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Fundamentals of Supply Chain Management

   

Added on  2020-06-06

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Supply Chain ManagementFundamentals(Part A)
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
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INTRODUCTIONSupply chain management demonstrates those exercises which are connected to supplychain; therefore, an organisation will accomplish requirements of clients and in addition willobtain competitive benefits from rivals at marketplace (Gattorna, 2017). This is considered asmanagement of items' flow; this will comprise movement of crude material, stock and productsfrom producers to customers. This project is based on Wesfarmers which is a retail store andestablish in Australia. By managing supply chain system, they will be able to fulfil demands andneeds of individuals within limited period of time. This assists them to maintain brand image inmarket as well.TASKAccording to Hugos (2018), supply chain management is considered as an integrativemethod which will include entire stages that help to complete desires of consumers. This istermed as business process which through which supplier will offer items and services toindividuals that add some value for clients. It will help to take benefits from contenders atmarketplace. Henceforth, it has been understood that, this procedure will help an association toobtain growth as well as success. In addition to this, they will be able to satisfy purchasers in aneffective manner. In context of Wesfarmers, they are using supply chain management; therefore,they will be able accomplish needs and wants of customers by providing items to them as pertheir requirements. They are offering goods across the nation to individuals timely, this assiststhem to maintain their customer base in an effective manner. Each client want qualitative products from firm as per their desires, it was stated byBrindley (2017). Therefore, it is required for company maintain proper stock so that they willrender merchandise within specific time limit. This is essential for affiliation to provide after saleservices to customers which aid in maximum satisfaction. In this manner, they will enhance theirrevenues and market share in an effective and efficient manner. As indicated by Genovese and et. al. (2017), supply chain management is a significantaspect of logistics administration. It is considered as an important procedure which is associatedwith strategically managing storage and in addition procurement of material. Fundamental aimof SCM is to reduce unwanted cost of items and in addition services. For this, superior ofcompany needs to manage overall delivering procedure of goods to clients. As a result,Wesfarmers will easily take benefits from contenders at marketplace. Thus, it get concluded that1
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