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What is the Difference between value chain and supply chain?
A supply chain consists of series of activities in which a product or a material is simply transferred from a starting point to an end point, whereas in the value chain, instead of just transfering we add certain values to it. Eg: Suppose a supply chain is as follows: farmers- wholesaler-retailer-consumer. If the apples just passes through the same channels with out any grading or sorting, then it's a supply chain. However, if at any stage we add some values to the apples such as grading, sorting, packaging or cold storage, then this is called a value chain.
What is a global supply chain?
A global supply chain is, in simple terms, a comprehensive system which a business uses to move its products or services. Although this sounds simple enough, a global supply chain can be anything but. There are many facets of a global supply chain that need to be in sync- Employees, information and data sets required to keep the system running, resources used—and even the tools used by businesses to stay compliant with government regulations. All of these can be considered to be a part of a global supply chain. For more visit: agility(dot)com/en/core_services/supply-chain-logistics-solutions/
What is a supply chain and who is involved in it?
A supply chain is all of the companies and people involved in producing or manufacturing a product, placing it in a retail store, and then getting it to the customer. The supply chain would be a total of all parties involved in this.
Manufacturing and supply chain in international business?
Manufacturing and supply chain in international business are by far the largest companies employing logicians.
What are the four foundation elements of supply chain management?
The four foundation elements of supply chain management are purchasing, production, logistics and processing or collaboration between trading partners.
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.
Where is Supply chain management located?
Supply chain management is a term that is used in many businesses. This is not specifically found in one geographical region, but incorporated in many high end businesses.
Is logistic a part of supply chain management or supply chain is the part of logistic?
logistics is a part of supply Chain Management
What is Green supply chain?
Green Supply Chain Supply chain management with an emphasis on energy efficiency and environmental friendliness.
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.
What is end to end supply chain visibility?
It is a one stop shop solution for bringing in the organization's complete supply chain process in a single window.Say, a particular product is ordered online, the company then manufactures it, Ships it to its Storage points , then Deliveries, Customs and then finally reaches the customer.It undergoes all the above lifecycle mentioned above. End to End supply chain visibility allows the business to track control of the inventory/position of a particular product in the above said milestones.Regards,Srivignesh KN
What does it mean when you are asked to draw a supply chain management?
inventory management at both suppliers and consumers end
What happens to organisms at the end of the food chain if they can't get enough food to supply their energy needs?
they die
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."
When was NHS Supply Chain created?
NHS Supply Chain was created in 2006.
What is structured supply chain?
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