supply chain management (4)

12264168085?profile=RESIZE_710xGreater emphasis should be placed on the procurement function than it presently does in the majority of organizations.  A considerable number of procurement-related administrators are deficient in the requisite knowledge and perspectives to discern deficiencies and efficiently manage the function.

In this age of swift fluctuations in supply and demand, intense competition, constrained materials and resources, political instability, and failure to concentrate and enhance critical capabilities is a

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9020351661?profile=RESIZE_400xA traditional Value Chain involves a linear sequence of activities—from conversion of raw materials into components which are assembled into products.  The products are then distributed, marketed, sold, and serviced.  Management plans and execute strategies and operations based on this sequence.

This set of activities worked well for organizations in the past.  However, this linear progression does not encourage Innovation and provides little protection from the risk of being outperformed by riva

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8591481276?profile=RESIZE_400xCut-throat competition in industries has driven companies to find ways to reduce costs while increasing efficiency.  To accomplish this, most companies have skillfully endeavored to streamline Sales, Operations Planning, Forecasting, Inventory Management, and Logistics.

One area that has still not grabbed industry’s attention is out-bound Supply Chain Managemen–from packaging to final delivery.  Companies generally neglect Supply Chain simply because they do not consider it their core competency.

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8534714694?profile=RESIZE_400xCompanies looking to improve efficiency and reduce costs can gain significant ground in the Supply Chain Management function by incorporating Lean Management and Six Sigma techniques.

Reason this area has gone under the radar is that companies do not consider Supply Chain to be their core competency.

Not only Warehousing but Transportation also has almost the same potential in terms of opportunities for Cost Reduction and Process Improvement.  The approach to Transportation Costs Reduction, though

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