Supply Chain Management in Business Operations : Assignment

Added on - 21 Jul 2020

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Supply ChainManagement
Table of ContentsINTRODUCTION...........................................................................................................................1TASK.............................................................................................................................................1CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
INTRODUCTIONSupply Chain Management is defined as the administration of activities related to supplychain in order to increase customer value and accomplish sustainable competitive benefits (Takoand Robinson, 2012). It is the management of flow of products and services, includes storage andmovement of raw materials, inventory and finished goods from manufacturer to end users. Itrefers to the creation, planning, implementation, monitoring and control of activities of supplychain with the aim of creating value, develop competitive structure, leveraging logistics all overthe world, adjust supply with demand & measure performance globally. It is concerned with riskmanagement and sustainability. In present report, the study is based on Whole Food Marketwhich is located in United Kingdom. It is a leading grocery store in organic and natural foodindustry and its product includes meat, prepared food, tea, cheese, seafood, bakery, wine,nutritional supplements, books , coffee, etc. It is first certified organic grocer which particularlypositioned itself in the super market segment of organic and natural food products. Logistic firmsmoves goods and services from point of origin to consumption so that, requirements ofcustomers can be meet. Logistics of physical goods includes integration of flow of information,material handling, manufacturing, packaging, stock, transportation and warehousing.TASKSupply chain managementIn business operations and management activities concept of supply chain management isused to organise and manage the flow of goods and services (Zegordi and Davarzani, 2012). It isa management which describe the management tactics, concepts, principle and theories subject toproduct and service management. This concept covers certain criteria like storage of rawmaterial, management of work in progress and finish goods, connections and networks withcreditors, debtors and suppliers, linkage with other business entities and channels to executeproducts and services to end customers.According to Michael supply chain management is an activity performed by organisationto maximize customer interest, value and involvement to attain sustainable and competitiveadvantage. It is an activity subject to product development, production, sourcing and logistics. Itworks as an information system in organisation to support and lead functional, operational and1
production management. It execute required information and details among these department tobuild an effective communication path.According to Christopher, (2016) supply chain management as a concept of logisticsmanagement. He tells that logistics is the process of strategically managing the procurements,movement and storage of materials (Christopher, 2016.). The concept of supply chain is focusedaround reducing the cost of products and services by managing the process of deliveringproducts and services to end customers. This concept is defined around competitive advantages,cost advantage and value advantage. This concept defines as a value chain which defines supplychain as a profit maximising tool to get competitive advantage.is a professor and author if e- business division, management school, university ofLiverpool, UK. Li defined the e-supply management in respect of manufacturing the productsand services. It defines the concept of supply chain as value chain. It is a process, in whichproducts and services are manufactured and supplied to customer by providing value addedservices (Myerson, 2012). Value added services includes product development and design,packaging, delivering to customer and post sale services. Li introduced information technologyin supply chain. Base of e-supply chain is e-business plans and approaches, executes front-endand back-end operations in supply chain by using web and information system.According to Paul Myerson, (2016) supply chain is a method which requires lean ideas,thoughts and creativity to access the supply chain process. There is a lean supply chainmethodology is defined in sequential form and it linkage of six sigma with supply chain isdescribed by the author. What are the major issues found in manufacturing process which affectthe supply chain. There is a definition of 'Waste' given in respect of minimize the consumptionlevel of raw material and maximize profitability. The logistic of Global supply chain alsodescribed and various areas are defined to identify the potential areas of wastage. Overall theconcept move around maximizing the profit by applying lean supply chain methodology andreducing the level of wastage.Donald Waters and Stephen Rinsler, (2014) edited the method of global logistics andsupply chain management system. They defined this concept in global context. What are thestrategic corporate decisions and how it influence the supply chain management and process.Global sales channels, talent shortages and cost pressure are types of issues which are tackled bylogistic managers of large and global business organisations. Dynamic changes can be seen in2
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