Supply Chain Management Components PDF

ACTIVITY # 3 WORD SEARCH: 1.SUPPLY CHAIN 2.HOTEL STORAGE 3.DISTRIBUTION 4.STOCK 5.PRODUCTION 6.PROCUREMENT 7.LOGISTIC 8.STAFFING PROCESS 9.VENDORS 10.ITEMS 11.DELIVERY 12.INVENTORY 13.CONTRACT 14.HOTELS 15.EFFICIENTCY 16.WAREHOUSING 17.ESTIMATION  SUPPLY CHAIN MANAGEMENT PROCESS: THE COMPONEN...

ACTIVITY # 3 WORD SEARCH: 1.SUPPLY CHAIN 2.HOTEL STORAGE 3.DISTRIBUTION 4.STOCK 5.PRODUCTION 6.PROCUREMENT 7.LOGISTIC 8.STAFFING PROCESS 9.VENDORS 10.ITEMS 11.DELIVERY 12.INVENTORY 13.CONTRACT 14.HOTELS 15.EFFICIENTCY 16.WAREHOUSING 17.ESTIMATION  SUPPLY CHAIN MANAGEMENT PROCESS: THE COMPONENTS OF SUPPLY CHAIN MANAGEMENT  SCM PROCESS, PLANNING & 1 INFORMATION TODAY'S 2 TOPIC SOURCING & INVENTORY 3 PRODUCTION/MANUFACTURING LOCATION & 4 TRANSPORTATION/DELIVERING 5 RETURNING OF GOODS WHAT IS SUPPLY CHAIN MANAGEMENT? Supply chain management, which covers all procedures that convert raw Wheat materials into finished product, is the (Raw Farmer management of the flow of goods and Materials) (Supplier) services. By allowing customers to purchase necessary goods at lower prices, modern supply chains enable Baker Businessman consumers to live in higher quality of (Customer) (Producer) life. This is so that the process of bringing goods to markets and ultimately customers can be made more efficient. TYPES OF FLOW The Product Flow – The product flow IN SUPPLY CHAIN involves the movement of goods from a MANAGEMENT supplier to a customer. This supply chain management flow also concerns customer returns and service needs. The Information Flow – The information flow 1 The Product Flow centers on transmitting orders and updating the status of delivery. 2 The Information Flow The Financial Flow – The financial flow involves credit terms, payment 3 The Financial Flow schedules,and consignment and title ownership arrangements. Basic Flow in Supply Chain  There are eight factors in supply chain management that need to be taken care of. To ensure a prosperous business, each of these components must function. These elements are linked together and rely on one another. A company may be unable to meet client needs without a strong supply chain, which could result in financial loss. PLANNING STEPHANIE ELAINE DIEGO PLANNING The supply chain's primary building block is planning. Without the correct creation and implementation of strategy, businesses would not survive. Operations may be made more efficient, delays can be avoided, and operating expenses can be reduced with the use of supply chain planning. Planning involves phases of decision to answer questions such as; How and when to source the product? Where will raw materials be sourced? Will it be from local, regional, or international suppliers? Will you make the entire product yourself or purchase some components elsewhere? Decide how you will produce and store your product. Will you make them in advance and store them to await order? Or, will you make them once the customer orders? What mode of transportation to use in moving inventories? How supply chain risks are managed? How costs are reduced without compromising quality? The questions create a set of policies and procedures to manage the flow of materials, information, and money. Understanding the three levels of supply chain management— strategic, tactical, and operational will help you better comprehend the many phases of supply chain management and how they affect one another. Together, these levels handle all the choices necessary to timely deliver high- quality goods to clients at the lowest possible cost while generating the most possible income.  STRATEGIC It includes determining and PLANNING evaluating the company's strengths and limitations, making strategic choices regarding resource allocation, The highest level of supply chain management, and developing a vision for the Strategic Planning, is in charge of the company's future. This level of planning looks at long-term choices. The choices taken at this level the big picture and focuses on long- set the stage for the entire supply chain operation. term decision (planning horizon Examples of decisions made at this level include usually 3 to 10 years). This includes things such as deciding which products or decisions such as: services will be offered by the company. Single sources vs. Making judgments on which suppliers to use for Multiple suppliers purchasing materials from and where to locate Technology sharing the manufacturing activities go hand in hand Location decisions with product development. Making selections about the best suppliers should take into account the overall goals and values of the business.  TACTICAL PLANNING Decisions made at the tactical level are crucial for reducing risks and regulating expenses. Here, All decisions pertaining to the supply chain's achieving the best overall end short- and medium-term are made at the result and meeting client demand second level of supply chain management. are the main priorities. This Unlike strategic planning, decisions at the includes decisions such as: tactical level usually span from 6 months to a year. Purchasing strategies Transportation While the strategic level deals with the broad Warehouse locations and "big-picture" decisions, it is typically at this and distribution centers level that the more detailed processes are Inventory Logistics developed. In order to produce a high-quality product at the lowest cost, manufacturing procedures will be designed at this point.  OPERATIONAL This level of supply chain PLANNING management is the most commonly encountered. It is where the day-to- day processes, decision-making, and planning occurs to keep the supply chain running. Operational execution is in charge of This includes decisions such as: carrying out the tactical strategies in Daily and weekly forecasting order to accomplish them. This for resources and capacity involves working with several planning company divisions to coordinate, Monitoring logistics to ensure setting up systems and processes to that enough inventory is assist execution, and making sure that available all stakeholders are kept updated on Ensuring that materials are the process's status at all times. available on-time for production Settling damages or losses with suppliers INFORMATION STEPHANIE ELAINE DIEGO  INFORMATION Information is essential to supply chain success because it provides the foundation on which managers make decisions and supply chain processes carry out transactions. A manager cannot know what customers want, how much A constant flow of information controls the world inventory they have on hand, or when to make today. A company must keep up with all the most recent information regarding the numerous facets or ship more goods without information. of its production in order to be successful. If the information is effectively and promptly In summary, information increases supply chain communicated throughout the different levels of visibility and enables managers to make the organization, it will be easier to understand the decisions that will enhance the performance of market patterns of supply and demand for a the supply chain, particularly at all three specific product. In a knowledge-based economy, decision-making levels (strategic planning, information is essential, and a business's prospects operational decision- making, and operational may literally be doomed by ignorance of any decision-making). business-related topic. SOURCING Peter Garcia  SOURCING Examples: Finding quality sources Sourcing is an upstream part of the of goods and services. supply chain: It's the process of Negotiating contracts. strategically choosing the right Establishing payment services and goods that a company terms. Market research. needs to run their business. Testing for quality. Sourcing is also the act of buying goods, including seller selection, Considering outsourcing contract negotiation and measuring for goods. the long-term performance of the Establishing standards. suppliers. INVENTORY Peter Garcia INVENTORY Inventory can refer to raw materials, finished items available for sale, components being used for production or items in the process of being manufactured. In terms of supply chain management, inventory is normally used to refer to the sum total of all goods and materials on hand. W HAT Is THE R O L E O F INVENTORY IN LO G I s T I C s ? Inventory refers to the products, materials or supplies stored inside a warehouse prior to production, shipping or selling. Inventory is an important part of making sales and generating a profit, and it should be managed efficiently to ensure an optimal supply chain.  PRODUCTION/ MANUFACTURING Jacque Shine Baldoza PRODUCTION/ MANUFACTURING One of the most crucial elements of this Types of system is production. The other supply chain elements must work together Production harmoniously for it to be possible. In order for the production process to 1 Batch Production begin, it is crucial that the inventory, supply of items, and planning are all 2 Mass Production done correctly. Following the creation of items, testing, packaging, and last-minute preparations 3 Job Production for the finalized product's delivery take place. 4 Continuous Production Examples of production/manufacturing include automotive companies, bakeries, shoemakers and tailors, as LOCATION Robert Joseph S. Panes  LOCATION For any businesses related to any W H Y Is YOUR BUsINEss field, it is important for business LOCATION I M P O RTA N T ? to be established in a location Business location should be inviting and refined, depending that is profitable for the business on the type of business you’re running. It should create a activities. The location should positive association for clients and customers so they think easily facilitate the raw material highly of your business. Your choice of business location supply for the production, should have enough space to carry out affects your income, your expenses, and sometimes whether the production process, and you're operating legally. Even in an age where people can should provide easy access to buy and sell through the internet and project teams can the selected market segment to collaborate from various states and countries, location plays distribute the product to the end a significant role in your company's success or failure. customers. TRANSPORTATION/ DELIVERING Robert Joseph S. Panes TRANSPORTATION/ DELIVERING The entire production process depends on transportation. Transportation is re quired for the raw materials to the manufacturing plan, the work-in-progress materials to move from one production location to another, and the finished goods to reach the final consumers. Transportation should guarantee the secure shipment of goods and the smooth flow of materials. The transportation function is critical to the supply chain because it is where the rubber literally meets the road. A company can have the right product at the right warehouse at the right time, but without transportation it won't make it to the customer at the right time. RETURNING OF GOODS Kimberly Ysug  However effective a company’s SCM is, RETURNING some challenges are unavoidable. Errors in OF GOODS quality control may result in defective products reaching the market. Shipping problems may create delays for the It is a post-delivery customer consumer. In the worst cases, large support process that is associated quantities of product may be damaged or lost, resulting in unfulfilled orders. with all kinds of returned products. Handling these problems is also a core It is also known as 'Reverse part of SCM. A supply chain must be Logistics'. It is one of the most flexible enough to handle returns of important components of supply defective products, address customer chain management to minimize concerns about delays, and issue potential deterioration of cancellation products refunds in a timely relationships with customers. fashion where appropriate. Examples of how to avoid returning products and these are; The product was damaged or defective. Purchase arrived too late or the customer doesn't need it anymore. THANK YOU!