Premium Essay

Scm Assignment

In: Business and Management

Submitted By aj769
Words 2743
Pages 11
STRATEGIC MANAGEMENT ASSIGNMENT 4
1.0. Supply Chain Management
Intense competition in today’s global marketplaces, products with shorter life cycles, andsuperior expectations of customers have compelled business entities to invest in, and focus ampleattention on, their supply chains. Supply chain management has already become corecompetencies of various business enterprises such as: Apple, Intel, Samsung, P&G, Wal-Mart, Nike, Toyota and Audi which gives them the competitive advantage over their rivals. (Gartner,2012)The concept of supply chain management has become ever popular in today’s business world asit exists in both service and manufacturing organizations. It can be defined as:

A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, sothat merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system wide costs while satisfying service level requirements.

(Edmund P. & Kim W., 2013)Supply chain is basically an integration of independent organizations associated together as agroup through products and services where group associates jointly or separately add value on inorder to deliver them to end customers and meet their the needs. It consists of numerouselements that are connected together through the movement of products along it. Customer, planning, purchasing, inventory, production and transportation are the components of a simplesupply chain where it starts and ends with the customer. An effective SCM aims to achieve:reduced inventory level, increased speed of transactions and bolstered revenue by increasingcustomer satisfaction.

1.2. Difficulties of Supply Chain Management
Even though, an effective supply chain has the potentials for being a great organizational assetand competitive edge, management…...

Similar Documents

Premium Essay

Scm Term

...SCM Term Paper In the term paper, I would like to further discuss the ZARA case. My reasons are as followed. To begin with, ZARA has become a most popular fashion collection retailer in Taiwan, so it is interesting and instructive to understand how it can attain such success. Moreover, since I am an “IT” person, I would also like to figure out whether the information system plays an important role in ZARA’s supply chain. To start with my paper, I will first introduce some properties or concepts that had been discussed in class and were pertinent to ZARA. * Distribution Center: Distribution of both outsourced and in-house manufactured garments was centralized at Zara’s 500,000 square meter distribution center in La Coruna. Hanging garments were arranged on coded bars that sorted automatically by style within the distribution center; stock-picking of hanging garments was done manually. Folded garments were sorted on a carousel, with each garment dropped down a chute toward a box for its destination store based on its bar code. Shipments were made out of the distribution center twice a week. Local stores received goods within 24-36 hours of shipment in Europe and within 1-2 days outside Europe. No inventory was held centrally, and there was almost no inventory at the stores that was not on the selling floor. * Integral Process: Zara is a great example of applying vertical integration in supply chain. Zara’s products are designed at the Inditex headquarters in La......

Words: 1041 - Pages: 5

Premium Essay

Unit Three Assignment – Report of Amazon.Com Scm System to Rf Executives

...Unit Three Assignment – Report of Amazon.Com SCM system to RF Executives Robert M. Bolden, Sr. IT500: Critical Concepts and Competencies for the IT Professional Dr. Dawn Giannoni Kaplan University In this report, we will discuss the idea of a possible implementation of a supply chain management (SCM) system for the Rainforest Company. In this report, we’ll identify what SCM is, the difference it makes between real-time processing versus analytical processing. Then we will identify the benefits it will bring to the Rainforest Company and how to get an edge in the competitive global market. In order to understand SCM, we must first describe what it actually is. Supply Chain Management (SCM) is a system that includes planning, executing and controlling all activities involved in raw material sourcing and procurement, converting raw materials to finished products, and warehousing and delivering finished products to customers. (Stair and Reynolds, 2012, p. 389). In other words, it is a system that bridges the gap between the manufacturer and the consumer by supplying goods and services without the intervention of a retailer such as a department or grocery store. In an attempt to put this in perspective, we looked into the activity of Amazon.Com and how their process works from the supplier to finally reaching the consumer. When looking into the supply chain structure and strategies of Amazon.com’s website, we discovered that their methodology is much similar to most......

Words: 832 - Pages: 4

Premium Essay

Scm Globe Assignment: Exploring Other Supply Chain Options to Support Growth

...I. Introduction The SCM Globe system is a learning tool whose purpose is to provide hands on education in the basic dynamics of supply chain management. During the course of the semester, while using the SCM Globe simulation and performing the activities related to the case study presented, students were afforded the opportunity to manage and operate different supply chains. Students got a firsthand feel of how supply chains operate. A. Overview of Cincinnati Seasonings Supply Chain The Cincinnati Seasonings Supply Chain case study is a basic simulation of a simple supply chain to support a company that designs and markets food seasonings and sells its products in stores throughout the Midwestern United States. The purpose of the case study is to familiarize students with how to set up a supply chain and simulate its operations. Students get practice defining the product that the supply chain handles and in setting up the facilities, vehicles and routes that make up the supply chain. When students simulate the operation of the supply chain that is created they will get an appreciation of some of the central challenges involved in operating a supply chain. Students will get insights into balancing the need to run a responsive supply chain that never lets its customers run out of product with the need to run an efficient supply chain that also minimizes supply chain inventory and operating cost. Cincinnati Seasonings is located in Cincinnati, Ohio. The founder......

Words: 1986 - Pages: 8

Premium Essay

Scm Globe Simulation Paper

...300 words per answer. Your answer may include content from text or readings, conference discussions, or relevant workplace examples. These must not be merely cut-and-pasted from other sources. Please do not contact a UMUC Reference Specialist in developing any answer, as discussed in the syllabus. The answer for question 11 covering the SCM Globe Simulation should be at least 500 words and will take as long as required to discuss and document your learnings during Weeks 1 through 6. This answer is worth 100 points and represents ten percent of your course grade. Please save the examination with answers as a Microsoft Word document under a new filename the includes your last name, section (either 9040 or 9041) and “midterm.” An example is \scheer9040midterm.doc . Please include your name and section number at the heading inside the document. Answers should appear in order, from one through ten. Please make sure you have an answer for each question before submitting it for grading. Completed exams are to be submitted in the mid-term examination assignments folder. These are due before Saturday, March 24, at 11:59 PM ET. Note that your assignments folder is locked after this time and the exam cannot be submitted. The test represents 30 percent of your total class grade, so please spend quality time in preparing answers. I estimate that it will take about four to six hours to answer all ten questions; perhaps shorter for some students and more for others. 1. Please compare and......

Words: 2892 - Pages: 12

Premium Essay

Strategies Scm

... Table of Contents Q1. Tata steel has taken various strategies in the SCM to improve the performance of the organization. With reference to the Internet based information, discuss various strategic actions taken by this organization with regards to SCM to improve the finance and non- finance performance. 3 Introduction 3 Basic component Supply Chain Management 3 Plan 4 Source 4 Make 4 Deliver 4 Return 4 Supply chain management for logistic 5 Supply chain management for downstream 6 Tata Steel Strategic 6 Tata Steel supply chain logistic strategy 7 Tata Steel Supply Chain downstream strategy 8 Tata Steel finance improvement 9 Tata Steel non-finance improvement 9 Conclusion 11 Q2. Discuss various Supply chain activities (in relation to Lean Management) in a Toyota company in Danish Industries can learn and use for improved performance. 12 Introduction 12 What is Lean 13 Lean supply chain 14 Lean supply chain for Toyota Production System in Denmark 14 Value stream mapping 16 The VSM process 17 Performance improvement with implementation of VSM 17 Conclusion 19 Q1. Tata steel has taken various strategies in the SCM to improve the performance of the organization. With reference to the Internet based information, discuss various strategic actions taken by this organization with regards to SCM to improve the finance and non- finance performance. Introduction The Tata......

Words: 4491 - Pages: 18

Free Essay

Scm Project

...the finished product linking across supplier-user companies.” “Value Chain is the functions within and outside a company that enables the value chain to male products and provides services to the customer.” Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). Supply Chain Management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption (supply chain). Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory (with the assumption that products are available when needed). As a solution for successful supply chain management, sophisticated software systems with Web interfaces are competing with Web-based application service providers (ASP) who promise to provide part or all of the SCM service for companies who rent their service. Supply chain management flows can be divided into three main flos: • The product flow • The information flow • The finances flow The product flow includes the movement of goods from......

Words: 10328 - Pages: 42

Premium Essay

Zara Scm

...• La Maxe (METZ) 140 IKEA sales • The stores are systematically located in the main urban areas • Very close from Highways • The flows of the goods and customers are managed with precision : • The path the followed by the consumer inside the store is imposed • Self service storage for the customers 141 145 New kind of competitions: Supply chain concentration effects Discussion • List the potential reasons for suppliers concentration. • List all the potential effects the supplier concentration can have on a company purchasing strategy and supply chain organisation. • You can also mention the potential effects on the business of the company 146 SESSION5: SOURCING What is strategic sourcing Securing SCM through the sourcing process A process for Supplier identification, assessment, and qualification 147 What is strategic sourcing? 1 • Once the decision has been made to outsource a product or service, firms will typically use a process known as strategic sourcing to decide to whom to outsource the product or service, as well as the structure and type of relationship that should be established. • A sourcing strategy is typically focused on a category of products or services, category strategy is a decision process used to identify which suppliers should provide a group of products or services, the form of the contract, quality, and delivery arrangements that should be negotiated. 148 What is strategic sourcing? 2 •......

Words: 3508 - Pages: 15

Premium Essay

Scm Notes

...SCM Notes Chapter 5 Demand forecasting Note: Demand-how much you expect to sell in a specified period Slide 1: Data Matters—Video Data driven decision making Focused on how much data is out there All data is not relevant you need to focus on the data that is necessary and you need ot know how to separate that which is important. IBM- “A smarter planet” their quote 5 times as expensive to go get a new customer than to just keep the existing one Slide 2- Learning objectives You should be able to: -Explain the role of demand forecasting -Identify the components of a forecast -Be able to calculate the following forecast: -simple moving average forecast -weighted Moving Average Forecast -Understand the principles behind calculating: -exponential smoothing forecast -linear Trend forecast -Simple and Multiple regressions Note: for data forecasting you will use historical data to calculate future data Slide 3- The Role of Demand Forecasting -Designed to estimate future demand for planning -purchasing Decisions -Inventory decisions -production Decisions -Important to match supply with demand -Results of increased forecast accuracy -lower inventories -reduced stock-outs -smoother production plans -reduced costs -improved customer service Notes: purchasing needs to know how much to buy…or how much will be made in order to know how much to buy… need to know how much inventory to hold.. Production schedule--- how many units......

Words: 329 - Pages: 2

Premium Essay

Assignment for the Introduction to Scm

...Assignment for the Introduction to SCM Executive MBA program Joint AMS/IBS-M module in Moscow, December 2012 Professor Mikhail G. Zaytsev If you have an access to the database, containing information on inventory, orders that were placed on the company under consideration (it maybe the company you work for or any other company), or/and you can talk with people involved in the supply chain of this company, then • Briefly describe and analyze the supply chain • Consider whether the organization of the supply chain is close to traditional one (discussed in the class), or includes coordination and cooperation between supplier and customer; analyze whether it is subject (or can be subject) to negative influence of bullwhip effect, and if not, point out what in particular eliminates this influence • Consider what (and how) could be changed in the supply chain under consideration to improve its performance • Write brief essay (expected volume – 2-3 pages) If you are not involved now in the activities connected with supply chain, then revert to the Barilla case, look through the handouts you got in the class, and briefly answer the following questions: 1) What is the evidence that bullwhip effect greatly contributes to the huge fluctuations of orders placed on Barilla? 2) What makes Barilla think it can do a better job of generating orders and replenishing customer’s stocks than distributors themselves? Why not to teach distributors sound algorithm of......

Words: 643 - Pages: 3

Premium Essay

Scm Overview

...Supply chain management has been a fruitful course for all of us students. Being an electrical engineer, I wanted to learn about operations and supply chain management. The course of SCM has been really helpful in terms of gaining academic excellence in the subject. The Supply Chain Management course at National Institute of Industrial Engineering examines the theoretical and practical aspects of effective operations and supply chain management in a highly competitive global marketplace. Areas studied include supply chain strategy, forecasting competitive performance, globalization and supply chains, consumer response, promotions, and postponement. In addition, the programme looks at how successful operations management can shape the sales and profit ambition of a business. To equip managers and practitioners with the concept and practices of SCM which will help them deliver corporate success through a more efficient coordination with their suppliers, and customers. The program has been designed to suit the requirements of managers involved in SCM operational activities like procurement, production planning, logistics planning and sales & distribution planning, and strategic activities like vendor selection and management, SCM network optimization, and product/process re-design for SCM. The role of logistics and supply chain managers is progressively shifting from supply focused to demand focused owing to the increasing competitiveness of the business......

Words: 731 - Pages: 3

Premium Essay

Scm Globe

...End-of-term SCM Globe Summary paper Overview and learning objective: The personal experiences with simulation and modeling exercises are unique to an individual decision-maker. The goal of the Cincinnati Seasonings exercise is not the final outcome. Achievement is measured within the learning and accomplishments as a student evaluates options, selects an action plan, monitors results, and makes further adjustments. In a continuous improvement model, this approach is the "plan-do-check-act" cycle. During week 10 as the simulation draws to a close, the paper is an opportunity for each student to perform a personal assessment of what went well and the aspects that could be future improvement areas as that person approaches future logistics network challenges. Students will share their papers in a conference and peers will have an opportunity to compare their learning achievement with others. I. Introduction A. Overview of Cincinnati Seasonings - provide a narrative about the company and its business goals and objectives. This information is based upon the user manual. B. The initial supply chain scenario- describe the supply chain as of Week Two when the simulation exercise began. This includes the starting parameters and network configuration. II. Accomplishments (these are the aspects reflecting your own contributions towards stabilizing and improving the supply chain) A. What went well - what aspects of the simulation results were favorable? These were your major......

Words: 573 - Pages: 3

Premium Essay

Scm Management

...advantage you need to strengthen your whole supply chain (the extended supply chain) and turn-it into a value chain. Converting supply chains into value chains is a powerful strategy. Supply chains consist of weak bonds and can be broken easily by a new supplier. Value chains are made of strong bonds and are harder to break. Also, Supply Chains generally include activities like, Inbound logistics, Operations, Outbound logistics, Marketing and Sales, Customer Service. These activities are generally categorized under primary activities of value chain. Support activities of value chain include infrastructure, HR, Technology development. SCOR Model SCOR: Supply Chain Operations Research SCOR Process: Plan, Source, Make, Deliver and Return. Types of SCM 1. Vertical Chains: refers to practice of brining the supply chain inside one organization. Eg: Henry Ford pursued a strategy of owning and controlling as many links in the automobile supply chain as possible. The primary benefit of vertical integration is control. 2. Horizontal Chains: Control will be in different hands of ownership. The major challenge in horizontal chains is integration. Horizontal chains are the way of world now. The primary benefit of these chains is, they will help in achieving economies of scale of scope. --Krishna: IM12 Associate Consultant @ SAP ☺ Demand Planning Determining how much to produce would be a simple matter if demand were stable. It isn’t. Demand is a moving target. Sources of Demand......

Words: 2365 - Pages: 10

Premium Essay

Scm Analysis of Lyrics Group

...FINAL PROJECT OPERATIONS MANAGEMENT SUBMITTED TO ADEYL KHAN (Ayn) LECTURER, SCHOOL OF BUSINESS NORTH SOUTH UNIVERSITY SUBMITTED BY HASAN MONJURUR RAHMAN 092 0429 030 IMROJ AMAN 092 0521 030 USSAMA ABU SAYEED 091 0519 030 NAZIA HOSSAIN 091 0232 030 PRANTAR DAS ANOY 092 0227 030 4/13/2012 Letter of Transmittal 13 April, 2012. Adeyl Khan Faculty, School of Business, North South University. Dear faculty, We are pleased to present you this Group Assignment on “identifying operational problems of Lyric Group”. It includes the overall operational problem of Lyric Group Pvt. ltd. and solution of a problem. In order to prepare this paper, a lot of obstacles have come in our path but we tried to gather information as much as possible through different sources. In the end, it can be said that the experience that we have gathered to prepare this paper was extraordinary. We personally thank you for giving us the opportunity to prepare this assignment which has brought to us a lot of nice experiences. Thank You! Your Sincerely HASAN MONJURUR RAHMAN 092 0429 030 IMROJ AMAN 092 0521 030 USSAMA ABU SAYEED 091 0519 030 NAZIA HOSSAIN 091 0232 030 PRANTAR DAS ANOY 092 0227 030 2 Acknowledgement I would like to pay my sincere gratitude to almighty Allah for giving us adequate patience and knowledge to prepare this project about identifying a operational problem and solution of that problem of a......

Words: 3495 - Pages: 14

Premium Essay

Dell Scm

...another typical and successful link in the Dell’s build-to-customer model is kitting. All the parts and components been delivered to one big plant for the assembly and test and after that go to boxes, ship and delivers to customers. It enhances the efficiency and effective for the Dell, and save the time for the delivery as a result that short the lead time. (Jeremy Ransford, Sean McElroy, Joanne Bloom, Kelly Mitchell, 2003) Customer satisfaction and service can contribute to a more sustainable and durable development than cost saving. Besides technology, information and measurement systems, the people issue has been found intractable and critical as the key linkage to collaborate supply chain management. And it regards as a barrier for SCM which need to take emphasis on it. “Significantly different business models and thinking styles of management”, is one of the distinctive solution to cover the barrier. What’s more, strategic SC vision, human factors concentrated, supply-based reduction and certification are also can be taken. And with the combination of the close customer relationship and supplier integration, it offer a more responsive market decreased product time and logistics cost reduction. (A. Gunasekaran, E.W.T Ngai, 2004) Kraljic classified the relationships or treatments of supplier into three categories—“exploit”, “diversify”, and “balance”, according to different roles the company playing compared to supplier(s)’ role in the marketing on different items.......

Words: 4588 - Pages: 19

Premium Essay

Scm Ford

...Operating in approximately 200 countries, Ford employed 370,000 workers and obtained significant revenues and profits from its financial services subsidiaries, core business had remained the design and manufacture of automobiles for sale on the consumer market. Operations before SCM was introduced In the past, The Ford Company managed to maintain its position ahead of its competitors by vertically integrating itself as it owned or controlled virtually every aspect of its business. Hence, Ford was able to eliminate inefficient delivery process and control the raw materials for mass production. Ford's mass production which led to mass profits and the company was able to buy and control its resources, everything from the mines and plantations that provided iron ore, coal, and rubber. This helped Ford to track the source of the problem quickly if something went wrong with one of its supplier and fixed immediately so not to slow production. However, until the 1970s when Japanese car manufacturers enter the competition, Ford lost its market share. Since the industry became more competitive and Japanese car manufacturers had took the lead with its more cost and time effective method How did they develop SCM? Ford is taking the Japanese model of outsourcing suppliers and others, and then applying it to its own operations to improve their performance. The main reason for this change is the fact that the current management structure is “unable to respond quickly to changing......

Words: 4035 - Pages: 17