What is a supply chain configuration?
Supply chain configuration involves selection of suppliers, parts, processes and transportation modes at each stage of the supply chain. The selection decisions are made out of several alternatives that vary in cost, lead-time and other measures.
Why is supply chain configuration important?
Supply chain configuration lends itself to be an effective means to deal with product differentiation and customisation throughout a supply chain network. It essentially entails the instantiation of a generic supply chain network to specific supply chains in accordance with diverse customer requirements.
What are the five key configuration components of supply chain strategy?
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
What are the four 4 main elements of a supply chain?
Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
What are the main issues involved in configuring a supply chain?
What Are the Main Supply Chain Challenges?
- Increased Costs Throughout the Supply Chain.
- Supply Chain Complexity Due to Multiple Channels to Market.
- Consumer Demands Drive Need for Improved Speed, Quality and Service.
- Risk in the Supply Chain Creates Pressure.
- The Impact of Supply Chain Volatility.
What are the relationships in the supply chain?
Relationships in the Supply Chain. The term “relationships” covers a lot of ground in supply chain management. There are strategic relationships, tactical relationships, transactional relationships, internal relationships, and possibly more. There are also relationships among members of the supply chain community.
What are the 7 supply chain functions?
While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.
What are the 4 supply chain functions?
The functions of a supply chain include product development, marketing, operations, distribution, finance, and customer service.
What are the 7 principles of SCM?
Adapt Supply Chain to Customer’s Needs.
What are the 5 biggest supply chain issues?
Here are five major challenges that companies continue to face in their supply chains–and the solutions that will help logistics providers prepare for the future.
- 1 – Huge E-commerce Growth.
- 2 – Sudden Shortages.
- 3 – Centralized Inventory.
- 4 – Limited or Insufficient Visibility.
- 5 – Patchwork Logistics.
What are the three types of supply chain?
The 3 Levels of Supply Chain Management: Strategic, tactical and operational. The three levels of supply chain management are strategic, tactical and operational.
What influences a supply chain?
Factors that influence decision to integrate supply chains and achieve expected benefits include: management attitude to risk; firm size, resources and targeted market; the firm’s geographical location; the firm’s customers, suppliers and competitors; and the firm’s structure.
What are the top 3 elements of supply chain?
Generally the key aspects of Supply Chain management are Purchasing (sourcing), Planning (scheduling) and Logistics (delivery).
What are the 5 main goals of supply chain management?
The top five supply chain management goals include the following:
- Ensure efficiency.
- Optimize and standardize logistics.
- Focus on improving quality.
- Increase flexibility.
- Monitor financial success.
What are the 8 supply chain processes?
The Supply Chain Management Process includes the building blocks of Supply Chain Management are Strategic Planning, Demand Planning, Supply Planning, Procurement, Manufacturing, Warehousing, Order Fulfillment and Transportation business processes.
What are the elements of supply chain management?
Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.
What are the 7 key issues of supply chain management?
The following are the 7 most important objectives of Supply Chain Management.
- Improving Efficiency.
- Improving Quality.
- Optimising Transportation and Logistics.
- Reducing Costs.
- Enhancing Customer Satisfaction.
- Improving Distribution.
- Maintaining Better Coordination.
What are the top 3 causes of supply chain disruptions?
Several factors have hampered supply chains over the last two years, including COVID-related production issues, broad-based labor supply challenges, and the “bullwhip effects” of pull-forward ordering and precautionary inventory buildup.
What is the three 3 components of SCM?
How can we improve supply chain management?
5 tips on how to improve supply chain efficiency with management solutions
- Increase your supply chain’s visibility.
- Automate where it counts — and keep all necessary parts well-managed.
- Engage your IT department.
- Assess your training programs.
- Implement a good project plan.
What are the characteristics of supply chain management?
The characteristics of a good supply chain are visibility, optimization, having the lowest cost possible, timeliness, and consistency.
What are the pillars of SCM?
The five pillars of supply chain resilience
- Pillar 1 – Vulnerability.
- Pillar 2 – Management Culture.
- Pillar 3 – Procurement.
- Pillar 4 – Operations.
- Pillar 5 – Demand & Visibility.
What are the 3 basic objectives of supply chain?
The main objectives of Supply chain management are to reduce cost, improve the overall organization performance and customer satisfaction by improving product or service delivery to the consumer.
What are the 6 components of supply chain management?
CIO, the business magazine from Boston’s International Data group, have identified six core components of good SCM: Planning, Sourcing, Making, Delivering, Returning, and Enabling.
What is supply chain process cycle?
Supply Chain is a sequence of processes and flows that take place within and between different stages and combine to fill a customer need for a product. The processes in a Supply Chain are divided into series of cycles, each performed at the interface between two successive stages of a Supply Chain.