Supply Chain Management Flashcards
The concept of the blank..variesfrom that of thr conventional logistics concepts.
Supply chain management
Is a line up companies that markets good or service
Supply chain
Supply chain management itegrates stakeholder integration between clients and the provider
Integrated behavior
In particular for planning and surveillance processes,an efficient SCM exchange information between channel participants is needed.
Mutual sharing information
Effective SCM often includes reciprocal channels risks and incentives to hae competitive benefit.
Mutual sharing channel risks and rewards
The successful SCM requires cooperation between the channel participants.
Cooperation
Supply chain is effective where all supply chain members serve consumers with the same objective and concentration.
Focus service customers
Implementing SCM requires the convergence of system from the supply chain to product to delivery.
Integration process
The objective of successful partnership is to merge channel policies to reduce duplication and overlap in the search for a degree of cooperation that makes partners more efficient at lower costs.
Partner to build and maintain long term relationships
9benefitsof supply chain management
1.Builds stronger and support with clients
2.providesbetter distribution processes,with less delay,for demanded goods and services
3.increase efficiency and function for companies
4.lowers shipping directly and warehouse cost.
5.eliminates costs directly and implicity
6.supports the shipping at the right spot with the right goods.
7.enhances asset management and encourage the effective implementation of just in time inventory models
8.assist businesses in responding to global dynamics, economic upheavals,growung market preferences,and social dis-parties
9.assist businesses in supply chain to reduce duplication eliminate risks and achieve efficiency
FUNCTION OF SUPPLY CHAIN MANAGEMENT
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At the strategic level, decision are long term and have a broad ipact on the entire supply chain
Strategic level
Deciding on the optimal location of facilities
Network design
Identifying and selecting strategic suppliers
Supply selection and relationship management
Collaborating with suppliers and customers
Product development and innovation
Focuses on medium term planning and execution
Tactical level
Forecasting demand and developing production plans
Demand planning
Determining optimal inventory levels settings
Inventory management
Monitoring and evaluating supplier performance
Supplier performance management
Planning transportation routes modesand carriers
Transportation planning
Decision are short term and focused on day to day objective.
Operational level
Receiving and processing customer order
Order processing
Managing inventory replenishment cyle counting
Inventory control
Creating daily production schedules
Production scheduling
Managing the movement of goods within warehouse
Warehouse and distribution
FACTORS AFFECTING SUPPLY CHAIN IN THE HOSPITALITY INDUSTRY
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The demand for hospitality services can vary significantly depending on the time of the year
Seasonality
Events like natural disasters politacal instability pandemics
Global events and crisis
A reliable and efficient supply chain depends on the reliability of suppliers
Supply reliability
Increasingly consumers organizations are priotizing sustainable and ethically sourced products.
Sustainability and ethical sourcing
Advanced in technology have transformed…..
Technological advancements
Compliance with health and safety regulations labor laws
Regulator requirements
Efficient transportation and logistics are crucial for well functioning supply chain
Transportation and logistics
