Integrative Supply Chain Management Report: Key Metrics and Strategies

Verified

Added on  2019/09/25

|4
|505
|352
Report
AI Summary
This report delves into the core concepts of supply chain management, exploring key metrics, strategic fit, and global discussions. It examines the importance of production, inventory, and transportation metrics, and their impact on customer service and supply chain cycle time. The report further analyzes strategic fit, outlining the steps necessary for aligning supply chain capabilities with customer needs and competitive strategies. Finally, it discusses global supply chain management, highlighting the use of simulations and the importance of both tacit and explicit knowledge in developing world-class supply chain professionals. The report references several key academic sources to support its findings.
Document Page
Integrative Supply Chain Management
[Document subtitle]
[DATE]
[Company name]
[Company address]
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
KEY MATRICS FOR TRACKING THE PERFORMANCE
Supply chain metrics are said to be the combined metrics of production, procurement,
transportation, and warehousing, material handling, and customer service.( Zhu etal 2006).
There are five supply chain drivers like production which include the key matrices like
production material and the average payment period ,inventory which include inventory turnover
,perfect order measurement , and the inventory days of supply , location which include the
supply chain cycle time ,transportation which include customer order ,cycle time fill rate and
freight cost per unit and in information we include supply chain cycle time, cash to cash cycle
and freight bill accuracy.
STRATEGIC FIT
A competitive strategy will discuss the customer segments to which the company wants to
satisfy.( McLaren,etal,2004) .To achieve the strategic fit the company has to ensure the supply
chain capabilities support will satisfy the concerned target customer segment. There are three
basic steps to achieving strategic fit which are:
1. In this, the company will try to understand the customer needs according to the target
customer in satisfying the needs according to a supply chain. In this, the company defines
the cost and service requirements which helps in identifying the disruption in a supply
chain.
2. In this, the company tries to understand the design of supply chain.
3. In this, the company identified the mismatch regarding the restructuring of competitive
strategy.
Document Page
SCM GLOBE DISCUSSION
It is defined as the discussion which is done at the global level regarding supply chain in the
competitive environment.( Hugos etal ,2011) In this, the skills in logistics are used to analyses
the concept. There are four keys for using simulations to develop the world-class supply chain
management professionals. There are two ways of achieving the simulation regarding global
discussion one is tacit knowledge which is defined as the knowhow, and it can be transmitted
through social interactions and personal experience and the second one is explicit knowledge
which helps in the codifying of languages and facts and figures which will be transmitted by
dialogues.
Document Page
References
Zhu, Q., & Sarkis, J. (2006). An inter-sectoral comparison of green supply chain management in
China: drivers and practices. Journal of cleaner production, 14(5), 472-486.
McLaren, T., Head, M., & Yuan, Y. (2004). Strategic fit of supply chain management
information systems: A measurement model. ICIS 2004 Proceedings, 47.
Hugos, M. H. (2011). Essentials of supply chain management (Vol. 62). John Wiley & Sons.
chevron_up_icon
1 out of 4
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]