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They generall negotiate contracts with vendors and work on standardizing suppies and other products used in a company to obtain volume purchasing discounts to save the organization money.
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What are logistics managers Duties and Responsibilities?
Logistics managers usually organize the storage and distribution of goods. They plan and manage the movement of goods using a supply chain. They oversee shipments to consumers and retailers.
Is logistic a part of supply chain management or supply chain is the part of logistic?
logistics is a part of supply Chain Management
Necessity and objectives of SCM?
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
How have recent advances made supply chain information technology systems more effective?
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.
How much money does a supply chain manager make?
how much does a supply chain manager makes
What element should marketing managers consider when scanning the competitive environment?
Supply Chain Management
What are logistics managers Duties and Responsibilities?
Logistics managers usually organize the storage and distribution of goods. They plan and manage the movement of goods using a supply chain. They oversee shipments to consumers and retailers.
The Work in Practice of Supply Chain Management?
Supply chain management (SCM) involves the coordination and management of activities and processes that enable the flow of goods, services, information, and finances from the initial sourcing of raw materials to the delivery of the final product or service to the end customer. In practice, supply chain management encompasses a wide range of activities and tasks that contribute to the efficient and effective functioning of the supply chain. Here are some key components and activities involved in the work of supply chain management: Planning and Forecasting: Supply chain managers analyze historical data, market trends, and demand patterns to develop accurate forecasts for future demand. This information is crucial for making informed decisions regarding procurement, production, inventory management, and distribution. Procurement and Supplier Management: Supply chain managers are responsible for identifying and selecting suppliers, negotiating contracts, and establishing partnerships to ensure a reliable supply of raw materials or finished goods. They also monitor supplier performance, manage relationships, and mitigate risks associated with the procurement process. Inventory Management: Efficient inventory management is crucial to avoid stockouts, minimize carrying costs, and optimize working capital. Supply chain managers employ various techniques such as demand forecasting, safety stock analysis, and just-in-time (JIT) principles to maintain the right inventory levels and ensure timely availability of products. Logistics and Transportation: Managing the movement of goods from suppliers to manufacturing facilities, distribution centers, and ultimately to customers involves logistics and transportation. Supply chain managers coordinate the selection of transportation modes, carrier management, route optimization, and tracking to ensure timely and cost-effective delivery. Production and Manufacturing: Supply chain managers collaborate with production teams to plan and schedule manufacturing activities based on demand forecasts. They optimize production processes, manage production capacities, and monitor quality control to ensure efficient and consistent manufacturing operations. Demand Fulfillment and Customer Service: Supply chain management aims to satisfy customer demands efficiently and effectively. Supply chain managers monitor order fulfillment processes, track shipments, and manage customer inquiries or complaints to ensure a positive customer experience. Technology and Data Management: Utilizing technology solutions and data analytics is crucial in modern supply chain management. Supply chain managers leverage systems such as enterprise resource planning (ERP), warehouse management systems (WMS), and supply chain visibility tools to improve process efficiency, gain insights, and make data-driven decisions. Risk Management and Resilience: Supply chain managers identify potential risks and develop strategies to mitigate disruptions, such as natural disasters, geopolitical issues, or supplier failures. They implement contingency plans, establish alternative sourcing options, and monitor supply chain performance to maintain resilience. Continuous Improvement and Optimization: Supply chain management involves ongoing evaluation, analysis, and improvement of processes to enhance efficiency, reduce costs, and improve customer satisfaction. Supply chain managers implement lean principles, conduct performance assessments, and foster collaboration among supply chain partners to identify opportunities for optimization. The work of supply chain management is dynamic and multifaceted, requiring effective coordination, collaboration, and decision-making across various stakeholders involved in the supply chain. It aims to create value, enhance customer satisfaction, and drive competitive advantage through the efficient management of the flow of goods, services, and information.
What is Green supply chain?
Green Supply Chain Supply chain management with an emphasis on energy efficiency and environmental friendliness.
Is logistic a part of supply chain management or supply chain is the part of logistic?
logistics is a part of supply Chain Management
Necessity and objectives of SCM?
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
How does one optimize supply chain visibility?
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.
How do you calculate the excess inventory across a supply chain or at a particular site warehouse?
You would have to do a count of all the inventory. Have all the managers submit the information so you can determine the excess.
When was NHS Supply Chain created?
NHS Supply Chain was created in 2006.
What is structured supply chain?
SUPPLY
How have recent advances made supply chain information technology systems more effective?
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.
What is meant by Strategic Supply Chain Management?
Supply chain management comprises of three levels 1. tactical 2. strategic 3. operational. 1. Strategical supply chain management decisions includes product development, customers, manufacturing, vendors, and logistics. The strategic supply chain management tries to expand the supply chain processes. 2. tactical supply chain management includes decisions in manufacturing, logistics, suppliers and product development. 3. operational supply chain management includes the day to day operational supply chain decisions ensure that the products efficiently move along the supply chain, achieving the maximum cost benefit.
