Wayamba Plantation Marketing

What-is-Supply-Chain-and Supply Chain Management?

After reading this blog posting you will be able to 

• Appreciate what a supply chain is and what it does?
• Define the different organizations that participate in any supply chain 
• Discuss ways to align your supply chain with your business strategy
• Start an intelligent conversation about the supply chain management issues in your company

Supply chains encompass the companies and the business activities needed to design, make, deliver, and use a product or service. Businesses depend on their supply chains to provide them with what they need to survive and thrive. Every business fits into one or more supply chains and has a role to play in each of them.

Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.

 

 

Supply Chains:  Definition and Basic Concepts

What’s a Supply Chain? 

A supply chain is the collection of processes and resources required to make and deliver a product to the final customer.

 

What is included in a supply chain?

A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user.

Why supply chain management is important?

Supply Chain Management. Supply chain management involves optimizing your operations to maximize both speed and efficiency. Speed is important because customers value fast service. Increasing speed, however, can cause costs to skyrocket, so maximizing efficiency is equally important.

What is a supply chain role?

In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. ... Marketing channels play an important role in supply chain management.

 

What is the supply chain process?

Supply Chain Management - Process. Advertisements. Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. A supply chain is the collection of steps that a company takes to transform raw materials into a final product.

What are the flows within a supply chain?

Supply Chain is the management of flows. There are Five major flows in any supply chain: product flow, financial flow, information flow, value flow & risk flow. The product flow includes the movement of goods from a supplier to a customer, as well as any customer returns or service needs.

 

What is the difference between logistics and supply chain management?

Logistics Management is a small portion of Supply Chain Management that deals with the management of goods in an efficient way. Although, if we talk about Supply Chain Management, it is a broader term which refers to the connection, right from the suppliers to the ultimate consumer.

 

Learn more on Supply Chain Management. CLICK HERE

 

 What-is-Sustainable Supply Chain Management?

 

 

Sustainable supply chain management involves integrating environmentally and financially viable practices into the complete supply chain lifecycle, from product design and development, to material selection, (including raw material extraction or agricultural production), manufacturing, packaging, transportation, ...

 

Why is sustainability important in supply chain?

Sustainable supply chain management can save money.

Going green can involve anything from reducing the amount of packaging to sourcing locally or using sustainably harvested or manufactured materials. It's about reducing your company's carbon footprint, then communicating what you're doing to your target market.

 

Supply-chain sustainability is a business issue affecting an organization's supply chain or logistics network in terms of environmental, risk, and waste costs. ... A sustainable supply chain seizes value creation opportunities and offers significant competitive advantages for early adopters and process innovators.

 

Learn more on SSCM, CLICK Here 

 

Quiz

1. Which do you think would be able to implement a green supply chain more easily?

1. A service firm
2. A manufacturing firm
3. None of these answers are correct. 
4. It's hard to say.

 

2. The sequence of a typical manufacturing supply chain is

1. Storage–Supplier–manufacturing–storage–distributor–retailer–customer
2. Supplier–Storage-manufacturing–storage–distributor–retailer–customer 
3. Supplier–Storage-manufacturing– distributor–storage–retailer–customer 
4. Supplier–Storage-manufacturing–storage– retailer–distributor–customer 

3. The purpose of supply chain management is

1. provide customer satisfaction 
2. improve quality of a product 
3. integrating supply and demand management 
4. increase production