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Global Supply Chain Management PDF

   

Added on  2020-10-22

13 Pages3974 Words308 Views
GLOBAL SUPPLY CHAINMANAGEMENT-1

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Design and implementation of supply chain strategies within the sector...................................1Organisation configure their supply chains through collaboration, lean principles and agility..3Utilisation of advanced technology by companies to maintain competitive advantage.............5CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONGlobal Supply Chain Management is considered as the dynamic and worldwide networkused by companies to manage its business operations from overseas. It generally includes people,process, resources and information for handling, purchasing and distribution of materials orfinished goods and even for providing services to target markets. Supply chain strategies areconsidered as the iterative process which focus on evaluating the cost- benefits trade-offsregarding operational components. Retail industry aims at effectively managing their supplychain so that they can grow and develop in global markets. The present report is based onimplementation and design of supply chain strategies of business with industry. The report alsoexplains about how organisation configure business supply chains through using lean principles,agility and collaboration. Report further explains about the use of advanced technology withinbusiness organisation for maintaining competitive advantages. MAIN BODYDesign and implementation of supply chain strategies within the sector Supply chain management can be defined as integrating various key business operationsstarting from raw-material suppliers through customers which provides provides information,final goods or services that adds value for end users and various other stakeholders (FossoWamba and et.al., 2018). The supply chain comprises all the businesses and individualscontributors who are involved in manufacturing or creating products, transforming raw materialsinto finished products. The design and implementation of supply chain industries within retailindustry is in such a way that it aims at controlling quality of products, manage inventory levels,timing and cost expenses. The retail industries aim at adopting to suitable organisationalstructure and also suitable partnership relationship in global supply chain management so that itcan improve competitive advantage and also increase its leadership in the global markets.The design of supply chain management of retail industry refers to the process throughwhich industry manages its supply chain for identifying the right balance between transportationand inventory cost. The retail industry designs its supply chain in a way that it can match demandand supply under uncertainty through effectively positioning and managing the stock andutilising resources in global and dynamic environment. The capabilities of company's supplychain needs to be aligned with strategies of business in order to bring out the best and superior1

performance and make strong market position. The retail industry aims at designing its supplychain management in a way that creates efficiency, increases profits, lower down the cost, boostscollaboration, reduce losses and damages in transportation and many more. The retail industries makes use of Supply Chain Operations Reference (SCOR) model inorder to address, modify and communicate effectively with supply chain managementjudgements and decision making within company, with suppliers and also with end customers(Supply Chain Strategic Decisions, 2004). This model describes about processes which arerequired for satisfying the demands of customers. It helps in explaining the processes alongwhole supply chain and also provides basis for improving those processes. The retail industriesmakes use of the SCOR model for making supply chain management's strategic decision makingand its implementation. This framework majorly focus on five areas of supply chainmanagement, i.e., plan, source, make , deliver and return. The first step of model includes balancing different resources with requirements and alsodetermining communication on entire supply chain. Plan also involves determination of rules formeasuring the efficiency of the supply chain. The retail industries rules and plans are based onspan inventory, financial plan, transportation, regulation compliances, etc. Source step of this model describes about managing inventory, supplier network,agreement with suppliers and their performance. This step focuses on handling payments ofsuppliers regarding when to receive, verify and finally transfer of products (Tiwari, Wee andDaryanto, 2018). Make step refers to manufacturing and production activities, packaging, staging ofproducts and releasing. Retail industries are generally not involved in the manufacturing orproduction process.Deliver involves warehousing, order management, inventory and transportation. Theretail industries focus on receiving orders from end customers and invoicing them when productis received. This step includes management of stock or finished goods, transportation, productlife cycles and also includes importing and exporting requirements. Organisation needs to be also prepared for handling the return containers or defectiveproducts. The return step of SCOR model includes management of business regulations, returnstock or inventory, transportation and various regulatory requirements.2

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