Introduction to Supply Chain Management

INTRODUCTION TO SUPPLY CHAIN perplexity BUSINESS ENVIRONMENT Globalization is a much discussed and hyped phenomenon in India today. The free economy that India is trying to drag through the liberalization process will naturally finish in the opening up of the marketplaces and globalization, the beginning of which has already started. This has ushered in bran-new challenges and the Indian companies are facing higher levels of disputation in the market place, not only from the other local anaesthetic players but also from multinationals that are better organized and create considerable hands-on experience in fighting disceptation in more(prenominal) matured markets. To retain existing market share and to grow in such a combative business environment, the companies will necessarily have to respond to the pressing needs for, Improving Quality of product Competitive Pricing Quicker rejoinder to change (in volumes, models, designs, etc.) Reducing Lead Times (of Enquirer, supply, development of new products) Increasing Flexibility (in commercial, payment terms, etc.) In other linguistic communication they will have to improve the quality of services in addition to the quality of products and implement Total Quality commission (TQM) philosophy at all levels of their organisations.

SUPPLY CHAIN MANAGEMENT CONCEPT To be successful, the best companies will have to be smarter in managing the six key business resources of Man, Machine, Material, Money, Information and Time. Effective training and efficient management of flows of material, related information from supplier to the client and financials from customer to supplier through the Organisation forms the major office of Supply Chain Management. As markets are becoming more volatile and uncertain, it is common experience that operating functions within companies, such as Sales, Marketing, Distribution, Logistics, Production and Purchase, seek to hedge their positions separately to asperse risks related to their... If you want to get a full essay, articulate it on our website: Orderessay

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