Posts Tagged ‘Supply Chain Management’
Supply Chain & Logistics
Reverse logistics refers to the process of sending goods back in the retail supply chain. It is based on the concept that for successful supply chain solutions, it is not just enough to plan the distribution of your product, but also on how to bring it back. This involves both customer returned as well as obsolete products. Indeed, managing returns effectively allows you to recapture value or reduce write-offs, at the same time keeping your customers contented.
A high performance reverse logistics firm/ consultant take extra care to help you design, plan and implement a reverse Read the rest of this entry »
Supply chain is the crucial element in an organization as it deals with all the steps necessary for converting raw materials into their respective finished products. Managing the supply chain efficiently is essential for operational efficiency and ultimately achieving established business objectives. This management is a set of processes that monitor activities occurring in the supply so that optimal results are achieved and resources are utilized without wastage.
There are five phases in supply chain management. These include plan, develop, make, deliver, and return. In the first phase a plan is derived, according to which various Read the rest of this entry »
In managing any business it is important to take into account risks or potential risks with suppliers. This is a facet of the management system that is sometimes overlooked. If critical suppliers are not able to deliver the goods or services you need to operate your business, you could lose customers. An important facet of planning for the customer includes supplier risk management. Specifically, supplier risk assessment should include factors like:
1. Financial stability of the supplier : In order to assess financial stability several key questions should be answered. These include: 1) Is the Read the rest of this entry »
Supply Chain Management (SCM), including among all Warehouse Management and Inventory Management, is the management of services and products that are to be delivered to customers.
Supply Chain Management includes everything from storage and all movements of the products and all all parts contained in the products, including all work processes performed to get the products from the point of creation to the end-point.
This is why we see warehouse management and inventory management in the supply chain management area. Warehouse management is aimed to control storage and movements of material in a Read the rest of this entry »
It Supply Chain
Running a business or organization is something that should be given attention, dedication and determination. If a business owner does not have enough time for the business, it could be facing failure. It is important that all aspects of the business will be well taken care of to ensure that it will be going towards success. Supply chain is an essential element in a business which handles all the actions needed to produce finished products right from raw materials. If this element is not properly handled, the production of the business will fail and will not provide profits for Read the rest of this entry »