Online supply chain management assignment help
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What is supply chain management?
As the name suggests Supply chain management (SCM) is the management of the flow of goods. Goods Management includes the storage of raw materials, inventory work-in-progress and finished goods from source to destination (point of consumption). It is an important stream to learn in courses such as MBA and business communication. A complex interlinked network is involved to manage the supply chain. It is a much broader concept than just managing the goods. SCM concerns with multiple phases including design, planning, execution, control, and monitoring of supply chain activities.
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Conceptual supply chain management assignment help from online experts
There are three concepts in Supply Chain Management that are interconnected tightly and useful in writing SCM assignment solutions. These three concepts are Network Structure, Business Processes and Management. We can write your assignment of supply chain explaining all three essential concepts.
Concept of Network structure in Supply chain management
Network structure in the supply chain is consists of an organization, supplier and customers. The primary member of this network is strategic business units that produce goods and services that can be utilized by the customer. The role of a supplier is to facilitate the work of primary companies or organization by providing resources, information or assets.
Supply chain network structure has 3 dimensions. Horizontal Structure, vertical Structure, and Horizontal Position.
- Horizontal Structure: It is basically the number of tiers in the supply chain. A long supply chain will consist of numerous tiers and a short supply chain will have fewer tiers.
- Vertical Structure: Vertical structure refers to the presence of suppliers and customers within a tier. The vertical structure could be narrow or wide depending upon the number of suppliers and customers in a tier.
- Horizontal Position: It refers to the company’s position in the supply chain. A company can be at the starting of the source of supply, it can be near to the customer or in between both ends of the supply chain.
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Concept of Business process Integration in Supply chain management
Successful SCM requires a change from managing individual functions to integrating activities into key supply chain processes and project management. In an example scenario, a purchasing department places orders as its requirements become known. The marketing department, responding to customer demand, communicates with several distributors and retailers as it attempts to determine ways to satisfy this demand. The information shared between supply chains partners can only be fully leveraged through process integration. The key supply chain processes stated by Lambert (2004) are:
- Customer Relationship Management: Customer relationship management (CRM) model is used for managing the company's interactions with the current and potential future customers. It involves intensive use of technology to organize, automate, and synchronize sales, marketing, customer service, and technical support. Marketing includes campaigns over distinct channels, such as social media (Facebook, Google), Direct mail, telephone, and searches. You can expect fair use of CRM whe you do your supply chain homework.
- Customer Service Management: Under CSM an organization tries to determine the mutual goals for both the business and the customers. Moreover, it is concerned about establishing and maintaining customer rapport.
- Help with Procurement Process: Many strategies are employed and drawn up with the suppliers to support the development of new products and the flow management process. Depending on the size of the business, this can be done on a global basis or the local basis. The purchasing function may also develop rapid communication systems, such as electronic data interchange (EDI) and Internet linkage, to convey possible requirements more rapidly. Activities related to obtaining products and materials from outside suppliers involve resource planning, supply sourcing, negotiation and order placement, etc comes under operational management.
- Physical distribution: This is about the goods movement or customer service. As we know the customer is the end-user of the manufactured product, hence it is the final destination of a marketing channel. Aforementioned makes the product availability and customer service a vital part of the marketing channel. Time and space of customer service is an integral part of marketing. There are multiple assignments based on Physical distribution under business process.
- Performance Measurement: As we have seen that logistics competency is a critical factor in maintaining competitive advantage, logistics measuring has become important. According to a study by A.T. Kearney firms that are engaged in the comprehensive measurement of performance, have realized improvement in total productivity. There are two different types of parameters for performance measurement. First in the internal performance measurement that includes the cost, customer service and productivity measurement by the firm itself. Second is the external performance measurement that is measured through customer perception and trust for a brand and an organization.
- Warehouse Management: Warehouse management is an important aspect of the business process. Warehousing plays a vital role in reducing the cost and expenses for the company. Warehousing and logistics play an important role in the role of leadership and leadership management.
Those of you having pending homework based on business process integration can take supply chain management homework help in business integration topic. Information provided in the homework solution will certainly remove the confusions and guide you better in this topic.
Concept of TQM and Material Planning in Supply chain management
- Total Quality Management: TQM is about creating an environment in which an organization can improve continuously and deliver high-class product and customer services. There is no standard approach; however, TQM relies upon the previously developed quality control methods. These days ISO9000; Six Sigma and Lean manufacturing have taken over TQM. It is one of the fundamental concepts under supply chain management. It is common to expect a case study assignment or paper on TQM applications.
- Material Requirement Planning: Material requirements planning (MRP) is a production planning and inventory control system used to manage manufacturing processes. Most of the MRP systems are software-based while it is possible to conduct a manual MRP as well. The prime objective of the MRP system is to meet three major objectives: the first objective is to ensure the availability of the material for the product manufacturing process. The second objective is to maintain the lowest possible material and product levels in the store. The last objective is to Plan manufacturing activities, delivery schedules, and purchasing activities.
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The problems addressed by Supply Chain Management
- Distribution Network configuration is the first problem that is addressed by SCM. As we know there are multiple entities related to the complete supply chain management network, such as customer, distribution centres, cross-docks, warehouse and production facilities, etc.
- After the identification of this problem second issue to address, is the distribution strategy. Under the distribution strategy, we answer questions, such as Scheme of delivery (closed shipping, cross-dock, etc.) and mode of transportation (railroad, parcel, motor carrier, etc.). All these activities should be well-coordinated with change management to achieve the lowest total logistics cost.
- A significant cost increase can be seen it only one of the activity is optimized. Planning of logistics activities, therefore, should be planned and consistent.
- A fourth important problem that is addressed by SCM is Inventory Management. Last is the cash flow, which handles the payment arrangement payment terms and exchange of funds.
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