Strategic Supply Chain Management - 2572 Words

1.0 Introduction Supply Chain Management (SCM) is the management and administration of a network of interconnected enterprises involved in the fundamental provision of product and service packages required by end customers. This complex discipline is the systematic and strategic coordination of traditional business functions and the tactics across those business functions within a particular company and across businesses within that company’s supply chain. The end effect is improving long term performance of the company, the companies within the supply chain, and the supply chain as a whole for competitive advantage. Keith Oliver, an analyst working for the consulting firm Booz Allen Hamilton, coined the term â€Å"Supply Chain Management† in†¦show more content†¦It plays a key role in the total SCM functions. At strategic level, purchasing plays a decisive role in decisions on and implementation of business boundaries. It acts as a link between the vendors and the company to g et involvement and help of vendors in matters like purchased material specification, matching of lot sizes and transportation packing. E. Selling is the closest link with the demand side of the supply chain. It is directly responsible to help customer know, select, buy, pay for, and take away company’s product. These products may be sold to the customers directly or through a distribution network. A sale plays an important part in decision on design of the distribution and is directly involved in its day to day operations. F. Manufacturing represents the core of internal operations of a company. No SCM policies can operate in isolation from the manufacturing activities. Manufacturing supports SCM in many ways like, reducing manufacturing lead times and supplying material closely matched to customer lot size and time requirements. G. Product design has significant impact on efficiency and effectiveness of both supply and demand side of supply chain. In addition the basic quality of the finished product sold to the end user can be improved substantially by better collaboration among channel partners. Supply Chain Management has matured from a compelling method of deriving competitive advantage, toShow MoreRelatedThe Strategic Management Of The Supply Chain2162 Words   |  9 Pages The strategic management of the supply chain does not consist of introducing innovations in order just to innovate. It is about creating a configuration that will make the strategic objectives progress. According to Slack et al. (2004, p.67) an  « operations strategy concerns the pattern of strategic choices and actions that set the purpose, objectives and activities of operations  ». 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The globalRead MorePrinciples And Strategic Elements Of Supply Chain Management1323 Words   |  6 PagesObjectives, principles and strategic elements of Supply Chain Management Supply Chain Management already exists for more than hundred years. It wasn’t defined as terminology for some period of time and it took years to develop it. It began with Fredrick Taylor’s â€Å"The Principles of Scientific Management† that was concentrated on improvement of manual loading processes all the way to Supply Chain Management we have now (Lamprecht, James; Page 180). Because Supply Chain Management spreading beyond locationRead MoreAn Analysis of Toyotas Strategic Procurement and Supply Chain Management4932 Words   |  20 PagesPurchasing Materials Management | | Strategic Procurement Supply Chain Management | Introduction The topic selected is (Strategic Procurement Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. 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Principles of SCM are: - Internal integration of purchasing and supply, manufacturing and physical distribution management - ExternalRead MoreAn Analysis of Toyotas Strategic Procurement and Supply Chain Management4917 Words   |  20 PagesPurchasing Materials Management | | Strategic Procurement Supply Chain Management | Introduction The topic selected is (Strategic Procurement Supply Chain Management). For this study, we have selected Toyota Motor Corporations as our company of choice. Toyota is without doubt the best in the world, with its many philosophies and principles on how to make the best out of the least; JIT, lean production and elimination of waste and the desire for continuous improvement are just a few ways