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Supply Chain Management Project

   

Added on  2020-11-23

13 Pages3704 Words452 ViewsType: 452
Business DevelopmentData Science and Big Data
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Supply Chain Management
Supply Chain Management Project_1

TABLE OF CONTENTEXECUTIVE SUMMARY.............................................................................................................1INTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3The importance of supply chain management for effective business function and factor toachieve supply chain strategy.................................................................................................3Assessing the need to maintain supplier relationship, and starting a supplier relation system inorganisation............................................................................................................................5Factors considered in making strategy to improve supply chain...........................................6The ways to improve supply chain of organisation with justification....................................8TASK 2............................................................................................................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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EXECUTIVE SUMMARYSupply chain management plays the crucial role in an organization and includes a processof transforming a raw material into finished product Arcadia Groups is the fashion companywhich includes clothing, accessories, shoes with 8 individual brands, more than 2500 outlets inUK and has the headquarter in London, UK. The present reports is about supply chainmanagement system of Arcadia. Present report dictates Importance of supply chain managementfor the effective business function. Further, report will discuss about needs to maintain goodsupplier relationship and importance of having supplier relation system in Arcadia Groups.Report also mentioned the factors considered while making strategies to improve supply chain. Apresentation has been made which shows the importance and uses of logistics in supply chain.The presentation evaluates different strategies and procedures of procurement in Arcadia Groups.Different inventory control techniques like just in time, FIFO and LIFO and economic orderquantity are discussed in presentation.Supply chain management is an important process for an organization. Supply chain networkfollows a path started with purchasing of raw material to manufacturing and delivers the finishedgoods in retail shops and completed with delivering of the final product at customers place. Inthe above is about the Arcadia Groups Ltd. which is a fashion company with more than 2500outlets in UK. Further, report will discuss the need and important of supply chain managementfor Arcadia groups. Maintaining healthy relationship with supplier is very important for businessfor smooth working of its supply chain. The present reports shows needs to maintain goodrelations with a supplier. Present reports provides different ways from which Arcadia Groups canmaintain a good supplier relation system in company. The reports concluded different factors to be concluded while making strategies toimprove supply chain like location and transportation decisions, product type of company,inventory control methods and distribution strategies. Minimizing cost and maximizing revenueis the objective of every organization. An effective supply chain will help in reducing cost ofinventory and meeting demand of customers at right time. The report mentioned various ways toimprove the supply chain of Arcadia Groups. Present report enclosed with a presentation which included use of logistics managementin supply chain with examples. Logistic management is a short part of supply chain managementwhich started from purchasing raw material and ends with delivering ultimate products. There1
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are many factors which should be considered to improve the logistic and procurement by ArcadiaGroups. Various inventory control techniques which Arcadia should apply to minimize theinventory cost. The report concluded different techniques or methods like just in time inventorysystem, last in first out (LIFO) method, First in first out (FIFO) method..2
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