A supply chain is a network between a company and its suppliers to produce and distribute a specific product, and the supply chain represents the steps it takes to get the product or service to the customer. Supply chain management is a crucial process, because an optimized supply chain results in lower costs and a faster production cycle.
Company's Supply Chain
Management department functions:
·
Inventory management
· Transportation service procurement
· Materials handling
· Inbound transportation
· Transportation operations management
· Warehousing management
BY SAURABH GULATI
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ReplyDeleteEDI(electronic data interchange) help to interchange data between supplier,manufacture and customer for real time transactions one of the biggest transformation in supply chain
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ReplyDeleteUsing a real-time dashboard reporting to take the pulse of a supplier chain:-
ReplyDeleteA management system must provide robust capabilities for real-time reporting. This should include on-screen dashboards that provide a view of the entire supplier chain. The software also needs to offer clients for the major mobile platforms, including iOS, Android, Windows Phone, and BlackBerry. Additionally, these mobile dashboard screens need to effectively scale between the smartphone and tablet form factors, which is easier to do in iOS.
Reporting is vital for tracking overall chain performance and metrics. Data for short orders, inventory turns, and on-time shipments need to be easily accessible. This information is crucial for improving the efficiency of any supplier management system.
VMI vendor managed inventory help to optimize inventory providing value streamlining
ReplyDeleteThe fundamentals of the Lean Supply Chain are still valuable, but there is a shift to Agile?
ReplyDeleteAgile methodology is an alternative to traditional project management, typically used in software development. It helps teams respond to unpredictability through incremental, iterative work cadences, known as sprints. Agile methodologies are an alternative to waterfall, or traditional sequential development.
Introduction of drone based Physical stock verification reduce cost of resources
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ReplyDeleteGreen Supply Chain - Initiatives Implementation of green initiatives has emerged as one of the top trends in the Logistics & Supply Chain industry worldwide. The volatile economic conditions have urged the players of the supply chain industry to rethink on their strategies and prioritize achieving long term sustainability as one of their main focus area.
ReplyDeleteGreen Supply Chain In today’s world ‘logistics & supply chain cost’ not only refers to money, it also includes the external costs of climate change, air pollution, dumping of waste, soil degradation, noise, vibration and accidents. Reducing this cost is Green supply chain. Green supply chain is quickly gaining prominence throughout the logistics and supply chain industry as protection of environment has appeared as one of the top rated objectives among the governing bodies all over the world.
The key drivers of Green initiatives –
1)Increase in supply chain efficiency.
2)Financial stability by securing greater return on investments.
3)Improved customer relations.
Implementing vendor-managed inventory (VMI) can help manufacturers eliminate excess inventory and run a tighter supply chain.
ReplyDeleteCommunication with suppliers key to VMI.
ReplyDeleteVMI closes gap between supply and demand.
patanjali supply chain management
ReplyDeleteThe three phases of patanjali’s supply chain are product flow, information flow and cash flow. Patanjali has recently completed a tie up with Future group to sell the products. They also sell their products through their own outlets opened in almost every district/city of India. Each outlet has to send their demand to central office at Hardiwar. Then as per the demand, various products are gathered from various units of Patanjali. The items are delivered to outlets majorly through Patanjali transport.
therefore it can be diagramented as
farmer-producer-supplier.
latest advancement in WMS provide a streamlining for organization
ReplyDeletein upstream and downtream