The document discusses supply chain management and its six key components: planning, sourcing, making, delivering, returning, and enabling. It provides details on each component, such as sourcing involving choosing suppliers and managing relationships, and delivering involving coordinating orders and shipments. As an example, it notes that Walmart and Procter & Gamble pioneered supply chain collaboration in the late 1980s by sharing information to reduce costs. In conclusion, the document examines how macroeconomic factors can impact businesses using a PEST analysis.
The document discusses supply chain management and its six key components: planning, sourcing, making, delivering, returning, and enabling. It provides details on each component, such as sourcing involving choosing suppliers and managing relationships, and delivering involving coordinating orders and shipments. As an example, it notes that Walmart and Procter & Gamble pioneered supply chain collaboration in the late 1980s by sharing information to reduce costs. In conclusion, the document examines how macroeconomic factors can impact businesses using a PEST analysis.
The document discusses supply chain management and its six key components: planning, sourcing, making, delivering, returning, and enabling. It provides details on each component, such as sourcing involving choosing suppliers and managing relationships, and delivering involving coordinating orders and shipments. As an example, it notes that Walmart and Procter & Gamble pioneered supply chain collaboration in the late 1980s by sharing information to reduce costs. In conclusion, the document examines how macroeconomic factors can impact businesses using a PEST analysis.
The document discusses supply chain management and its six key components: planning, sourcing, making, delivering, returning, and enabling. It provides details on each component, such as sourcing involving choosing suppliers and managing relationships, and delivering involving coordinating orders and shipments. As an example, it notes that Walmart and Procter & Gamble pioneered supply chain collaboration in the late 1980s by sharing information to reduce costs. In conclusion, the document examines how macroeconomic factors can impact businesses using a PEST analysis.
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IMK-MBA(2018-20) BATCH- Business Environment and Ethics
Supply chain and logistics in marketing
23/05/2019 Presented by Vibu chandran INTRODUCTION
Supply chain management is the handling of the entire
production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer. 6 components of SCM 1. Planning 2. Sourcing 3. Making 4. Delivering 5. Returning 6. Enabling Planning—Enterprises need to plan and manage all resources required to meet customer demand for their product or service. They also need to design their supply chain and then determine which metrics to use in order to ensure the supply chain is efficient, effective, delivers value to customers, and meets enterprise goals. Sourcing Companies must choose suppliers to provide the goods and services needed to create their product. After suppliers are under contract, supply chain managers use a variety of processes to monitor and manage supplier relationships. Key processes include ordering, receiving, managing inventory, and authorizing supplier payments. Making Supply chain managers coordinate the activities required to accept raw materials, manufacture the product, test for quality, package for shipping, and schedule for delivery. Most enterprises measure quality, production output, and worker productivity to ensure the enterprise creates products that meet quality standards. Delivering Often called logistics, this involves coordinating customer orders, scheduling delivery, dispatching loads, invoicing customers, and receiving payments. It relies on a fleet of vehicles to ship product to customers. Many organizations outsource large parts of the delivery process to specialist organizations, particularly if the product requires special handling or is to be delivered to a consumer’s home. Returning The supplier needs a responsive and flexible network to take back defective, excess, or unwanted products. If the produce is defective it needs to be reworked or scrapped. If the product is simply unwanted or excess it needs to be returned to the warehouse for sale. Enabling To operate efficiently, the supply chain requires a number of support processes to monitor information throughout the supply chain and assure compliance with all regulations. Enabling processes include finance, HR, IT, facilities, portfolio management, product design, sales, and quality assurance.
Supply chain management examples
Walmart and Procter & Gamble began to work together in the late 1980s and are the classic example of supply chain collaboration. Before these two companies began working to connect their supply chains, retailers and manufacturers shared little information. After Walmart and P&G demonstrated that shared information reduced cost, other retailers became more willing to consider the possibility. Conclusion
A PEST analysis is a strategic business tool used by organizations to discover,
evaluate, organize, and track macro-economic factors which can impact on their business now and in the future