Success Factors In Supply Chain Management

971 words - 4 pages



Success Factors in Supply Chain Management


Success Factors in Supply Chain ManagementxxxCMGT556March 2, 2014Sutap Chatterjee Success Factors in Supply Chain ManagementSupply Chain ManagementSupply chain management (SCM) works with the process flow of information as well as products from supply chain organizations. Development in technology facilitates organizations ability to coordinate activities for use of supply chain servicing. The Council of Supply Chain Management Professionals (CSCMP, 2011) defines supply chain management in the following way:"Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies" (p.1).There are four basic components within the supply chain management that are essential for SCM processes. First, ensure that to manage resource requirements, a strategy exists which the customers' needs are met for services/products based on their strategic demands. Secondly, the appropriate business supply chain partners, in fact, are the ones that will provide the end product from materials, servicing requirements through payment processes, delivery of goods, pricing, and any other method by which the process will be measured.Third would ensure that operations is on board for ensuring the schedules take into consideration tasks for packaging, testing, process preparation, and delivery preparations. Lastly, logistics requirements are well thought-out, such as warehousing, orders, return processing, carrier/delivery service, and invoicing.Supply Chain Management Software Package ComparisonFor the SCM software package review, there were three companies in the comparison: SAP Supply Chain, PackManager, and IBS Enterprise. One area of concern was with PackManager whereby once installed technology support is not a provision. Daniels and Daniels (2012) indicate the areas of the five basic supply chain management activities which include plan, source, make, deliver and return. The comparison of the three SCM software packages above assist businesses in making an appropriate decision based on their specific needs. Each company had something that others may not have and, as a result, supports that one company may not be the viable solution for every industry. . To complete a comprehensive review of SCM software packages, the site which assisted with the compilation of data, (2014) indicates:
Supply Chain Management Software Comparison


SAP Supply Chain


IBS Enterprise


SAP America

Nulogy Corporation




Find Another Essay On Success Factors in Supply Chain Management

Supply Chain Management in the Service Sector

3102 words - 12 pages Services touch the lives of each person everyday in a wide range of commercial and public sectors. Service delivery and associated management are becoming being concerned the most important elements for all service organizations in different service sectors. Besides, focusing on the customer and serving his or her needs has always been an important daily activity for service providers. A Supermarket is that retail companies which most of people

Global Supply Chain Management Essay

822 words - 3 pages production process for all the companies involved in the chain. This creates superior customer value (Hugos, 2006).Because of the increase in globalization efforts and offshore sourcing, global supply chain management is a vital aspect for businesses. The factors behind this management are reducing the costs of procurement and decreasing the risks related to purchasing. Global supply chain management involves a company's worldwide or global interests

Supply Chain Management

1711 words - 7 pages 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

Supply Chain Management

1290 words - 5 pages Introduction:Supply chain management (SCM) is the combination of art and science of procuring raw components in order to make a product or service and deliver it to customers. According to the Council of Supply Chain Management Professionals (CSCMP), Supply Chain Management "encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also

Supply Chain Management

2782 words - 11 pages Supply Chain Management (SCM) is the integration of information, technologies and management of key business functions which is linked directly or indirectly and provides services to the same customer. It promotes the flow of products downstream from raw materials to the end consumer and the flow of information upstream from consumer to supplier [1]. In above figure it explains that raw materials is procured and then it goes to the supplier

Supply Chain Management

541 words - 2 pages organizations are developing and implementing better systems, which can forecast the demand and supply in a flexible way to the changing needs. The changing business market has forced the organizations to employ highly skilled people on a better infrastructure and to develop supply chain mechanisms, which is flexible to the changing market conditions and demand. IN this document, we will discuss the various aspects of supply chain management in

Supply Chain Management

9446 words - 38 pages provides a broad picture of the area recognized as IT/IS for SCM, and it intends to make the reader more critical and familiar not only to the benefits and the advantages of IT/IS for SCM, but also aware of the issues, hidden factors and complexities which surround them.2. Theoretical Part2.1 The notion of Supply Chain ManagementIt is general accepted that in nowadays the topic of Supply Chain Management (SCM) has become subject of great

Supply Chain Management

5464 words - 22 pages success. Most, if not all of these practices play a part in supply chain management. Once the effort in everything else has been exhausted, supply chain management is the only logical step. Before the 1960s, industry looked inward for improvements. Logistics literature offered generally two divergent main approaches to business management: the total cost concept and the customer service concept. "The total cost concept considers logistics as a

Supply Chain Management - 2023 words

2023 words - 8 pages companies were $72 billion for the fiscal year that ended October 31, 2002.In the late 1980s, HP had faced spiraling inventory and poor customer satisfaction. Solving the latter crucial problem was flagged in 1990 by then CEO John Young as a key objective for the entire company, and one way of accomplishing the objective was through better supply chain management. The supply chain for HP's products contain manufacturing, research, and development

Supply Chain Management - 668 words

668 words - 3 pages “Supply chain management is the flow of goods, services, and information from the initial sources of materials and services to the delivery of products and activities occur in the same organization or in other organizations”(Horngren695). This approach enables Regal Marine (R.M) to be highly effective, efficient, and profitable. More over supply chain management effectively manage your supply chain by synchronizing the demand for your products

Supply Chain Management - 3249 words

3249 words - 13 pages IntroductionThe following paper is a discussion about how supply chain management has been one of the major issues of concern for businesses for several years. In the present era of extremely competitive markets, increased level of globalization and expansion of organization's operations to а global scale, it has become increasingly important for the firms to fully integrate their overall operations so that they can develop а

Similar Essays

Relationships In Supply Chain Management Essay

1726 words - 7 pages bring the firm more power in competition.ReferencesAndrew, E., Ruth, F. & John, M. (2001). Best practice procurement: public and private sector perspectives. Albershot, England: Gower Publishing LimitedBurt, D.N., Dobler, D.W. & Starling, S.L. (2003). World class supply management: the key to supply chain management (7th Ed.). New York, America: McGraw-HillGattorna, J.L. (2003). Gower handbook of supply chain management (5th Ed.). Albershot

Supply Chain Management In Seafood Essay

2172 words - 9 pages climate changing, overfishing or fish farming is too complicated for any single organization to handle. Management should focus not only marketing survey about the demands of consumers such as the increasing concern about health problems related to seafood products, but also many other factors involved in the whole seafood supply chain like environmental issues, fuel price, policies that may also affect the direction of seafood market. The cooperation

Supply Chain Management In Purchasing Essay

2443 words - 10 pages .Heinritz, S.F., Farrell, P.V. and Smith, C.L. (1986), Purchasing and applications (7E), London: Prentice-Hall International (UK) Limited. Pp: 306-326.3.Lysons, Kenneth (2000), Purchasing and Supply Chain Management, Essex: Pearson Education Limited. Pp: 487-506.4.Lysons, Kenneth and Farrington, Brian (2006), Purchasing and Supply Chain Management, Essex: Pearson Education Limited. Pp: 656-668.5.Wood, Graham (1995), Ethics at the purchasing/sales

Information Systems In Supply Chain Management

6098 words - 24 pages related information in real time. All this information can be instantly accessed, analyzed and decisions made at each store. Effective management of supply chain and logistics is one of the most important factors for Walmart success.  Wide range of products. Walmart can offer wider range of products than any other retailer. It sells grocery, entertainment, health and wellness, apparel and home related products among 11 many other categories