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Thursday, October 24, 2019

Supply chain Management and E-supply Chain Management with Proper Description

Supply Chain Management(SCM)


SCM (Supply Chain Management):
When a customer buys a finished product of the company, it is the retailer who sells it to the customer. Retailer in turn gets the product from a wholesaler or a distributor who in turn gets it from the manufacturer. The manufacturer, in order to produce the product requires raw materials that are supplied by a vendor who in turn procures it from another vendor or a manufacturer. In short, there are a number of business entities that are involved in this chain. In a real world business environment, a manufacturing company does not operate in isolation. It has business relationships with channel partners (like wholesalers, distributors etc.) as well as with vendors who supply goods and services to the company. In order to ensure that customer gets the right product at the right time at the least cost, it is not adequate to refine the internal business processes. It is necessary to take a broader look that involves channel partners as well as vendors. This is the approach with which the supply chain management concept operates.



scm
Supply Chain Management



Supply Chain-
A supply chain or supply network is a coordinated system of organizations, people, activities, information and resources involved in moving a product or service in physical or virtual manner from point-of-origin to point-of-consumption. It spans all movement and storage of raw materials, work-in-process inventory, and finished goods. Supply chain activities transform raw materials and components into a finished product that is delivered to the end customer.(The supply chain of a company includes vendors, manufacturing facilities, logistics providers, internal distribution centers, distributors, wholesalers and all other entities that lead up to final customer acceptance. The
extended supply chain for a given company may also include secondary vendors to their immediate vendors, and the customers of their immediate customers.)





Supply Chain Management -
Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the supply chain as efficiently as possible.




E-SCM: E-Supply chain management practices in manufacturing industries. E-SCM involves using the internet to carry out value-added activities so that the products produced by the manufacturer meet customers and result in a good return on investment. E-SCM is the effective utilization of internet and business processes that help in delivering goods, services, and information from the

supplier to the consumer in an organized and efficient way.




Advantages of e-supply chain management

Companies implementing E-SCM can enjoy the following advantages:

1. It improves efficiency
2. It reduces inventory
3. It reduces cost
4. It helps to take a competitive advantage over competitors.
5. It increases the ability to implement just-in-time delivery, increases on-time deliveries, which enhances customer satisfaction.

6. It reduces cycle time, increases revenue, by providing improved customer service.



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