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Supply chain management system of PRAN Foods Ltd

   

Added on  2022-01-19

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Ahsanullah University of Science and Technology
Assignment on “Supply chain management system of PRAN Foods Ltd.”
Submitted To:
Mohammad Hafez
Assistant professor
School of Business
(BBA program)
Submitted By:
Md Sajjad Hossain Kurban
ID: 170202077
Section: B
Year: 4th year 1st semester
Supply chain management system of PRAN Foods Ltd_1

Table of Contents
Abstract:......................................................................................................................................................3
Introduction:...............................................................................................................................................4
A supply chain is a group of suppliers that work together to generate a single product for a firm. The
chain is made up of nodes or "links" that can include various producers for parts, the finished product,
the warehouse where it is held, the distribution centers where it is distributed, and ultimately the shop
where a customer can buy it. The chain idea is crucial since each link is connected in a certain direction
and sequence, and you can't get to the next one without traveling via the previous one. Each connection
increases the amount of time and money spent, and may include labor, parts, and transportation. Every
product a firm sells may have its own supply chain, even if it may utilize some of the same suppliers
(leonard, 2020)............................................................................................................................................4
Importance of Supply Chain Management:.................................................................................................4
Objectives of the study:...............................................................................................................................5
Broad Objective:......................................................................................................................................5
Specific Objectives:..................................................................................................................................5
Supply Chain Management:........................................................................................................................5
Divers of Supply Chain Management...........................................................................................................5
Facilities:..............................................................................................................................................5
Inventory:............................................................................................................................................6
Transportation.....................................................................................................................................6
Information..........................................................................................................................................6
Sourcing...............................................................................................................................................6
Pricing..................................................................................................................................................7
Overview of PRAN Foods Ltd.......................................................................................................................7
How to manage SCM drivers by PRAN Foods Ltd.:......................................................................................7
How to achieve strategic fits.......................................................................................................................9
References.................................................................................................................................................11
Supply chain management system of PRAN Foods Ltd_2

Abstract:
The process of bringing a product or service to a consumer via a network of firms and suppliers
is known as the supply chain.
This co-relation presents Pran Foods Ltd. SCM tools and practices. Production management,
planning, design, and construction, as well as business drivers, are all essential components of
SCM. SCM, like other organizational disciplines such as structural or process engineering,
accounting, and materials management, has a champion who can promote ideas across
disciplines and organizational boundaries. Operating from a few locations and centralizing tasks
can help you save time and money. Stocking items in several places near consumers can help
boost response. Stocking goods in a few strategic locations may also result in cost savings and
economies of scale. This logistics of Pran Foods Ltd. is most commonly used by supply chain
management when importing or exporting materials or finished goods at the destination point.
However, there are three options for bringing or shipping goods: air, sea, and road. After
deciding which method is ideal for bringing the products, consider how urgent or emergence the
goods are, as well as the lead time, before deciding on the best method.
Supply chain management system of PRAN Foods Ltd_3

Introduction:
A supply chain is a group of suppliers that work together to generate a single product for a firm.
The chain is made up of nodes or "links" that can include various producers for parts, the
finished product, the warehouse where it is held, the distribution centers where it is distributed,
and ultimately the shop where a customer can buy it. The chain idea is crucial since each link is
connected in a certain direction and sequence, and you can't get to the next one without traveling
via the previous one. Each connection increases the amount of time and money spent, and may
include labor, parts, and transportation. Every product a firm sells may have its own supply
chain, even if it may utilize some of the same suppliers (leonard, 2020).
A supply chain involves a series of steps involved to get a product or service to the customer.
The steps include moving and transforming raw materials into finished products, transporting
those products, and distributing them to the end-user. The entities involved in the supply chain
include producers, vendors, warehouses, transportation companies, distribution centers, and
retailers.
A supply chain is a network between a company and its suppliers to produce and
distribute a specific product or service.
The entities in the supply chain include producers, vendors, warehouses, transportation
companies, distribution centers, and retailers.
The functions in a supply chain include product development, marketing, operations,
distribution, finance, and customer service.
Importance of Supply Chain Management:
When supply chain management of a business is effective, profitability increases with cost
reduction. For an effective supply chain management, you require a lot of skills and expertise to
ensure every operation in the chain works properly. If a single chain fails, then cost increases that
lower the profitability of the business. So supply chain management is the most important part of
a business. Now let us learn different ways to improve the supply chain management system to
reduce cost and increase profitability.
Improving Inventory Management
Improve Supply Chain Management
Reconsider Your Distribution Network
Supply chain management system of PRAN Foods Ltd_4

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