Supply Chain Management And The Core Business Of All...

Supply Chain Management Nowadays, in order to succeed in business market, instead of just focusing in their own management strategies, all organizations need to pay attention to other suppliers’ activities and customers’ demand. Since the global competitiveness is getting more and more intensive and the level of customers’ expectation is higher, every single business needs to concentrate and invest much more in its supply chain system. The reason is that the potential value of the supply chain is the core business of all enterprises. So what exactly is supply chain system? For some countries like Vietnam, the definition of supply chain management is still not that well-known enough to apply. Some administrators have just been familiar with the term â€Å"logistics† and applied them for all the goods flows. However, supply chain system includes product development, manufacturing, purchasing, inventory, goods distribution and logistics activities. In other words, logistics is just a component of the supply chain. Ganeshan and Harrison (1995) defined that a process from purchasing raw materials, converting them to finished goods and distributing them customers. It is used in both service and manufacturing organizations. For example, a customer goes to Citymart to buy G7 3-in-1 coffee. The supply chain will start from the demand of this customer. Since Citymart has stored a certain amount of this type of coffee to supply, which may be provided from another merchant or directly fromShow MoreRelatedSuppliers And Supply Chain Management1580 Words   |   7 PagesASSIGNMENT #1:Suppliers and Supply chain management Submitted by Vishnu Gandhamaneni Student Id: 30129773 LECTURER TUTOR: Mr. Gopi Krishna Akella â€Æ' Table of content 1.Abstract 3 2.Introduction 3 3.Basic principles of SCM 4 4.Advantages of SCM 4 5.Problems on SCM 5 6.Solutions of SCM 5 7.Case study description 6 8.Conclusion 8 9.References 9â€Æ' A Complete Study of Suppliers and Supply Chain Management in E-Commerce Vishnu GandhamaneniRead MoreSupply Chain For Manufacturing Facilities Essay911 Words   |  4 PagesSupply chain for manufacturing facilities includes everyone remotely linked with the product, including distributors and suppliers. 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