Strategic Supply Chain Management & Logistics Assignment

Added on - 29 Apr 2020

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Running head: STRATEGIC SUPPLY CHAIN MANAGEMENT & LOGISTICSStrategic Supply Chain Management & LogisticsName of the StudentName of the UniversityAuthor Note
1STRATEGIC SUPPLY CHAIN MANAGEMENT & LOGISTICSTable of Contents1.0 Introduction..................................................................................................................22.0 Discussion...................................................................................................................22.1 Importance of supply chain management................................................................22.1.1 Importance of effective supply chain management in achieving organizationalobjectives....................................................................................................................22.1.2 Link between supply chain management and business functions in anorganization.................................................................................................................32.1.3 Key drivers for achieving an integrated supply chain strategy in anorganization.................................................................................................................32.2 Effectiveness of supply chain management strategies............................................42.2.1 Effectiveness of strategies used by Landmark to maintain supplierrelationships................................................................................................................42.2.2 Utilizing information technology to create strategies to develop anorganization’s relationship with the suppliers.............................................................42.3 IT in supply chain management...............................................................................52.3.1 Assistance of information technology integration of different parts of thesupply chain of an organization..................................................................................52.3.2Contribution of information technology in the management of the supplychain of an organization..............................................................................................62.3.3Effectiveness of information technology in managing the supply chain of anorganization.................................................................................................................62.4 Role of logistics in supply chain management.........................................................72.4.1 Role of logistics in supply chain management in an organization.....................72.4.2 Procurement practices in an organization.........................................................8
2STRATEGIC SUPPLY CHAIN MANAGEMENT & LOGISTICS2.4.3 Factors that must be considered when improving logistics and procurementpractices......................................................................................................................82.5 Strategy to improve supply chain management.......................................................92.5.1 Strategy to improve an organization’s supply chain..........................................92.5.2 Benefit from supply chain improvement strategy overall business performancein an organization........................................................................................................92.5.3 Overcome the barriers by implementing a supply chain improvement strategy..................................................................................................................................103.0 Reference List............................................................................................................11
3STRATEGIC SUPPLY CHAIN MANAGEMENT & LOGISTICS1.0 IntroductionOrganizations uses supply chain management system in order to maximize theirefficiency and speed and optimizing the operational functionalities. Christopher (2016) statedthat organization value speed in business as customer always prefers fast service. However,Stadtler (2015) argued that if an organization only considers on speed, the quality of thebusiness operation might get compromised and thus efficiency is equally important. Thus, formaintaining both the speed and efficiency implementation of supply chain management systemis required. The main function of supply chain management process is the storage andmovement of both work- in- progress goods and final products fro manufacturing site to thepoint of consumption.In this business report, the supply chain management process and a plan for effectiveSCM strategies will be discussed. The organization hat is taken into consideration is LandmarkGroup in United Arab Emirates. The major operations of this group is retailing of apparel,cosmetics, electronics products, footwear and other home improvements. In this businessassessment, the importance of effective supply chain management will be illustrated along withthe link between SCM and business functions, key drivers for integrated SCM strategy andincorporation of information technology in the SCM. This business report will also address therole of logistics in supply chain management and procurement practices in supply chain.Effective strategies will also develop to improve the SCM and the benefit of overall businessperformance will also be elaborated. Lastly, explanation for how a well implemented supplychain improvement strategy will overcome the barrier of business functions will also beaddressed.2.0 Discussion2.1 Importance of supply chain management2.1.1 Importance of effective supply chain management in achievingorganizational objectivesJacobs and Chase (2013) stated supply chain management directly or indirectly fulfillstheir demands and assure that they can get their products on time. Tayuret al.(2012) alsohighlight that the major stakeholders in SCM are manufacturer, marketers, warehouses,transporters, retailer and lastly the consumers. The prime aim of SCM is to maximize the overall
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