Question

Supply Chain Management

Concepts, Motivation and Challenges in Supply Chain Management

Responsive vs Efficient Supply Chain

Information Systems in Supply Chain Management

Bullwhip Effect, Outsourcing, Supplier Relationship

What is the most important function in Operations management? Relationships- Why is this statement true?

Answer 1

Answer:

Answer:

SCM is a Managing the chain of material, information, money. It integrate all the department in the organisation & its external vendors. SCM focus on customer & customer service. So its not about the ability to supply nut ability to supply with to add more value to customer.SCM focus on

• Make to order/Engineer to order
• Non-core outsourcing
• Multitier supplier partnership
• Multiparty net logistic
• Highly sophisticated IT system

SCM is a set of approaches to integrate Suppliers, Manufacturing Centers, Warehouses, Dist. Centers, Stores & Retail Outlets; so that the merchandise is produced & distributed at the right quantities, to right locations, at right time in order to minimize system-wide cost, while satisfying service level requirements.

SCM goals are Value enhancement,cash release,cost reduction.

Responsive Supply chain are Most flexible to diverse & unpredictable demands. Instead of focusing on accurate forecasting, build a Responsive SC with Postponemet.

Efficient SC :Highest Cost Efficiency, Eliminate non-value added activities, Effective logistics & distribution, Employ all possible productivity improvement measure.

The bullwhip effect is a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain