The Supply Chain Concept Paper

939 words - 4 pages

Advances in information technology have brought many advantages to businesses today. For example, the Internet has enable organizations to expand its markets, reduce costs, and most important, increase profits. As a result of the Internet technology, a competitive global market exists that presents many challenges for the business owner. One challenge is the management of a business's supply chain. Globalization, price deflation, supply chain competitiveness, and customer service are well known trends in the supply chain industry. Dynamic markets, changing consumer demands, lower, costs, and reduced margins are reasons that organizations should effectively manage or revamp their supply chain processes to remain competitive (about.com, 2007). This paper compares three pet stores, Lucky Dog, Muttropolis, and Petcock, and how it manages its supply chain through the use of the Internet.A supply chain is a link to every aspect involved with the delivery of products or services to a customer. The connection of all components of a supply chain ensures that products are received by the consumer at the right place, time, quantity, and acceptable price. The supply chain of an organization should be viewed as an extensive, highly networked value chain driven by customer demand. The efficient management of the supply chain involves overseeing relationships with suppliers and customers, controlling inventory, and forecasting demand in addition to obtaining feedback regarding every link of the chain (Bearing Point, 2007). Effectively managing an integrated value chain can improve product and service quality that will in turn increase company sales (Bearing Point, 2007). Organizations should actively pursue cooperation and long-term relationships with suppliers and customers that will allow a network among all members of the supply chain. These relationships will enable organizations to keep pace with competition in addition to reducing costs and obtaining the greatest value from its suppliers.Business functions, processes, and technology are the primary methods used by Lucky Dog, Muttropolis, and Petcock to coordinate business functions and processes with its customers and suppliers through the use of the Internet. Internet technology allows these businesses to improve communications with customers at an extremely low cost. Websites provide customers with direct access around the clock to compare product prices and features, purchase pet supplies, or search for store locations. In addition, customer access to these websites provides these companies with valuable information based on customer demand and feedback.The Internet allows these pet supply companies to save money and increase product quality by improving the negotiation process with their suppliers. As Lucky Dog and Muttropolis seek to establish long-term relationships with its suppliers, they reorder product via the Internet when staff recognizes shortages. Lucky Dog and Muttropolis have good...

Find Another Essay On The Supply Chain Concept Paper

Company Supply Chain Paper

732 words - 3 pages Having an effective supply chain is critical to the success of any type of business, big or small. The definition of a supply chain is the stream of processes of moving goods from the customer order through the raw materials stage, supply, production, and distribution of products to the customer. Through such a detailed network, the distribution of goods and services makes its way from supplier to consumer.Supply chain management is the

Supply Chain Paper

993 words - 4 pages PAGE PAGE 1 Supply Chain Paper El Internet es un recurso que ha cambiado drásticamente la vida de todos y su uso ha aumentado con los años. Es una de las razones por la que cada día son mas las empresas que hacen negocios a través del Internet. El negocio de empresa a consumidor (B2C) y el de empresa a empresa (B2B) son diferentes. Sus diferencias serán expuestas mas adelante y se explicaran las cadenas de

Strategic Supply Chain Model Paper

1372 words - 5 pages Wal-Mart is a shopping center that carries a variety of products ranging from clothing to office supplies and grocery supplies. This shopping center receives the products they carry from suppliers, and the supply chain must be managed accordingly. In this paper, Team A discusses the need for supply chain management, how Wal-Mart orders and delivers products in their present situation, and the elements of the supply chain model for the

Protecting The Supply Chain

1025 words - 4 pages The larger a company’s supply chain, the more vulnerable the company becomes. When the company’s suppliers spread further and further away from the company, the company becomes even more vulnerable to political and currency risk, cyber attacks, missed inventory goals, and failed communication with the supply chain. For a company to overcome those potential vulnerabilities, a company must build safeguards into their operations. Those safeguards

The DoD Supply Chain

1450 words - 6 pages The DoD Supply chain is based on mass logistics and building up huge stockpiles of inventory at strategic locations throughout the world. For years the DoD supply chain has fell progressively behind the commercial world, by stockpiling repair parts in distant supply depots to fulfill a request, lead times were excessively long sometimes up to several months. At the same time in the commercial world a request could be filled in a matter of days

the cooperation in the supply chain

662 words - 3 pages . • The Automotive Sector: In the automotive sector the vertical supply chain integration concept changed quickly when automobile companies started to evaluate what to do and what to buy. Collaboration and trust behaviors converted the Japanese automotive companies in highly competitive in the global marketplace, enhancing trust between partners, participants (Chopra & Mindl, 2007). The significant changes in the automotive supply chain and logistics

Leagility Defined for the Supply Chain

973 words - 4 pages profit margin. Conversely, products with a high profit margin and volatile demand should have an agile supply chain (Van der Vorst). Modern managers may benefit from studying hybrid supply chains that are both lean and agile. Lean supply chains work best with products that sell in high volume and low variety (Christopher). The reason for this is clear when one considers a type of product meeting this criterion. Toilet paper sells in predictable

The Strategic Importance of Supply Chain Management

2046 words - 8 pages 420122139420122139SYNOPSISThis report illustrates the concept of logistics and supply chain management and how supply chain management is gaining more importance in the competitive environment. The first section of the report briefly explains the development of the concept of supply chain management. The second section highlights the main reasons for the importance of supply chain management in aspects of historical reasons, cost concern

Supply Chain Management: The Heartbeat of Dell

1671 words - 7 pages involved in delivery of the product. The success of these processes is a result of Dell's industry leading supply chain management system. The brilliance of Dell's concept is a tribute to the coordination, planning, and information sharing that has been carefully laid out and adjusted to maintain a competitive edge. The end user misses all the behind the scenes activities and only realizes they have quickly and painlessly received a quality

The Reverse Supply Chain: Question and Answers

865 words - 4 pages which we need reverse supply chain. -End of life cycle -Warranty -Service issue -Remanufacturing Interpretation: as organization work on profit so remanufacturing is the main cause of reverse supply chain. 4. Major problem which company faces in reverse supply chain management of passenger car. -Cost -Effort -System lack -Awareness -networ Major problem which company faces in reverse supply chain management of

E-Business And The Supply Chain

1738 words - 7 pages E-Business and the Supply Chain Competition, global and domestic, shortened product life cycles, and today's economic conditions provide ongoing challenges for distributors of goods and services. Organizations that remain tied to the conventional supply chain processes find the increasing demands made by major consumers to be a trial because of the inaccuracies associated with forecasting the purchasing habits of those same customers. While

Similar Essays

The Supply Chain Concept Essay

1554 words - 6 pages Supply Chain Concept Introduction In today's competitive business environment many firms face the arduous mission of managing their supply chain. In an effort to gain competitive advantage, firms must make key decision involving logistics and operations management to move products and service across the supply chain. The materialization and attractiveness of the Internet has made supply chain management more attainable for business

Planning And Controlling The Supply Chain Paper

942 words - 4 pages budget.In conclusion for Riordan to meet all 2005 expectations the organization must utilize responsibility accounting. Responsibility accounting is an information system that does the following: classifies financial data according to areas of responsibility and reports only controllable cost and revenue information for managers. Responsibility accounting focuses on the reporting, not on the recording, of information.ReferencesApollo Group Inc. (2006). Riordan Manufacturing. Retrieved from https://ecampus.phoenix.edu/secure/aapd/cist/VOP/Business/Riordan/RioMfgHome002.htmPlanning and Controlling the Supply Chain Paper

Supply Chain Paper

1531 words - 6 pages competitiveness, and customer service are prominent trends in the supply chain industry. Dynamic markets, changing consumer demands in addition to lower costs and reduced margins are reasons that organizations should effectively manage or sometimes re-engineer their supply chain processes to remain competitive (About.com, 2007). This paper will discuss how three pet stores, Lucky Dog, Muttropolis, and PETCO, manages its supply chain through the

Supply Chain Paper

924 words - 4 pages E-Business Supply ChainThe availability to the Internet has drastically increased over the years. This is one reason why more businesses are doing business over the Internet. In this paper I will describe what the business to consumer (B2C) and business-to-business (B2B) supply chains are and what is the difference between the two. One thing is certain that e-business has made doing business much easier for the customer whether that is a