The emergence of online shopping in the last decade and pressure to reduce cost in manufacturing sector has made supply chain management a very crucial subject in management course. Students need to solve numerous assignments and essays on supply chain management as a part of their academic curriculum. All Assignment Experts provide Supply Chain Management assignment help to students in UK, USA, Canada, New Zealand, Australia and other countries. We have solved multiple SCM case studies on some of the trendsetter companies including Amazon, Zara, Dominos Pizza, Walmart, Best Buy etc. These companies have redefined the SCM operations to reduce cost and provide faster delivery to its customers. We also implement the concepts we learn in case studies, while providing Supply Chain Management Essay Writing Help. If this subject is so important for management students, then why not learn few basics of SCM that will help us in our course?
Supply Chain Management or SCM can be defined as the monitoring of information, finances, and material involved in multi stakeholder process i.e. from supplier to manufacturer to wholesaler to retailer and finally to the consumer. Supply chain management deals with coordination and integration of these flows among companies to optimise processes and to reduce delivery cost and time. It involves the study of storage and movement of raw materials, work-in-progress and finished products from where they originated to the point of final consumption. According to SCM experts, the main goal of any efficient SCM process is to aid in the reduction of inventory assuming all the products are available when they are needed. Software systems which are highly sophisticated alongside Web interfaces aim to provide integrated supply chain services for various companies. The Practice of SCM draws heavily from parts like systems engineering, industrial engineering, logistics, procurement, operations management, marketing among others.
As the online retailing companies provide higher discounts to the customers to gain market share and enter into a price war, SCM will have to bear the burden of providing cost efficiencies to the companies.
Supply chain management is an approach that is cross-functional and includes the administration and movement of raw material into an organization. It also involves specific parts of the processing where raw materials are converted into finished goods and the process where finished goods are moved out of the organization to the final consumer.
Organizations want to reduce their ownership of sources of raw materials and channels of distribution as they try to emphasize on the core competencies and gain more flexibility. Hence, supply chain functions are increasingly being outsourced to other firms who carry out those activities these processes cost efficiently and in less timeframe.
SCM has evolved with the evolution of industries and the changing requirements of businesses and customers. The upgrading transportation and packaging industry has also impacted the supply chain of various companies. However, few concepts in SCM remains the same throughout years. Listed below are few important concepts in supply chain managment.
Supply chain management is divided into three major flows which include;
Information Flow - The information flow deals with the transmission of orders and the keeping of delivery status up to date.
Product Flow - It is the transit of goods from the supplier to a customer alongside the service needs or customer returns.
This may seem easy as per the definition, however once you start designing the flow diagram for any company, you realise how complicated it is to understand and improve the process flow. Enhance your understanding of the all the complex supply chain flows through availing quality Supply chain management essay writing and case study help from our MBA experts.
There are two main kinds of software for SCM i.e. the ‘Execution Applications’ and the ‘Planning Applications’. The planning applications utilize advanced algorithms to determine the best way an order is filled. Whereas, execution applications help in monitoring the management of materials, the physical status of goods and the financial information associated with all stakeholders
The planning applications include the following:
Determining the demand for specific types of product and creating a plan for manufacturing and sourcing for these products.
Determining the volume of goods to be manufactured in a given time frame.
Identifying where the finished products will be stored.
Noting the mode of transportation to be utilized in the delivery of the products.
Determine the level of inventory for intermediate products, finished goods, and raw materials.
Deciding the quantity of products a business should make so all its customer demands would be met.
Some applications of SCM are based on open data models. They provide support for sharing data both outside and inside the enterprise which is known as the extended enterprise and has to do with major manufacturers, suppliers and end customers of a particular company. This data can be shared upwards with the suppliers of a company and downwards with the clients of the company.
The applications of SCM help to reduce cost for all the stakeholders in supply chain and enable them to manage available resources better and make plans for future needs.
Supply chain management provides the following benefits to organizations:
Supply chain management is important in reaching out to the customer in the most cost efficient manner.
SCM is crucial for organizational learning. Firms that have an extensive geographical reach tend to be more productive and innovative in procurement and distribution of the goods.
It helps in the improvement of customer service by delivering the required product at the right time and location. This also helps in increasing the organizational sales.
Businesses can maintain financial records – Amount to be paid by the clients and amount to be paid to the suppliers.
SCM reduces the bottom line of the organization by reducing the transportation, packaging and inventory cost.
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Though the supply chain management homework is relatively easy, most students have issues with it due to quick turnaround time. Our supply chain experts provide instant online supply chain essay writing help as per your requirements. We have solved numerous SCM case studies, assignments, essays for students in USA, UK, Canada, Netherlands, Australia, New Zealand and other countries. Our vision is to ensure the academic success of all our MBA Students. Listed below are few reasons why you should consider taking Supply Chain Management Assignment Help from our experts.
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Popular topics for which students come to us for online help are:
|SUPPLY CHAIN MANAGEMENT TOPICS|
|Customer relationship management||Procurement Process|
|Customer service management||Performance measurement|
|Demand management||Warehouse Measurement|
|Order fulfillment||Total Quality Management (TQM)|
|Manufacturing flow management||Materials requirement and planning (MRP)|
|Supplier relationship management||Push Vs Pull|
|Product development and commercialization||Synchronous Supply chain|
|Returns management||Service logistics|
|Time to market||Bullwhip effect|
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The 5 Basic Components Of A Supply Chain Management System as per our Supply Chain Management Experts are:
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