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Supply Chain Management Peper
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Supply Chain Management Peper
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Supply Chain Management
I plan to go into supply chain management for my career. I plan to go into this career as I feel it is something I would be great at. I would like to work at a car company when I finish college. Also, this job includes traveling and I love to travel. The definition of Supply Chain Management is, “the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage” (Handfield).
Supply Chain Management goes back as far as 1898 where the word “logistics” appeared in an article (History of Logistics and Supply Chain Management ). Education in supply chain management started in 1919 as a degree in traffic and transportation. In 1963, the Council of Logistics Management (CLM) was started. At that time, the name of the CLM was the National Council of Physical Distribution Management. In 1982, the term, “Supply Chain Management” was coined by Allen and Hamilton Inc. and Keith Oliver of Booz. Third Party Logistics (3PL) and the first supply chain analysis happened in 1985. In 1996, 69 companies founded the Supply Chain Council. Logistics became a profession in 2000. In 2010, Supply Chain became known as a profession (History of Logistics and Supply Chain Management ). Today, supply chain management is an ever growing career.
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These are people who have worked for zero to five years. The mid-career salary for working five to ten years is eighty-six thousand. An experienced Supply Chain manager who has worked anywhere from ten to twenty years is ninety-six thousand (Supply Chain Manager Salary). I hope to work my way up in the field of Supply Chain Management. Maybe I would start off as a Supply Chain Manager and work my up to the Director of Supply Chain Management. The median salary for a Director is one hundred nineteen thousand seven hundred fifty-seven dollars (Director, Supply Chain Management Salary
For example, with this job, I can make enough money to support myself in the future. In fact, the starting salary for graphic designers is around a mid-range salary; it is about forty-five thousand dollars per year. This will provide me enough money to obtain everything I need to survive on my own. I will make enough to pay rent or a mortgage, buy food, buy clothes, and provide myself with all necessary utilities in order to live comfortably. This salary can also increase with promotions; therefore, the higher the promotion I receive, the higher my salary will be. My salary can range anywhere from forty-five thousand to eighty thousand dollars per year, depending on location and title. Although this is the median salary for graphic designers, there is always opportunity to make more per
In order to succeed, managers have to realize that they cannot do it alone and they must work together on a daily basis with the whole organizations in their supply chains. Because supply chain management involves all functions within an organization, managers need to know what a supply chain is, why it is important, and the impact of supply chain management on the success and profitability of their organization. Today, Wal-Mart topped the list of the America’s biggest companies on the Fortune 500 list, “with sales of almost $345 billion — more than a quarter of a trillion dollars” (Forbs). Wal-Mart’s supply chain management is becoming recognized as a core competitive strategy.
The global supply chain has almost become a necessity for companies that want to continue to grow their business. The need to find lower cost, improve quality, and gain new customers has created the need to go global. With planning, communication and training a company can successfully navigate the global supply chain risks and opportunities. According to Manuj (2008), “by understanding the
Certain areas in the business world also changes the salary, “ Sales management- $105,206; Finance Management- $109,740; Human Resources- $99,720; Hospitality Management- $48,810; Health Care Administration-$88,580; Marketing Management- $115,750.” (Allbusinessschools.com. Business Administration Salary and Job Outlook. Web. 10/28/15) More common areas such as Accounting, Human Resources, IT Management, and Marketing can receive a six figure salary. “Accounting: Entry-level accountants earn up to $50,000, the median salary is approximately $67,000, and ten years of experience can earn about $80,000 annually. Human Resources: A mid-level human resources professional can expect to earn between $48,000 and $80,000, annually. Top-level salaries can reach $180,000. IT Management: The median earnings are $80,000 per year. Top-level IT managers earn more than $350,000 per year. Marketing: Marketing professionals earn anywhere from $30,000 for an entry-level position to $145,000 at the senior level.”(Wgu.edu. How Much Money Can You Earn with a Business Degree? Web. 10/28/15). No matter what field of business there is an opportunity to make a lot of money, and these jobs help the government and market grow with
“Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion and all logistic activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third parties service providers and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies.’
Supply chain management is basically refers to the fundamental supply chain analysis of the organization which predominantly describes functionalities from source to the delivery point. In this process of delivery, supply chain management framework divides in four categories: In Planning the products and suppliers evaluated and selected, Sourcing pull the information process including contracting, ordering and expediting, Moving is a physical process from suppliers to end user and Paying is the financial process including payment and performance measurement.
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,
Even the slowdown in current global economies could not bring retail sector down as retailers keep seeking for opportunities overseas to avoid challenging economic condition, which make this sector becoming more globalised and competitive. As an heir of an industrial components retailer, I also believe there are bountiful opportunities to grow in this emerging industry. But without deeply and truly understanding in every aspect of retailing, one could not survive in the battle. For this reason, I would like to pursue my education further by studying Master in retail management to obtain knowledge in retailing and hopefully become successful in the field.
In fact, experience in this field tends to impact compensation minimally. Individuals who have worked for fewer than five years bring in approximately $35K on average. Those in the five-to-ten-year range can expect an average that is only a touch bigger at $38K. On average, Live Performance Stage Managers make $42K following one to two decades on the job. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $52K, demonstrating that compensation is roughly commensurate with experience in the
‘Supply chain management integrates supply and demand management within and across companies. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, thir- party service providers, and customers’. (Web: Council for Supply Chain Management Pr...
Find a job about product management from a local company which can sponsor international students in 6 months. From now on, 3 months before graduation, starting to look for jobs, go to job fair and submit resume on the internet. Transfer to H1B visa in 1 year. And be a product manager in 3-4 years. I choose this year range because most of the recruit and employ requirement for a product manager is 3 to 4 years product management experience.
My job at TCS has exposed to the various nuances of Supply Chain Management and therefore, I feel I can add value to my profession through a pursuit of this course.
The key performance drivers of Supply Chain Management (SCM) are - facility effectiveness, inventory effectiveness, transportation effectiveness, information effectiveness, sourcing effectiveness, pricing effectiveness, delivery effectiveness, quality effectiveness and service effectiveness. These drivers include various performance markers that may be measured quantitatively by gathering information and applying them in SPSS. The works here may principally be quantitative with spellbinding measurable investigation. In the current world, practical supply chain management to help the triple primary concern, (nature, domain, and economy) is likewise included in the extent of supply chain performance drivers. This is relatively a quite new research region.
A supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products, and deliver the products to customers through a distribution system [1]. The basic objective of supply chain is to “optimize performance of the chain to add as much value as possible for the least cost possible.