Report | Strategic Supply Chain Management and Logistics
27 Pages6192 Words64 Views
Added on 2020-03-28
Report | Strategic Supply Chain Management and Logistics
Added on 2020-03-28
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Strategic Supply Chain Management and Logistics
Running Head: ReportExecutive SummaryThis report aims at highlighting the supply chain management and logistics at Ahmed Seddiqi& Sons. The report is conducted is order to understand the notion of supply chain management in the organization. The sound knowledge regarding the concept and its importance in the management of the organization is depicted. The supply chain managementis considered to be the most significant aspect of the organization. The organization chosen toillustrate this study is the largest and leading retailer of luxury Swiss watches. The complete study will highlight the subject of supply chain management by using the examples of the concerned organization. The significant change and management in the supply chain management will also be illustrated. The role of technology in the supply chain management and logistics will be clearly defined. There are numerous learning outcomes of this study. Thestudy emphasizes on various findings and based on the findings of the study, recommendations are also stated. The report holds a relevant and proper conclusion in order to prove the best results of the study conducted. This report is prepared in such a manner, which can be used by the other researchers in the near future. The study is conducted with thebest of information and interest, which has given good results and can be used as a help for the reference on the similar topic in future.1
Running Head: ReportContentsSupply Chain Management & Business objectives................................................................................3Importance of Supply chain Management.........................................................................................4Link Between business functions & SCM.........................................................................................5Key drivers to SCM...........................................................................................................................7Use of IT for optimise supplier relationships.........................................................................................9Effectiveness of Strategies.................................................................................................................9Use of Information Systems............................................................................................................10Systems to maintain supplier and organization relationship............................................................11Role of Information Technology in SCM............................................................................................12Integration of activities through IT..................................................................................................12Contribution of IT in SCM..............................................................................................................14Effectiveness of IT in managing supply chain.................................................................................15Logistics and Procurement practices...................................................................................................16Consideration of factors...................................................................................................................17Strategy to improve supply chain........................................................................................................18Benefits of Supply chain strategy....................................................................................................19Overcoming the barriers..................................................................................................................20Findings & Recommendations.............................................................................................................21Conclusion...........................................................................................................................................22References...........................................................................................................................................232
Running Head: ReportSupply Chain Management & Business objectivesThe supply chain refers to the integration of all the business activities that help in the movement of goods and products from the place of production in the market. The supply chain management refers to the process of managing the manufacturing, warehousing, purchasing, transportation and the physical distribution of the product into a seamless process. Today, the supply chain management has changed a bit and include the services like operational analysis, inventory management, computer and information systems, warehousing and design material handling. The supply chain at the Ahmed Seddiqi & Sons organization is very strong. Since, they deliver high quality products in more than 52 locations, they strongly require a supply chain management that helps in delivering their products to their clients. The aim of expansion can only be fulfilled by the integration of an effective supply chain management in the organization. The supply chain management has a strong and close link to the business objectives of the organization [ CITATION LiS06 \l 1033 ]. The SCM is such a tool that helps in achieving the corporate strategic goals of any organization. The supply chain management helps in achieving the organizational objectives by molding the activities according to the needs and goals of the organization. SCM practicescontribute to the organizational objectives. Likewise, the Ahmed Seddiqi & Sons have certainbusiness objectives like:Diversify in the various regions as the leading retailer of Swiss watches.To build good employees and employer-employee relationships.To provide and exclusive shopping experience.To continuously provide the highest quality services to the brands.To attain the highest level of customer base across the world.3
Running Head: ReportThe supply chain activities like manufacturing the best quality watches, employee and customer relationship management, proper warehousing of the watches till the demand is raised across the regions, providing the best designed watches to the customers with the help of accurate physical distribution channels will all help in gaining the business objectives of Seddiqi & Sons. Thereby, it can be clearly stated that supply chain management is must for an organization to develop in its workplace as it leads to various benefits along with the achievement of the corporate business goals [ CITATION SZi00 \l 1033 ]. In order to have a better insight, this part of the report contains the significance of supply chain management in achieving the organizational objectives.Importance of Supply chain Management The supply chain management helps in coordinating all the functions of various departments in the organization. The coordinated activities of the organization help in achieving the organizational goals. The SCM helps in maintaining good relations within and outside the organization [ CITATION Ahm17 \l 1033 ].The sound SCM in the organization has the potential of achieving competitive advantage. By developing a link between the supply chain functions and the strategy of the organization, the4
Running Head: Reportdemands on the supply chain can be fulfilled. The overall organizational performance can be improved with the help of sound supply chain system.The SCM helps in removing all the lean practices that causes hindrance in achieving the goals of the organization. The organization incurs a profitable growth with the help of supply chain practices in the organization. The SCM also helps the firm in achieving the corporate goals like accelerating the cash cycles, reducing the working capital, increasing the inventory turns and etc. This also helps in increasing the sales of the organization by better physical distribution of the goods to the market and consumers.The Ahmed Seddiqi & Sons must contribute to the establishment of a sound and effective supply chain management at their organization in order to achieve more and more of organizational objectives [ CITATION Hof06 \l 1033 ]. Link Between business functions & SCMThe other aspect of the study states about the link between the business functions and SCM. The major five business functions that are somehow linked with the SCM are the organizing function, marketing function, finance, production and employement function. The organizing function is backed by SCM, as SCM helps in performing the tasks in the firm according to the need and time and in correct process The SCM is duly performed as organizing helps in maintaining the men and material at the right place, which does not cause any hindrance while performing the logistics functions [ CITATION LSt15 \l 1033 ].The marketing function is helped since the SCM managers study the customer needs and accordingly the strategy to market the product is opted. The SCM supports the marketing function by giving the complete detail of what is available and not in the firm in order to fulfil the market demands 5
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