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Supply Chain Management Introduction

Supply chain management involves coordinating the flow of goods from raw materials to end users. It aims to reduce costs and meet customer demands efficiently. The key components of supply chain management are planning, sourcing, production, delivery, returns, and support activities. The overall goals are to minimize expenses, create value for customers, and exceed their expectations through collaborative partnerships across the supply chain.

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86 views12 pages

Supply Chain Management Introduction

Supply chain management involves coordinating the flow of goods from raw materials to end users. It aims to reduce costs and meet customer demands efficiently. The key components of supply chain management are planning, sourcing, production, delivery, returns, and support activities. The overall goals are to minimize expenses, create value for customers, and exceed their expectations through collaborative partnerships across the supply chain.

Uploaded by

Geraldine
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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INTRODUCTION TO

SUPPLY CHAIN
MANAGEMENT
Presented by Ms. Rose Ann Ramos-Micu
What is supply chain management?
◦ Supply Chain Management is known as as the management of movement of products and services, which begins
from the starting point of products and ends at the product’s consumption.
◦ It also comprises movement and storage of raw materials that are involved in work in progress, inventory and fully
furnished goods.
◦ Supply chain management is the combination of supply and demand management. It uses different strategies and
approaches to view the entire chain and work efficiently at each and every step involved in the chain.
◦ It is a process participated by each units with the goal of cost minimization by reducing the unnecessary
expenses, movement and handling; long term performance improvement while also creating value
Benefits of Supply Chain Management
• Develops better customer relationship and service.
• Creates better delivery mechanisms for products and services in demand with minimum delay.
• Improvises productivity and business functions.
• Minimizes warehouse and transportation costs.
• Minimizes direct and indirect costs.
• Assists in achieving shipping of right products to the right place at the right time.
• Enhances inventory management, supporting the successful execution of just-in-time stock models.
• Assists companies in adapting to the challenges of globalization, economic upheaval, expanding consumer
expectations, and related differences.
• Assists companies in minimizing waste, driving out costs, and achieving efficiencies throughout the supply chain
process.
Components of Supply Chain Management
Components of Supply Chain Management
1.Planning
◦ Planning is the starting point and most important
element of supply chain management. Planning starts
with the creation of action plan with the purpose of
proper management and plan of all required resources
in the organization to produce products and services to
meet the demand of customers.
◦ In planning stage ,tools and instruments are used to
determine the efficiency and effectiveness of the
organizational plan
Action Plan- The action plan is something that can be
used to provide a proper description of how your
organization will be able to meet the goals and objectives
that it has through some important and detailed steps.
Components of Supply Chain Management

Sourcing- Finding and choosing the right supplier to deliver material


and services that it requires to produce final products.
Components of Supply Chain Management
3. Making

The supply chain manager responsibility is to coordinate the activities of


production.
The example of these activities is accepting raw material, manufacturing products,
testing the quality of final products, discarding and recycling the stuff that does not
match the quality standards, packing the final products, and scheduling the final
delivery.
Components of Supply Chain Management
4. Delivering

◦ Also known as logistics.


◦ The delivery process is complex, and people choose your products
influenced by the quality and speed of your delivery.
◦ The delivery component of the supply chain management process
consists of activities like coordinating customers’ orders, scheduling
delivery, method of payment, dispatching deliveries, invoicing customers,
and receiving the payment.
Components of Supply Chain Management
5.Returning

◦ In this step, the organization returns the goods that are unwanted, defective, or in
excess quantity.
◦ The supplier should be willing to take back the products and scrap or recycle the
faulty products.
◦ In case the received products are surplus in volume, but in good shape, then it
should be returned to the warehouse for sale.
Components of Supply Chain Management
6. Enabling

◦ The supply chain requires different support processes to keep a check on the information
following through the supply chain process. Supply chain management should abide by
the regulations.
◦ The methods like Human resource, finance, IT, Portfolio management, facilities, 
product design, quality assurance, and sales are the essential processes of the enabling
process.
Goal of Supply Chain Management
• Supply chain partners work collaboratively at different levels to maximize resource productivity, construct
standardized processes, remove duplicate efforts and minimize inventory levels.
• Minimization of supply chain expenses is very essential, especially when there are economic uncertainties
in companies regarding their wish to conserve capital.
• Cost efficient and cheap products are necessary, but supply chain managers need to concentrate on value
creation for their customers.
• Exceeding the customers’ expectations on a regular basis is the best way to satisfy them.
• Increased expectations of clients for higher product variety, customized goods, off-season availability of
inventory and rapid fulfillment at a cost comparable to in-store offerings should be matched.
• To meet consumer expectations, merchants need to leverage inventory as a shared resource and utilize the
distributed order management technology to complete orders from the optimal node in the supply chain.
REFERENCES

◦ https://www.demandsolutions.com/ds-blog/abstracts/three-goals-of-supply-chain-manage
ment-explained/
◦ https://www.marketing91.com/supply-chain-management/
◦ https://www.tutorialspoint.com/supply_chain_management/
supply_chain_management_introduction.htm

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