Presentation on theme: "Supply Chain Management Group 8 Amanda Williams Chris Lemley Ian Carr Clay Garrison Alvaro Suarez."— Presentation transcript:
Supply Chain Management Group 8 Amanda Williams Chris Lemley Ian Carr Clay Garrison Alvaro Suarez
Definition Is the process of planning, implementing, and controlling the operations of the supply chain with the intention of satisfying the customers need as efficient as possible. A supply chain, is a coordinated system of entities, activities, information and resources involved in moving a product or service from supplier to customer. Supply Chain Management (SCM) spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point-of-consumption.
Benefits As consumers demand more and better quality products, the supply chain management must continue to perform cost reductions, quicker deliveries, and better performance of their products. Cost-reducing Profit maximizing Powerful manufacturing improvements Product efficiency and quality efficiency facilitate higher product demand Production improvement management is made more efficient
Payment Methods To achieve faster deliveries and cost reductions, businesses use: Electronic cash Electronic representation of cash Electronic check Mechanism for sending money from a bank account to another person or organization
Payment Methods Cont. Electronic Data Interchange Direct computer-to-computer transfer of transaction information contained in standard business documents, such as invoices and purchase orders, in a standard format.
Activities/Functions Strategic Strategic network optimization, including the number, location, and size of warehouses, distribution centers and facilities. Strategic partnership with suppliers, distributors, and customers, creating communication channels for critical information and operational improvements such as cross docking, direct shipping, and third-party logistics. Information Technology infrastructure, to support supply chain operations.
Activities/Functions Cont. Tactical Production decisions, including contracting, locations, scheduling, and planning process definition. Inventory decisions, including quantity, location, and quality of inventory. Transportation strategy, including frequency, routes, and contracting.
Activities/Functions Cont. Operational Daily production (minute by minute) and distribution planning, including all nodes in the supply chain. Demand planning and forecasting, coordinating the demand forecast of all customers and sharing the forecast with all suppliers. Production operations, including the consumption of materials and flow of finished goods. Order promising, accounting for all constraints in the supply chain, including all suppliers, manufacturing facilities, distribution centers, and other customers.
Effects of SCM: Without SCM, businesses risk product shortages or overstocked warehouses. Allows businesses to encompass the needs of the consumer, while providing up-to-date supply and demand information to suppliers and manufacturers.
Logility Voyager Solutions Voyager Manufacturing Planning Helps locate capacity exceptions, find alternate routes to avoid problems, and reduce cost to consumers. Voyager Replenishment Planning Quicker response to demand – Faster Delivery Voyager Supply Planning Creates and displays optimal supply plan; comprehensive look at revenue and cost.
Conclusion Businesses are only as good as their information at hand. Supply and demand govern business operations. Companies must be ready to adapt to an ever- changing economic and technological business environment. The Answer : Supply Chain Management