Essays on Supply Management

Similarity between customer relationship management and supply chain management

The supply chain management within the companies is responsible for constant supply of the materials, the financial resources and the information that the company needs in order to undertake quality production of its goods and services and to do it in a timely manner. This, the supply chain management does by coordinating the work flow right from the vendors to the manufacturers and also from the distributing sectors to the retailers. Using the effective techniques of supply management, the supply chain management helps in this way to reduce inventory and ensure that the products are available to the company ...

Summary

A quality management system is a set of policies that involve processing and procedures for execution and planning in the primary business area of an organization. The quality management system refers to the entire system in the business sense. A quality management system integrates the many processes that occur within the organization and thus purposes to give an approach of processes that is needed for the execution of the project. A process based quality management system makes it easy for the organization to identify, improve and control the processes that eventually lead to the improvement of performance in business. ...

According to Weele (2009, p4), effective strategic purchasing is growing rapidly throughout because the organizations have realized it a potent avenue to achieve the company performance in short and long term. These includes attaining their strategic goals, improving the consumer satisfaction, improve the efficiency of the services rendered and many others. Hartmann & Blome (2010, p45) argues that the reason for such is because the quality of goods or raw materials in the organization enhances the organization’s performance. The cost of goods and service procured is also important in determining performance. Various theories are explaining the importance of the ...

Organizing and managing multiple suppliers

Starbucks is a coffee company that deals with providing coffee drinks and products in its dispersed chain stores. Considered the leading provider of second wave coffee, Starbucks’ products are distinguished for their taste, customer satisfaction ratings and quality (Sacks 2014). With a big market capture production is inevitably high which in turn leads to high supply of the needed materials. Due to the ranging chain stores in different parts, the procurement department needs to have rigid procedures for efficient purchasing and supply management. A good costs and quality consideration PSM practice translate into positive financial outcomes (Evi, Dietar & Michael ...

Question 1: What alternatives should Barney Rubble consider when addressing the problem?

The process of selecting a supplier is crucial for any business because the final decision has a direct and substantial impact on quality and expenditure (Cheraghi et al., 2011). As such, Mr. Rubble should consider each supplier critically to ensure that Pacific Healthcare gets the best deal regarding quality and price. According to Cheraghi et al. (2011), the most important factors to consider when selecting a supplier are quality, delivery, price, and repair service respectively. However, the Pacific Healthcare supply strategy emphasizes on quality and services more than the cost implications of the supplier choice. Therefore, Mr. Rubble should ...

Ethical issues in procurement

Perception of the Impropriety The intention of the appearance in ethical or any compromising conduct, actions, and communication in business should be prevented. The professionals in supply chain management should deal with both internal and external customers and suppliers. Therefore, such interactions must be honest and fair minded (Crmlearning.com). Consequently, certain actions that appear to diminish ethical conduct have to be avoided.

Conflicting Interests

Any personal or other activities should not conflict with the lawful interests of the employers. Therefore, in ethical procurement, the professionals in supply management should not apply their positions to induce other people to offer inappropriate benefits ...

Suppliers play a key role in the performance of various firms. Supplier assessment is a process involving evaluation of available suppliers and selecting the best through both quantitative and qualitative assessments. The process can be conducted on both new and existing suppliers for purposes of performance improvement, cost reduction as well as risk mitigation (Gordon, 2008, p.232). Supplier management involves managing the relationship subsisting between the organization and its suppliers for purposes of maximizing the benefits arising from this relationship. This paper therefore focuses on supplier assessment and selection as well as methods so managing the relationship between suppliers ...

Supply Chain Management Major and Career Paths

The Supply Chain Management major offers equips students with wide-ranging knowledge, abilities and technological skills they need so as to secure employment in leading supply management roles. The necessary knowledge and skills extend to the higher levels of supply chain management and its functional areas including global procurement, strategic sourcing, brand management and supply chain alignment. The major solidly exposes a student to supply management, operations management, business-related marketing and logistics. Additionally, through experiential learning a student is able to understand more about supply chain management and the business environment. The knowledge and skills offered are not only limited ...

Background and Rationale for Choosing Kraljic Model

Supplier relationship management is necessary for long term success and sustainability of an organization. Apple Company has over the years been able to boost its supplier relationship by engaging competent suppliers who identify the need for technological advancements and sustained profitability. Among the factors considered by Apple is the need to reduce costs of sourcing for raw materials and reducing the risks associated with supply chain inefficiencies. The Kraljic supply chain model is a key tool that is applicable in Apple’s operations considering that there are two aspects Apple looks for when engaging its suppliers. The two elements ...

Introduction

Supply chain management primarily entails the coordination of functions within an organization as well as tactics used to execute those functions. Also, it involves tasks’ coordination across the partners participating in the supply chain with the principal objective of ensuring improved organizational performance. The definition of the supply chain clearly depicts the nature of the coordination between the partners involved in the business and appreciates the primary purpose of the supply chain management. Apparently, this approach aims at improving organizations’ as well as the individual performance (Lee et al., 116). There are two main components of the supply chain, ...

Introduction

The lean concept has gained popularity in the recent past especially in the globalization of various business operations due to the introduction of multinational organizations. Different lean principles as explained in the paper enable organizations to overcome waste in various trade actions carried out. The concept makes business organizations achieve their objectives more flexibility and profitability, making businesses able to control their operations in the most optimal way possible. Waste, as used in the paper, implies the various activities that limit the smooth flow of business process with no value addition to the commerce. Some of the main activities ...

We live in tough times. For example, the State of Greece’s insolvent economic-bubble bursting may bemuse certain high-level German or IMF officials, but in reality the situation is no laughing matter. The unrelenting fact is, that negotiations matter. Whether parties plan to negotiate terms of future business, or getting out of a serious nationwide financial scrape or collapse, best practices in negotiations is a critical part of the world today. The task of this research paper must convey an adequate summary of the Greek current financial crisis in ...

Problem statement

UMUC haircut is a growing business facing new challenges that come with business expansion and increased revenues. The business is unable to effectively manage its customer and employee scheduling, supply management, and customer information and marketing. Appointments are only done by phone indicating a major operational weakness. The business also accepts customer walk-ins on as an available basis. This further makes it difficult to manage scheduling. In terms of supply management, the business is unable to maintain and keep track of its supplies and stocks. The need to recall customer preferences is also important for marketing purposes. When regular customers come ...

1. Please list two goals that you have for yourself right now.

The reason why I want to study supply chain management is not only because this program is ranked at number one position in the US but also because this is the field that I really want to work in. It is my aim to excel in the supply management field. Time management is the key to success in all fields today. The firm that ships materials on time or better even before time gets the edge. For some people who are not familiar with SCM, they ...

- The intra-industry trade index analysis has been done for many years, the latest being 2008. With regards to overall manufacturing, Japan, Germany and Canada had an index of 53.7, 77.2 and 75.6 respectively. With regards to machinery and equipment, Japan, Germany and Canada had an index of 66.3, 76.2 and 67.5 respectively. With regards to transport equipment, Japan, Germany and Canada had an index of 24.8, 67.1 and 93.4 respectively. For the three industries, Japan achieved prominently low indices when compared to Germany and Canada. By these indicators, the statistics show that Japan was lagging behind in the ...

For a company that activates internationally, supply chain management represents a major aspects, enrooted in its business nature. Not only operations supply chain management influences the type of business performed and the implicit commercial and marketing activities, but it also impacts the overall performance within an organization. For Natura, an international brand activating in the cosmetics industry, the supply chain management implies additional concerns, as the company solely utilizes natural and organic ingredients for its beautification and hygiene products that it commercializes.Its activity includes producing beauty and personal care products such as skin and hair care, fragrance, lipsticks, creams, hair dyes, ...

Myra Morningstar opened UMUC near the college campus in 1995 (Turban and Linda 14). The UMUC Haircut began as a barbershop with only one chairperson. Myra has succeeded in expanding the enterprise over the years to include hair styling for both genders. Currently, the barber has three barber chains, styling and shampoo chains. Myra is responding to her customers’ requests for the addition of two more stations for manicures. In the early business when the start up started, it was the only barbershop within a ten-mile radius and every year the business has been able to get additional customers. Currently, other ...

Introduction

Purchasing and supply management plays an important role in operations of companies because other functions of the companies depend on the procurement function. In this paper a number of issues will be considered including the role of supply management in the operational process, the strategies of negotiating prices, budgeting supplies, materials, and service, outsourcing procurement function, and the best supply management practices with examples. Supply management is one of the core functions of the company. The information presented below will attempt to justify the importance of supply management function.

Question 1

Purchasing and supply management is an important part of the operational ...

Introduction

Risk is very common in any business. According to the definition given by Knight (1999), risk is measurable ambiguity of outcome whose impact may be either optimistic or pessimistic. Usually, risk is measured and expressed in terms of strong index. Many researchers think risk as unwanted event and this risk have statistical expectation value for ranking the seriousness too. Risk analysis can be defined as mathematical product value of strong and disutility. Procurement management offers advantages on economies of scale in purchasing and delivering the goods and services at right time and right place in order to minimize the risk involved ...

Introduction

Supply chain management (SCM) is the mixture of art and science that gets channeled into enhancing the way a company can find the raw components it requires to make a product or service and then deliver it to customers. The process contains five components: planning, sourcing, making, delivering, returning.

What are three major attractions of careers in supply management?

There are three main and basic careers that can be found in the supply management process

- Process Engineer Process engineers usually analyze processes within a corporate entity and then develop improved processes that are able to make better and safer use of labor, energy, materials, and other resources. - Supply ...

Purchasing function has always been one of most important functions related to running an organization, involved both in manufacturing and providing services as lack or poor quality of raw materials results in organization’s inability to manufacture goods or create service, or poor quality of manufactured goods and created services. According to Burt, D. N., Petcavage, S. D., & Pinkerton, R. L. (2010), evolution of separate branch of management, aimed at managing supplies was predetermined by a range of factors. Among them it is worth mentioning such critical trends as globalization, evolution of global sourcing, extension of supply chains and ...

Brief Summary

The story relates to three pigs that leave home to try to find their destiny. As such, each pig built a shelter using different materials. Two of the pigs build their dwellings with noticeably very insubstantial materials. The first pig build a house using straws while the other used sticks. Subsequently, the wolf blew the two houses and fed on the two pigs. However, the third pig was more cautious and used bricks. The wolf was unable to huff and puff the house as had done on the earlier occasions. He tried to use tricks on the third pig but to ...

Supply chain management is one of the processes that control the flow of goods and services. It entails the storage and movement of work-in-progress inventory, raw materials, as well as finished goods from production to consumption level. It is worth nothing that supply chain management incorporates a lot of networks, businesses and channels. Supply chain management focuses on supply management and purchasing operations. There are key purchasing operations and supply management issues. In identifying the key purchasing operations and supply management issues, it is crucial to comprehend the fact that the entire activities are a process (Cetinkaya, 2010). Supply chain management ...

Management

In fast food industry operations and supply chain is one of the core areas where every company has to focus on to get the desired result. In United States few of the fast food giants provide different experiences of food and services. Hamburgers are one of the favourite fast food for most of the fast food lovers and amongst teenagers. Preparation of food, its taste, ingredients, variety of toppings and delivery on time are few of the issues count in operations that do matter for customers to experience the services and feel the difference. McDonalds and Wendy’s are ...

As Vice President of Supply Chain Management System I cannot help drawing the attention of company to the lean production that was founded as an interpretation of the ideas firstly implemented by Toyota production system. The concept of "Lean" united two different approaches, while aligning the improved quality, high-speed processes and a wide range of goods and services. This concept is oriented on attainment of the lower costs ensuring high quality and high speed of processes. Modern aspects of the concept “Lean” play the vital role in company logistics and its implementation. The transportation is the source of logistic ...

One of the most detrimental outcomes of climate change, particularly unpredictable rainfall patterns, is water shortage. Since water is essential, it is highly important that concerned public and private entities prevent or address water shortage. Fortuitously, opportunities exist to manage water shortage. Infrastructure development, for instance, is one of the solutions to water shortage. Communities, particularly those with limited water sources such as countries in the dry regions of South Africa, need infrastructure that would curb shortage. Existing infrastructure include those that contribute to water supply management as well as other systems or schemes that aim towards similar goals. ...

Introduction:

Moreover, the process of Green Supply may as well be considered as the practice of monitoring and enhancing environmental performance alongside the supply chain. Incorporating environmental awareness into the supply chain management, entails product design, viable raw-material sourcing and selection, efficient manufacturing processes, distribution of the final produce to the consumer as well as post-life product management, particularly after product use (Emmett & Sood, 2010).

Responsible production and consumption:

Greening the Supply Chain and Globalization: In the modern market domains, globalization improves the opportunities for buyers in products’ acquisition. As buyers elevate their focus on environmental improvements, this in turn enhances the supplier ...

There has been a growing need for proper waste management strategies in various growing co-operations in the world. This is due to the emphasis that has been made by various international environmental conservation organizations on the need for companies to provide a favorable working and living environmental for people in the world. The need for environmental friendly integrations is driven by the need to ensure that there are no further negative impacts that are made on the environment due to poor waste management and other wastes emitted from companies in production such as carbon monoxide emit ion and other poisonous gases ...

Supply management refers to the systematic and strategic coordination of the business functions and techniques across the business departments in relation to other partners in the same or different fields. The primary functions of a supply chain include the inventory management, distribution, payment, financial, supplier, transportation and customer service management. This essay seeks to build a framework in which the solid continuous planning and well-organized delivery infrastructure form the foundation of a successful supply chain. This essay intends to examine the differences and similarities of a smart phone and breakfast cereal distribution network. As a point of departure, any company that needs to ...

Procurement means an acquisition of goods, works or services from the external sources. It is necessary that the goods, works or services are suitable and that they have a best price to satisfy the requirements of the buyer regarding the quality and quantity, location and time. And this is the basic task of the purchasing management.

Evolution of the Supply Management in the Recent Years

As any other branch of management, supply management is a constantly developing process. “During the last 90 years, political, economic, technological and social evolutions have influenced operating models, leadership styles and technical skills necessary for supply management colleagues to succeed. Before 1914, supply management, ...

Figure 1 Risk management plan 7 Figure 2 Key data in the project of Terminal 5, United Kingdom (Khumpaisal et al. 2010) 10 Figure 3 Key players involved in the Project Terminal 5 United Kingdom (Khumpaisal et al. 2010) 10

Procurement and tendering of a Major Infrastructure Project

Project Name and Location Mater Hospital Extension, Newcastle, NSW Introduction The Mater Hospital is the first ever hospital that is being built under public-private partnership in New South Wales. The Government of NSW has signed a contract with private sector partner Novacare for 28 years. That involves the construction of new hospital buildings, extension of ...

Abstract

Ethics is an integral part of virtually every organization that is serious in the implementation of its business practice. Therefore, it is imperative that every organization to have an ethical policy or in other terms, a business code of conduct for the company in question. Ethics has attained absolute relevance in companies. This is due to its enormous contribution in creating codes of conduct that streamline business practice in every organization. Indeed, ethics spans major areas of operation which include: procurement, supply chains, acquisitions and contracting. Procurement is that term which denotes responsibility of the organization in sourcing for ...

Introduction

Contemporary business environment places a lot of pressure on the organization with regards to their ability to respond to the changing market conditions and evolving demands of the clients. The reality shows that cost and productivity are becoming more and more critical for the sustainable development of the organization, which outlines the focus of the Research and Development (R&D) activities. The evolution of the purchasing function is a complex and deep process of transformation of the way, organization conduct their business in general and understanding of the stages in the development of the purchasing function help building on the contemporary scope ...

English

International business strategy Among the key decisions regarding the strategy and organization of businesses operating internationally is from where and who to make purchases of the materials, goods and services that are needed for their operations. The first issue that is involved in this decisional process is the level of internationalization of the business supply source, the chief alternative being regional or global sourcing, once suppliers provide products or services to divisions located in a specific region or all over the world, and sourcing locally when suppliers provide goods and services exclusively to a lone subsidiary (Steven, 1995; and Fagan ...

Tejari

Nature of Type Business Tejari is a service provider business co-owned by BravoSolution and Istithmar World. It offers its services to Arab countries focusing on Middle East and North Africa. It has offices in Abu Dhabi and Dubai with 40 professionals working with local firms and multinationals operating in the region.

Services Provided

Tejari provides services to supply management executives and help chief procurement officers to get solutions that will deliver quick return on investment. It offers supply management software and services to organizations. It prides itself of having a software toolkit that supports the whole supply management lifecycle across many industries, ...

The 21st century markets are characterised by increasing demands for a tailored logistic response. Business organizations are actively developing the required capabilities to realize a customized response to the desires of different customers. Companies will need to design and manage multiple pipelines in order to gain a competitive advantage in the present marketplace. Christopher and Towill (2002) argued that the route to competitive advantage lies through proper management of the supply chains. Based on the characteristics of demand, supply and lead-times, Christopher and Towill (2002) induced the possibilities for the supply chain management. By analysing these possibilities in respect to cost effectiveness, ...

Supply management requires that suppliers have a basic knowledge of all its facets which include costing, pricing, negotiation, distribution and after sales service. Supplier costing and pricing are foremost among these because it will dictate the profit and growth of a supplier. There are several methods which a supplier can use in setting its prices. The first model is the cost markup pricing model. In this method the supplier computes its cost and adds a certain markup percentage. The markup decided upon must cover the profit and all the direct costs of the product, and depending on the supplier, it may choose to ...

Major Facts

Xenia was the leading producer of transducers globally as at 1998. This company was proud for its product innovation, marketing and excellence in assembling. Despite the success it was experiencing in its engagements, the company was facing stiff competition from other producers. This compels the company to put in place measures to ensure it remains relevant in the market. These measurers involved a shift in the core competencies of the company to supply management, assembly, product innovation and marketing.

Major Problem

In the current situation, the major problem is that Xenia is facing a competitive threat from rivals. The Asian competitor of Xenia ...

INTRODUCTION

Strategic sourcing could be defined as a systematic and organized approach for effective optimization of organization’s supply base and eventually works to enhance the overall value proposition of the organization. In simpler term, sourcing is an activity that involves processes to acquire the best product/service at the best value continuously. The objective of sourcing is to reduce the cost of products and services while maintaining the quality of the products. In addition, some of the other prominent objectives of sourcing are to enhance the relationship between the organization and the suppliers, leveraging the organization’s spending, to understand the ...

Definition of purchasing and supply management

Purchasing and supply management, according to Donath (2002) involves; obtaining or procurement, storage and monitoring of goods traded in retail store, supplies, machinery or other goods. A manager in purchasing and supply is a person in charge in division of the job and in managing other employees working in this section. Purchasing and supply management in many cases entail negotiating with producers and wholesalers in the process of purchasing goods and materials and in working closely with marketing professionals and cost analysts to decide what product to buy and those that are not selling well. Inventory is another part of ...

BUSINESS

The area of business is characterized by a landscape of supply chain management, marketing channels used for distribution, logistics and purchasing. Each of the above areas interrelates with the other in an evolving nature hence contributing to the understanding of business as a whole. Supply chain is a network of companies ranging from suppliers to users on the other end whose aim is to integrate supply and demand through the coordinated efforts of the company. Managing the supply chain involves coordinating and sourcing, procurement, conversion and logistics through working together with the supply channel partners. In order to have a good supply ...

Introduction

Currently, there has been high attention on the internet and the manners in which it affects major retailers around the globe. Different scholars have concluded that internet plays a significant role in the new retail format thus lowering the incidences of traditional methods of fixed location stores. Additionally, the scholars claim that internet is of benefit since it supports many marketing activities. It further enhances consumer online shopping thus creating cyber retailing. In the contemporary society, internet plays different functions in retail industry. Initially, it is essential in communicating retail information and used as a proactive marketing tool among others. This ...

Logistics Within the Business Organization

Supply Chain Process Q. 1. Why have supply chain management issues often been ignored by senior management? A. The senior management is often not aware of the fact that a successful supply management encompasses a favorable impact to the five important performance areas of the business. The senior executives tend to ignore the fact because they basically lack the understanding of the supply chain. Another reason is the absence of a key individual that has enough expertise about supply chain that can be communicated in a manner of language that the senior management can understand (Rudzki , 2008, p. 2). There are ...

With the rapidly changing environment in both civilian and military organizations, there is a need for planning, adoption, and implementation of Information technology. Both organizations require competency in their organizational processes in terms of speed, accuracy, reliability, and relevance. These processes include supply process, transportation, manufacturing, sales, marketing, order processing and deliveries. Adoption of information technology in these processes enhances efficiency in both organizations through reduction in the time taken to execute the process and through efficient management of material by avoiding wastages. This in turn increases the performance standards and eases organizational functions such as strategic management, supply chain ...

Supply chain is a process through which a product or service goes through, for it to reach the end user from the supplier. It involves the organization that produces the product or service, the human resources responsible for production, marketing and use, technology applied in all these phases and activities that ensure the effective delivery and use of the product or service. I choose the Coca cola Company as my case study company in doing this paper. Coca cola is a multinational company that deals with production, marketing and distribution of non-alcoholic drinks across the globe. It offers a variety of products ...

STRENGTHS, WEAKNESS, OPPORTUNITIES AND THREAT ANALYSIS

This paper will present a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, regarding the student’s personal strategic plan, to earn the Doctor of Business Administration (DBA) degree. Towards the end of this paper, the student will be able to analyze his or her academic strengths, academic weaknesses, opportunities for achieving your goals, and threats to achieve the set goal. The preparation of the SWOT analysis will help the students to create an effective strategy on how to manage the workload and demands of the program.

SWOT Analysis

Strengths and Opportunities

DBA is more on applied research studies rather than theoretical research. ...

Abstract

The research study intends to provide a detailed analysis on the requirement of supply chain risk management strategy. The study covers various types of risk associated with supply chain processes like raw material supply, manufacturing, goods delivery, procurement, production, inventory management etc. The study also provides what kind of strategy are being used by different organizations to manage the risk and how effective their strategies are. The study is also providing analysis of data gathered from top executive and managers from various organizations. The research helps us in generating scope for future study that is how existing risk management processes ...

Corn Overproduction

Introduction Corn is a plant that can thrive in numerous climatic zones making it a crop that is grown in many countries globally. Scientifically it is called Zea Mays and is commonly called Maize in Central and South America where it is native to. Because of its energy-giving capacity and quick maturity, the crop is a staple food in many countries. In addition to corn being a food crop, it is also a source of income, food for animals, and fuel. This makes corn production a demanding venture in many countries. Since 1990, many countries have invested heavily in latest agricultural practices and technology ...

Corn Overproduction

Introduction Corn is a plant that can thrive in numerous climatic zones making it a crop that is grown in many countries globally. Scientifically it is called Zea Mays and is commonly called Maize in Central and South America where it is native to. Because of its energy-giving capacity and quick maturity, the crop is a staple food in many countries. In addition to corn being a food crop, it is also a source of income, food for animals, and fuel. This makes corn production a demanding venture in many countries. Since 1990, many countries have invested heavily in latest agricultural practices and technology ...

A warehouse is a business related building that is used by the concerned business organization for storage of commodities. Mostly, the warehouses are situated in industrial areas of towns and cities. Manufacturers, exporters, importers, transport businesses, customs and even wholesalers often possess warehouses for the storage of their goods. A common feature around warehouses is loading docks used to load and unload goods from trucks. The importance of warehouses cannot be overlooked. They are grossly vital for the smooth running of various businesses. There are numerous benefits and importance of warehousing in businesses in regard to the supply chain management ( ...

Abstract

Supply chain management has its origin from the; just in time production and logistics. It continues to flourish in the manufacturing sector although it is still largely dominated by logistics[ CITATION Rob97 \l 1033 ]. SCM however is more focused on covering the whole scope of the supply chain by attempting to view and solve problems from a supply chain perspective, while taking to consideration the interdependency that is evident in any supply chain. Its main objective is to ensure that, the myopic control of the supply chain that encourages increase in waste and problems is done away with at all ...