The article describes about the supply chain management and various activities and programmes involved in supply chain management. The author even explains different phases in the evolution of supply chain management. Mainly focuses on the 7 principals which bring host of competitive advantage to the company. Andersen consulting listed all the 7 principles and briefly explained them. The role of logistic professionals and the use of technology in the implementation of the system. The relation between the information technology and the supply chain management were explained. Mostly the use of supply chain management is explained.
Critical analysis:
The main concept in this article is supply chain management which starts with the customer and ends with the customer. It is a programme involved from raw material to customer. To know the needs of the customers and providing them in time and satisfying them is the main motto of the system. The main components of the supply chain system are sourcing, order processing, inventory management, transportation, customer service. Apart from all these activities information systems plays key role in monitoring all of the above activities. The main advantage from the supply chain management system is reducing operating costs and improving productivity with profits.
Value of the article:
This article helps in gaining the knowledge about the supply chain management and the technological aspects of the system. Supply chain management adds value to the organisation and improves the organisation in all aspects. Many of the companies implement these systems to gain competitive advantage over the others. This article also provides the information about the profits and advantages of the supply chain man...
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...he rights to monitor and assigned role for management of institutions to achieve excellence, efficiency and equity. In my opinion Indian institutions and organisations should implement total quality management to improve quality of resources and educations for the students.
Value:
In my opinion total quality management plays a crucial role in the development of the country and the individuals. Total quality management is essential for survival and growth. It even enhances capacity utilization. Indian academic council should take initiative in implementing total quality management in all the institutions. When we compare India with other nations it is far away in the race. Implementation of total quality management doesn’t require much money but even helps in saving. If this management system is implemented in India we can see a great development in the near future.
Supply chain management is connected with the flow of products and information between supply chain members and organizations. New development in technologies enables organization to get correct information easily in their premises. Technologies used are helpful in coordinating the activities which manage the supply chain. By this the cost of information is decreased because now we have increasing rate of technologies. In an integrated supply chain where product or raw material and information flow in a bi-directional we as managers needs to understand that information technology is more than just computers.
In business terminology, supply chain is the name given to a network of facilities and distribution options that performs the functions of procurement of materials, their transformation into intermediate and finished products, and then later the distribution of these finished products to customers. Although it may seem that supply chains are only important to manufacturing industries, they exist in service industries also. The actual level of its complexity may, however, vary greatly from industry to industry and firm to firm.
“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.
Implementing a Total Quality Management concept in an organization requires commitment from the top, a high level steering committee, plans for the early phase of implementation and a means of providing the necessary training (Goetsch & Davis, 2014). Planning and organizing means little if the infrastructure to support deployment and continual improvement does not exist. Infrastructure that supports deployment of a Total Quality organization include procedures, organization and union considerations.
Total Quality Management is a management approach that originated in the 1950s and has steadily become more popular since the early 1980s. Total Quality is a description of the culture, attitude and organization of a company that strives to satisfy the customers’ need with their products and services. To ensure the quality, it is critical to undertake the voice of the customer, in order to developing innovative products and services. The culture requires quality in every single aspects of the company’s operations, with the processes of driving company workforce engagement, customer satisfaction, and staff motivation.
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,
Total Quality Management is a management philosophy driven by customer needs and expectations. TQM focuses on quality and builds a management method based on full employee involvement. Its aim is to achieve long-term successful management through long-term customer
The ability to manage supply chains effectively is a key component of corporate success. Adopting a supply chain management strategy (inventory strategy) that works to minimize costs, enhance quality and efficiency of products and services rendered, and maintain sufficient levels of inventory while reducing associated carrying costs is ideal for all businesses. Achieving such a goal, however, is quite challenging and most businesses adopt inventory strategies that best enable them to fulfill their most primary needs (e.g. reducing inventory costs and delivering high-quality products). Supply chain management relates to “the management and coordination of a products supply chain for the purpose of increasing efficiency and profitability” (Investopedia, 2008). In order to deliver quality products to customers in a timely manner while decreasing operating costs, businesses must have a sound understanding of supply chain management (SCM) and all that it entails.
‘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...
This report gives an insight about the various aspects of supply chain management and operational management and also the important strategies involved. It also explains the importance of managing the supply chain in the business perspective.
The methods of total quality management attacks the systems and procedures not people. For instance, if an employee shows lack of interest, it’s usually a failure in the process or the procedure not on the employee. When deciding to integrate total quality management, managers must comprehend that the TQM method needs to be monitored continuously. Once the plan has been developed a course of action needs to be taken. To achieve optimal success total quality management system needs to be organized and prioritized. The goal of total quality management is internal and external satisfaction. Employee empowerment is an internal goal and an external goal is customer satisfaction.
The 1990’s are the period of Globalization. In order for businesses to be economical in this setting they have seen the authoritative need for Excellence. Though through the eras foremost to the 90's there have been many "experts" who have obviously emphasized the necessity for Total Quality Management Systems in businesses, but due to many aspects these concepts have either gone unheard, or been tinkle word for a short while. A methodical, purposeful, value model like TQM should be sincerely sightseen and misused. Continuous developments are possibly the greatest influential idea to guide administration through the a...
The traditional outlook of supply chain management only focused on delivery f goods to the customer at the cheapest price possible but the definitions of supply chain has been altered over time.The new supp...
That also creates the need for the training, which is very important for companies to implement the QMS. The standards have been developed over the course of the quality history from quality control to quality assurance. Basically, implementing a Quality Management System is important for companies to succeed in today’s market, and will enhance customer satisfaction, and improve internal processes. It becomes more and more a necessity for international companies because it saves a lot of money in one hand and time in the other.