1. Minimize transportation distance in the chain.
-Source goods and materials locally.
- To the best of one's ability try to create minimum distance between factories and suppliers.
2. Minimize waste products
-Use as much of the materials as possible
- Use materials that do not end up in landfills
Logistics is a part of supply chain management. Supply chain management (SCM) is the broader process that manages the entire flow of goods, services, information, and money from raw material suppliers to the final customer. It includes activities like sourcing, production, inventory management, warehousing, transportation, and distribution. Logistics specifically focuses on the movement and storage of goods — such as transportation, packaging, and delivery. In simple terms, supply chain management is the bigger system, and logistics is one important component within it that ensures products reach the right place at the right time.
Green Supply Chain Supply chain management with an emphasis on energy efficiency and environmental friendliness.
Objective of a Supply Chain • Maximize overall value created • Supply chain value: difference between what the final product is worth to the customer and the effort the supply chain expends in filling the customer's request • Value is correlated to supply chain profitability (difference between revenue generated from the customer and the overall cost across the supply chain) • Sources of supply chain revenue: the customer • Sources of supply chain cost: flows of information, products, or funds between stages of the supply chain • Supply chain management is the management of flows between and among supply chain stages to maximize total supply chain profitability
One can optimize supply chain visibility by using a Sterling Supply Chain Visibility from IBM. This type of supply chain will help to optimize it quite nicely.
NHS Supply Chain was created in 2006.
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the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive. the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive.
Strategic Supply Chain Management means planning and managing the supply chain in a long-term way to support a company’s overall business goals. It focuses on making smart decisions about suppliers, production, transportation, inventory, and technology so the business can reduce costs, improve efficiency, and gain a competitive advantage. Instead of only handling daily operations, strategic supply chain management looks at future growth, risk management, customer demand, and market changes. For example, a company may choose global suppliers to reduce costs, invest in automation to improve speed, or build strong partnerships to ensure steady supply. All these long-term decisions are part of strategic supply chain management. In simple words, it is about designing and improving the supply chain to help the business succeed in the long run.
DHL Exel Supply Chain was created in 2000.
how much does a supply chain manager makes
Supply Chain Management Review was created in 1997.
Supply chain integration is the integration of processes within a traditional supply chain. An example of this would be when consumers become co-producers of a product.