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Which one hits the mark? Choose the best one for your organization, and you'll manage your business more effectively. Supply chains encompass the end-to-end flow of information, products, and money.
For that reason, the way they are managed strongly affects an organization's competitiveness in such areas as product cost, working capital requirements, speed to market, and service perception, among others.
In this context, the proper alignment of the supply chain with business strategy is essential to ensure a high level of business performance. In Marshall Fisher introduced the revolutionary concept of supply chain segmentation in his famous article "What is the right supply chain for your product?
Kearney, 6 among others, developed several models regarding the formulation of supply chain strategy. Article Figures [Figure 1] The four main elements of supply chain strategy Enlarge this image [Figure 2] Factors in supply chain processes Enlarge this image [Figure 3] Supply chain roadmap: This is largely because they have not paid enough attention to the connections and combinations among key drivers throughout the value chain, nor to their alignment with an industry's competitive framework and with each organization's unique value proposal also called the "value proposition".
In order to address this shortcoming, I have conducted an analysis of the most widely recognized theories and case studies about supply chain strategy.
My analysis has identified a set of common patterns that reveal key drivers of supply chain strategy and explain how these can be aligned in a coherent strategy.
Those findings are summarized in a strategy-formulation model called the "Supply Chain Roadmap," which provides: This article will describe each supply chain type and will outline the criteria for adopting them, thereby helping to answer one of the most frequently recurring questions among supply chain executives: Which supply chain strategy best fits my business?
The four elements of supply chain strategy To paraphrase Michael Porter, 7 while operational efficacy deals with achieving excellence in individual activities or functions, supply chain strategy defines the connection and combination of activities and functions throughout the value chain, in order to fulfill the business value proposal to customers in a marketplace.
Accordingly, an organization's supply chain strategy is shaped by the interrelation among four main elements, as shown in Figure 1: Although each of these elements includes multiple factors, only some of those factors are relevant drivers for the formulation of a supply chain strategy.
Within this framework are four main drivers affecting supply chain design, all of them interrelated: Demand variation, or demand profile, influences the stability and consistency of the manufacturing assets' workload, and consequently is a main driver of production efficiency and product cost.
Market mediation costs, as defined by Marshall Fisher, are costs associated with the imbalance of demand and supply. Examples include product price markdowns to compensate for excess supply, and lost sales when demand exceeds supply.
These costs, which reflect the unstable and fragile balance between lost sales and product obsolescence, arise from the consequences of the degree of demand predictability. Product lifecycle, which is continually getting shorter in response to the speed of change in technology, fashion, and consumer product trends, affects the predictability of demand and market mediation costs.
Consequently, it pushes companies to increase the speed of product development and to continuously renew their product portfolios. Relevance of the cost of assets to total cost becomes critical in industrial sectors where business profits are highly correlated with the asset-utilization rate.Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government caninariojana.comment includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural.
Published: Mon, 5 Dec Logistic is defined as a business planning framework for the management of material, service, information and capital flows. It involves the management of complex information flow, communication, distribution, and control systems that are required in today’s business environment.
Published: Mon, 5 Dec In the strong global competition, high labor costs, shorter product life cycles, and environmental regulations to keep customer satisfied and to have more sustainable business performance companies should try to have the right product or service at the right place at the right time, and this cannot be done without an understanding of Supply Chain Management in its.
Abstract. Methane emissions from the U.S. oil and natural gas supply chain were estimated by using ground-based, facility-scale measurements and validated with aircraft observations in areas accounting for ~30% of U.S.
gas production. "Supply Chain is the network of organizations that are involved, through upstream and downstream linkages, in the different processes and activities that produce value in the form of products and services in the hands of the ultimate consumer" - Martin Christopher.
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