Analysis of Global Supply Chain Management Practices and Strategies

This report provides an overview of global supply chain management, examining current practices and strategies employed by businesses, with a particular focus on the Chartered Institute of Logistics and Transport (CILT). The report discusses the importance of aligning staff, utilizing technology, mai...Read More

Global Supply Chain
Management and
Logistics

Executive summary
This report involves the management of supply chain business. various practices are
included in this report which will helps in managing the supply chain in organisation so that
smooth functioning can be maintained and goodwill can be earned in the business. Importance of
various practices of supply chain management is also discussed in this report so that its effect on
the business can be analysed effectively .

Table of Contents
Executive summary.......................................................................................................................................2
Introduction.................................................................................................................................................3
Main Body...................................................................................................................................................4
Discuss the current supply chain management practices and strategies...................................................4
Use theoretical methods, select the most appropriate set of supply chain management practices......................7
Conclusion...................................................................................................................................................8
References...................................................................................................................................................9

Introduction
Global supply chain network helps the business in delivering the goods and services of
the business to the buyers on time so that there requirement can be fulfilled properly in the
marketplace if the business will not enhance its services effectively then it can affect the image
of the company goodwill of the business in the market due to which organisation can face loss in
the future. Global supply chain management helps in delivering the goods to the customers
across the geographical boundaries so that goals of the business can be achieved effectively in
the market. it helps in improving the quality controls of the business so that effective production
can take place in the market and more can be earned. If the business will proper raw material for
the manufacturing of goods and services then it will helps in increasing the revenue generating
power of the business in the market. availability of raw material is very important it helps in
increasing the production process of the business which further helps in enhancing the services
of the business in the market.
Chartered institute of logistic and transport is one of the best global supply chain organisation. It
was founded in 1999 its headquatered in London Uk. It helps the businesses in transferring their
goods and services from one place to another so that profit of the business can be increased in the
market and more profit can be earned. This organisation helps in transferring the finished goods
to the user so that growth of the economy can take place effectively in the market. the main aim
of every organisation is to satisfy its customers by the services which they are providing so that
growth of the business can take place effectively in the market. In this report it will analysed that
how supply chain network helps in the growth of the economy (Oner, 2018).
Main Body
Discuss the current supply chain management practices and strategies
Supply chain management is very important in the business for the long term survival of the
business because supply chain network helps in finishing the goods and delivering the goods on
time if the organisation will not guide its employees regarding the management of supply chain
then it can affect the growth chances of the business in the market due to which company can
face big loss in the market. Below are the supply chain management practices which are adopted
by the business:
 Proper alignment of the staff: In the supply chain management well skilled employees are
required to manage the functioning of the supply chain organisation should hire the well
the skills in the business and should also provide training to them so that there
performance can be enhanced and more profit can be earned. If the employees will not
have proper skills and knowledge then it can affect the functioning of the business in the
market which can affect the revenue generating power of the business there hiring the
well skilld in the business is very important organisation should divide the employees in
different department as per the skills so that best outcome can take place.

 Use of best technologies: organisation focus to using advances technologies in the
business to train and guide its employees so that skills of the employees can be enhanced
and more profit can be earned. Organisation should also analyse the areas of
improvement in the business so that overall performance of the business can be increased
in the market. Technologies helps in maintaining effective communication in the business
which helps in increasing the productivity of the business in the marketplace. It also helps
in innovating the services of the comoany in the market. Technology helps in providing
the correct information to the supply chain council which further helps in the smooth
functioning of the business in the market.
 Maintains healthy relationship with the suppliers: In order to increase the profit of the
business developing the healthy relationship with the suppliers helps in increasing the
revenue of the business healthy relationships helps in increasing the performance of the
business by reducing the chances of conflicts in the business in the market if the business
wants to earn more profit in the market then they to communicates with the suppliers so
that revenue generating power of the business can be increased in the market.
 Net cost reduction: supply chain management helps in reducing the cost of production in
the business which further helps in maintaining the profit of the business in the market .
eliminating the cost from the manufacturing process helps in increasing the profitability
of the business in the marketplace (Hald, 2019).
 Proper investment in the inventory: business invest in the inventory which are in need so
that financial stability of the business cannot get affected in the marketplace if the proper
identification of the inventory will not be done then it can affect the profitability of the
business in the market due to which organisation can face loss in the future. In supply
chain management identification of the useful inventory is important so that business can
invest accordingly.
Above are the supply chain management practices which are followed by the CILT which
helps them to increase their overall profit in the market these practices helps the business to
increase their productivity in the market because it enhances the skills of the staff members
which further reflects in the performance due to which revenue generating power of the
business gets increased in the market and more profit is earned in the business. CILT helps
the economy in fulfilling their needs and requirement by delivering the best quality of goods
to them.
Evaluate various supply chain management practices that will helps the .business to
improve its performance
Supply chain management practices helps in improving the performance of the business
in the marketplace so that best services can be provided to the customers in the market. it helps
in increasing the performance of the business in the market due to which overall revenue of the
business also gets improved supply chain management helps in developing the skills of the
employees which further reflect in their performance. It also helps in developing a healthy

relationship in the business due to which services of the business gets improved automatically.
CILT helps in delivery the products across the geographical boundaries to the customers so that
there profit can be earned effectively in the market . it helps in retaining the customers in the
business by providing the best services to them if the customers will not receive good quality of
services from the business then it can affect the demnad of the business in the market. it helps in
reducing the logistics error in the business due to which goods are delivered on time to the
customers in the market.
 Allignment of employees: if the well skilled employees will be hired in the business it
will helps in effective decision making in the business due to which overall performance
of the business will gets enhanced in the market if the business wants to achieve more
profit in the market then it is important for the business provide the work to the
employees as per the skills so that they can give their best in the assigned task and
improves the productivity of the business. CILT assigned the work as per the will power
of the employees due to which its demand in the market is more as compared to other
organisation. Alignment of staff also helps in developing the growth opportunities of the
business in the economy.
 Use of technologies: using the advance technologies helps in innovating the services of
the business in the market. due to which people get attracted towards the business which
leads in generating the income of the company if the business will invest in the
technologies then it can affect the growth chances of the company technology helps in
improving the quality of the products so that its demand can be increased in the market
advance technology in the business is very useful of developing innovation in the
business. Technologies also helps in reducing the chances of delay in the delivery
because there are various advance technologies which are taking place in the business
which helps the business analysing the timeperiod in which product has to be delivered to
the customers which helps in developing the goodwill of the business in the market.
 Developing healthy relationship with the suppliers: it helps in increasing the profitability
of the business in the market by developing the services of the business suppliers are the
sources of income in the business if the organisation will develop healthy relationship
with the suppliers then it will helps in developing the services of the business in the
marketplace . if profit of the business will be increased it will helps the employees so get
appraisal from their managers which will motivate them towards the business and
increase the growth chances of the business in the market so that demand of the business
can be increased in the marketplace (Hugos, 2018).
 Reduction in the cost: supply chain management helps in reducing the cost in the
business by eliminating the waste from the production process which further helps in
increasing the overall profit of the business in the economy reduction in operating cost of
the business helps in maintaining the financial stability of the business due to which
development of the business increased in the market if the organisation will be financial
stable then it will invest more in the services of the business so that services of the

business can be improved and demand of the business can be increased in the market. to
increase the profit of the business eliminating the unnecessary cost is very important so
that smooth functioning of the business can take place in the market.
 Investment in the inventory: Inventory helps in increasing the profit of the company by
developing the services of the business in the market if the organisation wants to earn
more profit in the market then they have to invest in the inventory of the business so that
development process can be effectively in the business. Inventories helps in finishing the
goods by providing them quality so that there demand in the market can be increased and
more profit can be earned if the business will not invest in the inventories then it can
affect the overall profit of the business because services of the business will not meet the
expectations of the customers due to which chances of loss can get developed in the
market (Wang, 2018).
Use theoretical methods, select the most appropriate set of supply chain management practices
Supply chain management practices helps in achieving the goals of the business
effectively it helps in increasing the goodwill of the business in the market so that profit of the
business can be increased. There are various practices of supply chain management which helps
in improving the goodwill of the company in the marketplace with the helps of the these
practices organisation can achieves its objectives in the short period of time practices are
basically the strategies which helps in maintaining the supply chain in the business which will
increase the overall growth chances of the business in the market. if the organisation will provide
the work to the employees as per the skills in the business it will helps in effective supply chain
management in the business managing the supply chain requires high knowledge due to which
company has to select the best employees in the business os that productivity of the business can
be increased in the market. use the technology is one of the most important practices of supply
chain management because it helps in developing the services of the business due to innovation
in the business takes place and innovation helps in attracting the attention of the customers
towards the organisation. Technologies should be used as per the need to the business so that
chances of loss can be avoided in the business if the organisation will not use the technologies in
the right manner then it be a risk factors for the business. reducing the cost from the
manufacturing process helps in the growth of the business by maintaining the financial stability
of the business in the market if the organisation will not reduce the cost from the production
process then it can affect the overall profit of the company in the economy. If the organisation
will invest in the inventories of the business then it will enhance the quality of the product which
the organisation is providing also it will helps in developing the goodwill of the business in the
economy by increasing the demand of the business in the market. inventories in the business
completes the production process of the business in the market by adding value to the product in
the market if the business will not have the proper inventory it can affect the demand of the
business in the market due to which profit of the business will also get affected. By applying
these strategies in the business organisation can maintain the effective supply chain management

in the business so that growth chances of the business can be increased in the market and
productivity of the business can also be developed in the market (Letnar Cernic, 2018).
Conclusion
As per the given report it has been observed that supply chain helps in increasing the
revenue of the company in the market through enhancing the product of the company in the
economy it help increasing the demand of the business. if the services of the company will not
meet the expectations of the buyers than it can affect the revenue of the company in the market.
various strategies which are implemented by the business for the supply chain management so
that effective management can take place in the business which will further helps in increasing
the productivity of the company in the market. there strategies of supply chain management in
the business which helps in improving the performance of the business. if the business wants to
earn more profit in the market them it is important for the business maintain a proper supply
chain management in the company so that good will of the business can be increased and
revenue can also be maintained by increasing the goodwill of the company.

References
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