Strategic Supply Chain Management and Logistics Essay

Added on - 21 Jul 2020

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Strategic SupplyChain Managementand Logistics
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1...........................................................................................................................................11.1 The importance of supply chain management in achieving organizational objectives...11.2 The link between supply chain management and business functions.............................21.3 The key drivers for achieving an integrated supply chain strategy in an organization....3TASK 2..........................................................................................................................................32.1 The effectiveness of Strategies used by an organization to maintain supplier relationships.................................................................................................................................................32.2 Information technology to create strategies to develop an organization’s relationship withits suppliers.............................................................................................................................42.3 Develop systems to maintain an Organization’s relationship with it Suppliers...............5TASK 3...........................................................................................................................................53.1 Information technology could assist integration of different parts of the supply chain of anorganization............................................................................................................................53.2 The Contribution of information technology and management of supply chain.............63.3The effectiveness of information technology in managing the supply chain of anorganization............................................................................................................................7TASK 4............................................................................................................................................84.1 Role of logistic in supply chain management in organisation..........................................84.2 Evaluate procurement practices within an organisation...................................................94.3 Factors that must be consider when improving logistics and procurement in anorganisation............................................................................................................................9TASK 5.........................................................................................................................................105.1 Strategy to improve organisation supply chain.............................................................105.2 The benefits of supply chain improvement strategy on business performance in anorganisation..........................................................................................................................115.3 Barriers will be overcome in an organization through implementing a supply chainimprovement strategy...........................................................................................................11CONCLUSIONS............................................................................................................................12
REFERENCES..............................................................................................................................13
INTRODUCTIONSupply chain management is very wide concept in commerce, it describes as the flow ofgoods and services which involves movement related with storage of raw material, movement offinished products and services form point of origin to consumption, movement of work inprogress inventory (Christopher, 2016). The term logistics is considered as combination ofvarious activities that are adopted by any organization or company, in which productdistribution, manufacturing and procurement are included. Supply chain refers as a system offirms, information, data, people, resources and activities in order to moving s good or servicefrom final supplier to final customers. A.A. Turki Group is also known as ATCO, it is adiversified business group and its headquarter is in Dammam in Soudi Arabia and active since inthe mid year of 1950s. The company is owned by Abdulrahman Ali Al- Turki, who is mainlyfocused on expanding their business activities at very large scale. The whole company hasvarious joint ventures, stand-alone companies and different division. It conduct various kind ofdifferent activities such as trading, retail, construction, tourism, chemical, IT service, material ofconstruction and many others.This report contains the study about importance of effectivesupply chain management in attaining organisational selected goals and objectives. This reportalso helps in evaluating the link among supply chain management and business function in abusiness. Various key drivers which are integrated in achieving effective supply chain strategyfor well-being of business and its activities. The effectiveness of strategies which are applied bya company in order to maintain their relationship with suppliers. Various things that are relatedwith information technology, logistic supply chain management, the role of logistics in supplychain management will also be discussed in this report.TASK 11.1 The importance of supply chain management in achieving organizational objectivesSupply chain management plays most essential role in every business organisation. It isusually an important component to detailed efficiency. It is the most integral part of any businessorganisation and plays most significant role in organisational growth and success. It is widelyused by organisations in order to achieving their cited goals and objectives. Every business firmis mainly focused on fulfilling the requirements of customers for gaining more profit and success1
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