Supply Chain Management
Supply chain management lets an organization get their products of raw goods to the place they are needed at the right time, the right place, and what exactly they have ordered, and at a reasonable cost. It moves from parts supplier to manufacturers to wholesale to retailer then consumer. Supply chain management plays an important role supplying the manufacturers all the way down to the consumer, so they can satisfy their customers, and to have good benefits for their company, if the supply chain management is managed good, they will have a good outcome for their company. Supply chain management does involve some factors; location of facilities of where the goods will be flowing from, production is another factor of the supply chain management which the organization has to decide what product will be created and at what factory, who will create it and how it will get to the customer, inventory is another chain link that the organization or company has to keep track of their products of raw goods, and to have some material on hand in case of any uncertainties that might happen, transportation is another link that the organization will have to deal with, how the raw materials will be getting from one link to the next, because transporting can be expensive for the organization or the company, depending on how they are transporting their materials to where they want it to go. Once the organization has used the supply chain management than how do they manage the chain, it also consist of more process, which is product flow, how the goods get from the supplier to the customer, and if the customer will return and is satisfied with their product, information flow is another that they have to manage which is, if the orders are being sent out and updating the status of the orders and the delivery of the product, last but not least is the financial flow which consist of keeping track of credits, and the schedule of payments to where they will be sent , when they are due. The procedures of this chain that takes place in a good way or efficient way they will make their organization have a good outcome, and they will produce more customers.
Many or most of the companies that produce raw materials, products, are affected by the supply chain management, once they have their supply chain going and the links of the chain are linked to one another, they have a good outcome for their organization or company it does take planning and implementing the applications to have a good flow going for your raw goods too, and materials to get where they need to be. It is affected anytime during their producing of the materials or products. There are mistakes in the supply chain management that can effect your supply chain management. From one source they do have top ten mistakes running your supply chain management, listing.
Always viewing the supply chain as a "chain" believing that supply chain management is about managing a chain,...