Supply Chain Management Webinar - Tata Steel

SAKSHAM: IL6 Webinar for Logistics - Supply Chain Management

• Tata Steel webinar on supply chain management
• Supply chain management is a network between a company and its suppliers to produce and distribute a specific product to the final customer
• It includes various activities and involves different people and entities, and information and resources

Supply Chain Management Definition

• Effective management of flow of information, material, and funds from supplier's supplier to final consumer

Supply Chain Diagram

• Diagram depicts the flow of information, material, and funds from suppliers' suppliers to the final consumer
• Entities in the diagram include Supplier's Supplier, Supplier, Manufacturer, Wholesaler, Retailer, Consumer

Tata Steel Supply Chain - Work Flow Diagram

• Detailed flow diagram outlining the work flow of supply chain at Tata Steel (TSM)
• Process steps include procurement, receiving raw materials, processing at plant, vehicle placement, packaging, placement of transport, loading of materials, QA check, system documentation, and payment

Supply Chain Processes - Push/Pull View

• Supply chain processes fall into two categories:
  • Pull: execution initiated in response to a customer order (reactive)
  • Push: execution initiated in anticipation of a customer order (speculative)
• Push/pull boundary separates push processes from pull processes

Scope of Supply Chain in a Firm

• Includes communication and information flow, internal supply chain, external supply chain, and CRM, SCM and SRM

Key Activity in Macro Process

• Lists CRM, SCM and SRM as key activities in the macro process under supply chain management

Order Generation and Fulfillment

• Five steps in the order fulfillment process:
  • Receiving inventory shipments
  • Inventory storage
  • Order processing
  • Shipping
  • Returns processing

Important Concepts in Supply Chain

• Just-in-Time (JIT): A management strategy aligning raw-material orders with production schedules, also known as Toyota Production System (TPS)
• Vendor Managed Inventory (VMI): Increases efficiency, decreases waste, reduces inventory costs, and requires producers to accurately forecast demand, and involves a supplier managing the inventory for the customer
• Kanban: An inventory control system used in just-in-time manufacturing, used to track and order parts and materials
• FIFO & LIFO: Cost lot tracking methods where items are valued and sold in the order they purchased (FIFO) or most recent purchase first (LIFO)
• Landed Cost: The total cost of ownership of an item, including cost price, shipping charges, customs duties, taxes, and other charges
• Back Ordering: Placing a purchase order for a product temporarily out of stock in response to high demand or a spike in demand
• Bill of Lading: A shipping document showing goods' type, quantity, and destination address, acting as a legal receipt
• Cross Docking: A method to ship goods from vendors to customers with minimal storage time

Different Incoterms in Supply Chain

• EXW, FCA, FAS, FOB, CFR, DAT, DAP, DDP in a diagram describing international recognized rules defining responsibilities of sellers and buyers in export transactions

Different Types of Logistics

• Diagram illustrating different types of logistics (1PL, 2PL, 3PL, 4PL, and 5PL) and activities involved in each model

Explore the fundamentals of supply chain management through this insightful webinar by Tata Steel. Understand the essential flow of information, materials, and funds from suppliers to end consumers, illustrated by detailed diagrams and workflow processes specific to Tata Steel's operations.