When you finally wake up after hitting snooze for the 100th time, and the aroma of freshly made coffee in the coffee maker kicks in, you should thank supply chain management for that! Look around, and you will notice that this supply chain has become as natural as nature to us. It is almost everywhere. From a cup of coffee in your kitchen to the device you are using to read this article. From being the backbone of businesses like Apple, Google, and Microsoft to being a mode of survival for local businesses and average consumers. The supply chain is vital to sustaining the functions of life across the planet. Just like our Supply Chain and logistics Assignment management help is vital to score HD grades in the assignment submissions!
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In Supply Chain Management, there is absolutely no room for mistakes. The ability to meet the requirements of the customer from simple coffee beans to high-end tech is dependent on everything going right in the first go. There is no space for mistakes or mulligans in the supply chain.
Thus to establish World-class Supply Chain Management, there are 7 principles necessary for growth!
It is evident that Supply Chain Management is not the responsibility of just one person or an organization! Several people are involved in making it a success! There is a lot of team effort, communication, and different kinds of processes, that enable us to make it work in the end!
For example, it takes a team to win a baseball match! There are people with dedicated roles like pitchers, catchers, and batsmen. Each one of them must perform with due diligence and make their contribution to the victory of their teams. Winning the game in SCM is analogous to baseball! Each of the stakeholders would have to play their part to make it a success! The team would often need a manager as well. Thus, the right people need to be put in the right positions to monitor success.
In SCM, winning the game solicits top-level professionals to play their roles with diligence.
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The plan or process seeks to develop the robust short and long-term supply of goods along with different chain strategies. In the planning phase, one would have to take into account the prediction of demand while predicting production.
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Procurement: Procurement is the phase that primarily focuses on procuring raw materials, and different goods from different sources!
This process solicits the manufacturer to develop the product that would be shipped to the customer! This process usually converts raw goods to finished goods! Supply Chain managers must provide full support during the production phase to ensure that materials are available when they are needed in the process.
Finally, the flow includes the distribution of the products to the goods and across the supply chain!
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