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The SUPPLY CHAIN INTRODUCTION

   

Added on  2020-01-23

15 Pages4982 Words500 Views
Business DevelopmentPolitical Science
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SUPPLY CHAIN
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Supply chain strategies...........................................................................................................1TASK 2............................................................................................................................................3E-commerce and information system.....................................................................................3TASK 3............................................................................................................................................5Outsourcing............................................................................................................................5TASK 4............................................................................................................................................7Supply chain relationships......................................................................................................7TASK 5............................................................................................................................................8Supply chain improvements...................................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONThe supply chain can be defined as the organised system of people, activities,organisations and different resources which are included in the process of moving any goods orservice from any supplier to the customers. It includes a range of different functions throughwhich the raw materials are transformed into finished products so that it can be delivered as anend product to the final consumers. It is a long chain of process in which the involved partiesmay face a number of complexities (Hugos, 2011). The present report is based on the discussionabout the concept of supply chain. The chosen industry for this purpose is retail industry wherethey deal in a number of grocery products. For accomplishing the purpose of supplying the endproducts to final consumers, the retail companies have to execute different functions according towhich several issues can be faced. Some of these issues can be in outsourcing, informationsystems, maintaining relationships etc. The present report will be discussing over all of theseissues and the supply chain strategy which are followed by the retail firms in detail. Besides this,various significant functions and issues of in the entire process will also be talked about in thecurrent report. TASK 1Supply chain strategiesThe past years in the retail market has shown up various fluctuations as a result of theeconomical inflation situations. Besides these fluctuations, there is a huge volatility in thedemands of customers, prices of raw materials, fuel and other related products (Luthra and et.al.,2011). As a result, the executives in supply chain management are responsible for manyfunctions and to perform in efficient ways that can help in reducing the costs. The pressure onsupply chain executives are more as they have to make efforts for developing the efficient andcustomer centred approaches which are helpful in getting the minimum cost of operations. Thus,the managers of such retail firms are trying to set all the projects on priority basis so as to bringreduction in the cost of inventories and logistics. In this, process, the managers are required todevelop some concrete strategies that can help in ameliorating the pressures and being ready foradopting the changes that may come in near future. Thus, several strategies can be developed inthis regard for managing a better supply chain through below mentioned plan of action:1
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