What are the main activities to be done under supply chain management?

What are the phases of supply chain management?

Supply chain management is a complicated series of operations carried out to procure goods in order to deliver them to the end customer. Everything in between that comes under supply chain operations. In order for these processes to run smoothly, efficient management of the supply chain is required. Businesses take the help of supply chain management experts like AWL India, who provide excellent services backed with reliable technology and a team of logistics experts. Here are the phases of supply chain management, from beginning to end - Planning - Planning is the first step in supply chain management. From planning about procurement, to how the logistics will happen, how the inventory will be stored, and everything in between, it has to be carried out by a worthy team of decisive individuals. Sourcing - Sourcing goods from suppliers, manufacturers, in order to process or pack them and get them ready for delivery is the next step in supply chain management. Execution - Execution of the logistics aspect is the next step in supply chain management. The proper orders are assigned to the appropriate vehicles and then the next operations are carried out. Delivery - Delivering the right orders to the right person is the next step. Processing Returns - Processing returns, if any, is the final step in supply chain management. These processes are not all exclusive and supply chain management can look different for different businesses."

What is the difference between supply chain, operations, and logistics?

All three topics are interrelated but distinct as well. Logistics and operations fall under the umbrella of supply chain management. Operations are related to the whole set of activities involved in creating value for the goods or services offered by the given business. Total Freight International - TFI provides the best platform to serve the dynamic business environment with its giant supply chain network that enables the timely delivery of the product or service at a minimal cost.

Which sector does 'operations' come under?

'Operations' typically falls under the broader category of business management and is a key component of the operational sector. It encompasses various activities related to the production of goods and services, supply chain management, logistics, and efficiency optimization. In many organizations, operations are integral to ensuring that resources are used effectively to meet customer demands and drive profitability.

What activities comes under intraorganisational ecommerce?

Intra-organizational e-commerce refers to online transactions and activities that occur within a single organization. Key activities include internal procurement processes, supply chain management, employee training and development platforms, and resource allocation systems. Additionally, it encompasses communication and collaboration tools that facilitate information sharing and teamwork among employees. Overall, it streamlines operations and enhances efficiency within the organization.

Logistics and supply chain scope in india?

Logistics and Supply Chain Companies in IndiaLogistics and supply chain management are linked to each other but they have different definitions. The terms and definitions are derived by the global ladders of the logistics and supply chain companies.According to Michael Hugos, “Logistics typically refers to activities that occur within the boundaries of a single organization and Supply Chain refers to networks of companies that work together and coordinate their actions to deliver a product to market.”Logistics:"Logistics is about getting the right product, to the right customer, in the right quantity, in the right condition, at the right place, at the right time, and at the right cost" - John J. Coyle et alThe above definition by John J. Coyle et al is also known as 7Rs. Today’s logistics service providers work on an integrated logistics model whereas earlier various tasks were under different departments. In the integrated logistics customer service, purchasing, production planning, warehouse, and transport fall under the same umbrella. Integrated logistics makes the process simpler, transparent, and hassle-free.Logistics is of two types inbound and outbound. Inbound logistics refers to the movement of goods and raw materials from suppliers to a company while outbound logistics refers to the movement of finished goods from a company to customers.Logistics Management: By Top Logistics and Supply Chain CompaniesAccording to Paul Schönsleben, "Logistics Management deals with the efficient and effective management of day-to-day activity in producing the company's finished goods and services."Logistics management should be effective and efficient in terms of costs, manpower, optimization of technology. They are involved in various levels of planning and execution-strategic, operational, and tactical. Logistics management also integrates on coordination and optimization of all logistics activities along with other functions like marketing, finance, sales, marketing, and information technology.Supply Chain:According to Martin Christopher, "Supply Chain is the network of organizations that are involved, through upstream and downstream linkages, in the different processes and activities that produce value in the form of products and services in the hands of the ultimate consumer." They are responsible for the planning, management of all activities involved in sourcing and procurement, conversion, and other activities linked to logistics management. They also co-ordinate with channel partners, suppliers, third-party service providers, and customers.Supply Chain Management:According to Michael Hugos "Supply Chain Management (SCM) refers to the coordination of production, inventory, location, and transportation among the participants in a supply chain to achieve the best mix of responsiveness and efficiency for the market being served."They create a business model by linking a business function and business model. They are responsible to drive the coordination of processes and activities of marketing, sales, product design, finance, and information technology

Production planning jobs: The qualifications for supply chain jobs?

Production planning incorporates various jobs that lead to the final production and delivery of the goods to the clients. Supply chain management is an important part of production planning with many industries embracing the role it plays. Supply chain is the procedure that entails goods and services moving from the raw material stage via the manufacturing process and finally getting to the end user. Since they are many different stages involved, the term supply chain can encompass a big range of different activities and jobs. Some of these are inclusive of sourcing, transportation, purchasing, distribution and inventory control.Many businesses are now taking a keen interest on supply chain management. Due to the increased competition in most industries, the profit levels are pushed down and this makes it imperative to improve on the efficiency levels. This can in turn assist in maximizing profits and taking a big share of the market.There are various different careers in the field of supply chain management. Notably, many industries have embraced the need of hiring highly qualified professionals. Some of the careers under supply chain management include:Production PlanningOperations managementLogistics and transportationSourcing, buying and PurchasingInventory and warehousingThe supply management jobs are available in various sectors such as:RetailPublic sectorOil and gasManufacturingConstructionEngineeringHealthcareDefenseHow does one get into supply management?Due to the rising interest in this industry, interest among the applicants grows. This makes it necessary and sufficient for the employers to source out for the very best in the market.Professional qualifications are a great way of enhancing a supply management career. There are various professional examining bodies such as CIPS, IoE, CILT and also IOM that are well respected all over the world.Due to the large number of professional courses available in the market today, one can easily be confused on which one to take.CILT offer courses that deal with logistics and transport.CIPS mainly specialize in buying and purchasing courses.IOM deal in diverse areas of operations management.IOE concentrate on offering courses that are related to international trade.

What is the different between logistics and supply chain?

All three topics are interrelated but distinct as well. Logistics and operations fall under the umbrella of supply chain management. Operations are related to the whole set of activities involved in creating value for the goods or services offered by the given business. Total Freight International - TFI provides the best platform to serve the dynamic business environment with its giant supply chain network that enables the timely delivery of the product or service at a minimal cost.

What is Procurement and Logistics management?

Procurement logistics management is the most important part of Supply Chain Management. It helps to manage all the activities related to supply chain management. Logistics management plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services.

What are the applications come under ERP?

ERP is Enterprise Resource Planning. The applications that come under ERP share data, collect, manage, and store data. Product planning, inventory management, and service delivery are applications in ERP.

Is warehouse under accounts department?

The warehouse is typically not part of the accounts department; instead, it falls under operations or supply chain management. The warehouse handles inventory management, storage, and distribution of goods, while the accounts department focuses on financial transactions, budgeting, and reporting. However, both departments may collaborate closely to manage inventory costs and financial reporting related to stock levels.

Do convenience stores practice brand management in the same manner as big bulk chain stores?

Convenience stores do definitely practice extensive brand management in the same manner as big bulk chain stores they just do it in a smaller setting and under less people.

On what basis are fund advisers compensated?

Most fund advisers receive a fee for stock selection and portfolio management activities based on the average value of the assets under management.