Outsourcing
Risk and business are terms which are actually inseparable. Outsourcing is not an exclusion of this fact and there are yet certain ways in which these risks can be handled and mitigated. Quantifying and assigning risk is a crucial factor in outsourcing success. As part of this essay, the risks involved in outsourcing are discussed in two different perspectives, one from the buyer ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Supply Chain Management College Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from
(Supply Chain Management College Essay Example | Topics and Well Written Essays - 1000 Words)
“Supply Chain Management College Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Supply Chain Management College Essay

Purchasing & Supply Chain Management

... College: Purchasing and Supply Chain Management Introduction Blacks Leisure group is a British outdoor retailer that deals with a range of leisure products and services encompassing horse racing, casinos, water sports, fitness classes, bird watching, cinemas, land sports, music concerts, videogames, among others. These products falls into four major categories, namely, recreation, tourism, sports and hospitality. The group is currently running in one of the most competitive industries. In order for the Blacks to remain the market leaders, it is absolutely necessary for it to get acquainted with consumer preferences, industry trends and competition and also consumer preferences. This article shall focus on the matters regarding...
6 Pages(1500 words)Essay

Supply Chain Management. Green Supply Chain

...?Module Supply Chain and Operations Management Module Number: 214LON Module Kenny Tang Assessment 2: Individual Assignment The Concept of “green” Supply Chain Date of Submission: 29th of March 2013 by 5 p.m. Name: Darya Kachmazova Student ID: 4686426 Word count: 2116 over page Contents 1Introduction 3 2Discuss the environmental factors leading to the development of green supply chain. 3 3Discuss the main characteristics of green supply chain and/or the main issues green supply chain aims to deal with. 6 4Compare the differences between the traditional supply chain and the green supply chain. 8 5Explore the new challenges presented by green supply chain and recommend how those could be dealt with. 13 6Summary 15 7Reference 16 8.Bibliography...
8 Pages(2000 words)Essay

Wedgwoods Supply Chain Management

...Topic: Wedgwood's Supply Chain Management The company: Luxury ceramics are identified with Wedgwood Company, with a history of about 250 years, the company is facing the problems in operation management that is a flexible and responsive customer service. Improving the basic tasks of a company like finding raw components required for product or service, manufacture of the products or service and delivery to the customers is the arts and science of supply chain management. The five basic components of supply chain management include, (Christopher Koch, 2002) (Carlo.D.Smith pp155-178) (William C Copacino, 1997, pp.81-90) (Robert A. Rudzki Planning: A strategy is to be developed for the cost-effective utilization of resources required...
8 Pages(2000 words)Essay

Supply Chain and Supply Chain Management

...Supply Chain and Supply Chain Management A supply chain is made up of the parties involved in delivering customers requests and includes manufacturers, suppliers, transporters, retailers and customers (Hugos 3). A supply chain involves the activities involved in receiving requests from the customer and filling these requests. A supply chain will involve the constant flow of information, products and money in the different stages required for availing goods to consumers. Thus, a supply chain involves the activities related to the movement of merchandise from the raw material stage to the finished goods that reach the end user. Supply chain management refers to the logistics involved in managing the processes involved in availing goods...
1 Pages(250 words)Essay

Why Are Performance Management Such Closely Related Aspects of Human Resource Management

Performance management systems make use of the fact that performance is increased on the part of all concerned and there is no shortfall as concerns to commitment, dedication, and devotion when at work. (Bilgin, 2007)

What this performance management system does is to ensure that the right people get the bonuses, incentives and so on as well as point out the ones who have fallen short on the company’s expectations over a period of time. This would help in giving them rewards and incentives which will eventually make one and all happy at the end. Also, this will continue their desire to achieve more and more within a specified period of time and thus come into the good books of the company. In return, they can be g...
6 Pages(1500 words)Essay

Risk Management Occurred by the Natural Disasters

..., these helicopters were still not sufficient to effectively manage the disaster. Limited experience on the part of rescue teams was also seen. Inexperienced and ill-equipped rescue workers were often faced with monumental challenges that eventually increased the risk to their lives and the lives of the people they were actually rescuing (Aysan & Geleta, 2009, p. 8). Recovery The recovery period from the disaster is still ongoing in the affected provinces in the Philippines. The efforts which were however started include road rehabilitation, importation of food supplies, establishment of permanent and alternative relocation areas for displaced families, and similar livelihood assistance measures for areas affected. Road...
9 Pages(2250 words)Essay

The Strategic Planning of an Organization and Human Resources Management

Human resource planning is the process of ensuring that the right person is at the right job at the right time. According to Vetter, 1967, ‘the process by which management determines how the organization should move from its current manpower position to its desired position. Through planning, management strives to have the right number and the right kinds of people, at the right places, at the right time, doing things which result in both the organization and the individual receiving maximum long-run benefits’ (Jackson & Schuler, 1990). There have been several businesses in the current economic environment that have made several changes in the human resources being used within the company to ensure that there is...

7 Pages(1750 words)Essay

Self Assessment: Conflict Management Style

...Please indicate Self Assessment: Conflict Management Style The assessment on conflict management that I took suggests that I am the type of person who tends to cooperate and work with people to achieve a desirable outcome. It suggests that when I am faced with a conflicting situation, although I listen and consider other viewpoints included in the discussion, I carefully evaluate and analyse every detail in accordance to my own. It depicts that I welcome other ideas or arguments but not easily swayed by them for I tend to make my point be heard and accepted as well, creating a really interesting discussion that in turn promotes a win-win situation. Furthermore, the assessment also indicated that second to collaborating attitude, I also...
7 Pages(1750 words)Essay

Human Resource Management: Fresh Perspectives

... Strategies for managing a diverse workforce. 5th Edition. NY. Prentice Hall. Jackson, S.E. & Schuler R. (2000). Managing Human Resources: A Partnership Perspective. NY. South Western College Publishing. Kleynhans R. et al (2007), Human Resource Management: fresh perspectives, Prentice Hall, S.A. Pfeffer J. (1998). The Human equation: Building profits by putting people first. Boston MA: Harvard Business School Press....
9 Pages(2250 words)Essay

Innovation and Knowledge Management

Innovation and knowledge management – description, characteristics
The forms of innovation and knowledge management in organizations worldwide can be differentiated, being depended on the type of organization, its size but also the organizational needs that have to be addressed. The interaction between innovation and knowledge management in regard to specific organizational activities is usually developed as follows: when innovation is required for the improvement of organizational performance, then appropriate knowledge management schemes are likely to be implemented. The above relationship between innovation and knowledge management can be identified in organizations of both the private and the public sectors. The typ...
8 Pages(2000 words)Essay

Should College Students Do Part Time Jobs

... to put into practice the theoretical work taught in the classroom setting as early as possible (Halonen & Santrock 84). Secondly, students ought to work whilst in college as they learn responsibilities at a tender age. Through work, students understand the commitments expected of them especially of work and how they should meet the same. Halonen & Santrock recommend time management for students who opt to engage in income generating activities while in school (83). In this case, the learners are also able to acquire the skills required in management as well as build their character that is a prerequisite for future employment. Such a student is therefore a diversified one that is able to fit in the market. This is because they have made...
7 Pages(1750 words)Essay

An Investment for a Lifetime: Is College Worth It

...An Investment For A Lifetime Is College Worth It? Introduction: There are many Americans who feel that college education has become a financial burden for parents and students alike. This approach to higher education was absent back in the eighties, or for that matter even the nineties. The economic crunch faced by the country, coupled with some brilliant business performances by college drop-outs has led to this thought process gaining ground. What about the students pursuing their higher studies presently? Do they have a positive outlook to what is going to happen after they are handed their degrees? And then there are financial issues that parents, students, and college presidents deal using different perspectives. In our study...
6 Pages(1500 words)Essay

Skills Required in College

There are important skills that are required by a college student in order to help shape their educational, financial and moral growth that will lead to their success in college and life.

Time-Management Skills; It is important that a student can manage their time when they are in college. This will enable them to be able to attend classes at the appropriate time and be in the right place at the right time. Good time management will enable them not to work their way into the time allocated for studying and they will also be able to have a balance between the time they spend studying and the time that is spent engaging in extra-curriculum activities. Good time management will enable a student to prepare weekly schedules...
7 Pages(1750 words)Essay

The Mansfield College

The Entrepreneurship program I attended along with many other lectures was held at a prestigious institution; Mansfield College, University of Oxford, one of United Kingdom’s most established colleges. The institution provides a platform where students and lecturers from numerous universities around the world meet to share knowledge and ideas. On this occasion, I and numerous other students from Al Faisal got the chance to participate.

The visit to the college gave us the chance to meet business leaders as well as academic leaders who have made their names in the respective fields by their achievements and overall reputations. It was an extremely organized program with different activities all geared up in the sc...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Supply Chain Management College Essay for FREE!

Contact Us