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What is the difference between supply chain management and value chain management?
The ultimate goals are strikingly similar with a few different means to achieve similar ends. Supply chain management focuses on the ways a company obtains supplies needed in order to make and deliver a product or service to the customer maximizing both customer value and competitive edge with basic components using 5 elements- 1. plan, 2. source 3. make, 4. deliver, 5. return Value chain management focuses on integrating time and responsiveness with the goal of maximizing resources and minimizing waste with the goal of minimizing waste, particularly by using ideas such as "Just-In-Time". (sources-referencesforbusines.com&CIO.com) (Clear as mud, right?)
Discuss the goal of a supply chain and explain the impact of supply chain decisions on the success of a firm?
A company may focus on the supply chain in order to achieve a low volume of materials on hand. This reduces the company's overall payments accountable and can aid in company success through more profitable margins. It can also risk production if supply stocks are reduced too much.
What is goal in project management?
A goal in Project Management is a sentence defining what should be achieved from a project.
What are the macro processes of supply chain management?
§Supplier Management Process would include the goal of ensuring supplies at the best cost and terms, depending on whether it is a tactical purchase, a strategic buy, a negotiated purchase, or an engineered item.§Internal Supply Chain Process includes a number of activities with respect to receiving, conversion and dispatch of finished goods.§Channel Management: It is important to note linkages in distribution with multi-tier arrangements, depending upon the type of products moved.§Customer Relationship Management: The focal organization orients itself to synchronize its role agents and processes to serve its customers. Customer delight happens only if the product meets the customers' satisfaction in terms of time, quantity, responsiveness and cost.
What is the fundamental goal of risk management?
The fundamental goal of risk management is to minimize the cost of risk and to maximize a firm's value (in the context of business risk management).
What is supply chain management and how it works?
Supply Management is a well-designed and well-coordinated business that large companies use to plan, execute, and monitor every internal and external occupation that goes in their service. Not every company is run in such a orderly manner; only the large ones.
What is the difference between supply chain management and value chain management?
The ultimate goals are strikingly similar with a few different means to achieve similar ends. Supply chain management focuses on the ways a company obtains supplies needed in order to make and deliver a product or service to the customer maximizing both customer value and competitive edge with basic components using 5 elements- 1. plan, 2. source 3. make, 4. deliver, 5. return Value chain management focuses on integrating time and responsiveness with the goal of maximizing resources and minimizing waste with the goal of minimizing waste, particularly by using ideas such as "Just-In-Time". (sources-referencesforbusines.com&CIO.com) (Clear as mud, right?)
What do you understand by Supply Chain Management?
Supply chain management is the core process of procurement. It is the process of supply the products and services in the targeted destination. Supply chain generally takes place by a supply chain management team. A supply chain management team involves in transporting activities.
What is the ultimate goal of a thief?
What is the ultimate goal of a thief?
What is the ultimate goal in the new world of career management?
The ultimate goal in the new world of career management is to create a fulfilling and sustainable career that aligns with your values, passions, and strengths. This involves proactively managing your professional development, adapting to changes in the workplace, and staying agile in order to thrive in a rapidly evolving job market.
What is the difference between manufacturing and service organization supply chain?
The end goal of any company is a satisfied customer. The process of locating, obtaining and transporting the inputs needed to do this is the core function of supply chain management. Supply chain design in the manufacturing industry requires a great deal of focus on physical product and a broader supplier base, while service firms typically have little need for physical inputs other than office supplies, and often work with a much smaller group of suppliers.
What is the ultimate goal of of the holocaust?
There was no ultimate goal of the Holocaust. The Holocaust is a name that we use to describe a set of events.
What is the ultimate goal of the holocaust?
There was no ultimate goal of the Holocaust. The Holocaust is a name that we use to describe a set of events.
What is the ultimate goal in science?
The ultimate goal of science is to be able to answer any and all questions related to this universe.
Discuss the goal of a supply chain and explain the impact of supply chain decisions on the success of a firm?
A company may focus on the supply chain in order to achieve a low volume of materials on hand. This reduces the company's overall payments accountable and can aid in company success through more profitable margins. It can also risk production if supply stocks are reduced too much.
The ultimate goal of both diffusion and osmosis is?
The ultimate goal of both diffusion and osmosis is to reach a state of balance.
What is intermediate goal?
a goal which must be achieved in order to accomplish your ultimate goal
