MGT605 Business Capstone: Supply Chain Management Strategies

This report provides a detailed analysis of supply chain management (SCM), focusing on the strategies and practices employed by Coca-Cola. The report begins by defining SCM and its importance in meeting customer expectations, emphasizing the need for efficient strategies to trace product demand and reduce costs. It highlights the role of leadership in managing complex SCM functions, including the use of industry metrics and strategic innovation. The report then delves into the challenges of globalization, quality, and market dynamics. It further explores the application of SCM in finance, marketing, and operations, providing a case study of Coca-Cola's supply chain, its demand forecasting, and its consumer-centric approach. The report concludes with recommendations for improving Coca-Cola's SCM, such as automation, inventory monitoring, and data transparency, supported by references to relevant academic research.

Supply Chain
Management

Management of Supply Chain
 Managing supply chain assist the customer many ways. The
customer expects as well as anticipates products which are
available at appropriate location without any delay in the
delivery time.
 efficient supply chain management strategies enable the
business owners to trace out the demand for products
manufactured by them accordingly.

Regulating Supply Chain
Management
 Generally executives assigned with the responsibility to manage
Supply chain remain under pressure to form a more efficient,
supply chains which are consumer-centric. At the same time,
they put their efforts to discover innovative ways to reduce
expenditure and drive their business towards growth.
 executives need to focus more on the projects that reduced
inventory and logistics inventory.

Leadership in managing supply chain
 management of the Supply chain involves a complicated series
of functions inside an enterprise which will impact the full
spectrum of the activities of the business in connection with
creation as well s development of a product.
 As there exists a set of complicated issues, managing people as
well as relationships is considered to be one of the integral parts
of the activities conducted to manage supply chain.

Leadership Engaged in the
management of supply chain
 The SCM leaders apply several industry metrics that involves market data. Along
with this, the SCM leaders also synchronize market data with the tools
implemented to collect significant information. At the same time they implement
strategic innovation
to enhance organizational performance.
 Effective acknowledgement of SCM leadership reflects in the instance of Colgate
company. The products of the company are marketised and sale of the products
occur at many places. For example, wholesalers, pharmacies, retail stores and
supermarkets. It is essential to manage and regulate all distribution channels
effectively.

Leadership in managing supply chain
 The expansion of global workforce is being enriched with mobility
as well as diversity.
 Hence, Another significant factor is that, the leaders of supply
chain management inculcate the skills essential for leadership,
so that they become capable of operating within the competitive
environment of international business.

Issues Related to Supply Chain
Management
 The management of Supply chain gives
organizations as well as manufacturers
several competitive advantages along with
corporate advantages. However several
challenges can be found in the business
landscape of contemporary times.
 Some of the challenges involves
globalisation, quality as well as compliance,
transformation in the dynamic market
environment.
Various Issues in
Supply Chain
management
Globalisation
Market Changes
Quality along with
compliance

Several Issues in the Management Of
Supply Chain
 Further, it can be said that, another
noteworthy issue is the changes in the
market conditions which consist of the
transition in the consumer behaviour.
Induced by several cultural, personal
and social factors.
 Along with this, varying trends over
social media may result into
transformation in the market scenario.
Various Issues in
Supply Chain
management
Globalisation
Market Changes
Quality along with
compliance

Several Issues in the Management Of
Supply Chain
 Rest of the challenges
involves Quality along with
Compliance in which the
quality of the products is
enhanced along with
compliance.
Various Issues in
Supply Chain
management
Globalisation
Market Changes
Quality along with
compliance

Finance in case of Supply Chain
Management
 In case of the finance sector, there are
several benefits for companies, which
can be achieved with the
implementation SCM in the business
process.
 SCM assists in the anticipation of many
potential risks along with this, it helps
in the effective implementation of
several plans.

Marketing and Supply Chain
Management
 In connection with the marketing
benefits, SCM assists with the
professionals engaged in the
communication processes for the
enterprises to instigate marketing
collaboration between both the suppliers
as well as buyers.
 It also aligns product developers with the
systems of an organisation.

Operations and Supply Chain
Management
 Apart from finance as well as marketing,
there are several operational sub-
processes involved in SCM.
 The operational procedures which is
applied so that the consumers can be
differentiated. Other objectives, to apply
these operational procedures are- to form
the management team, checking all
accounts, recognising opportunities
connected with those accounts.