All about Supply Chain Management
Introduction: Incoterms are nothing but some International Commercial terms published by International Chamber of Commerce to clearly communicate the associated risks,costs,tasks etc. evolved with international procurement and logistics. Which are widely accepted by legal authorities, governments and involved parties with the commercial transactions . Incoterms usually help to reduce uncertainties and for that reason are incorporated in Letter of Credit, …
Introduction: According To Some Scholars, Skills/Competencies Of Supply Chain Professionals Are Technical Proficiency In Some Discrete Areas, Such As, Familiarity With Logistics, Warehousing Equipments, Distribution Centers, Freight Issues Etc. Key Supply Chain Professional’s Skills /Competencies Include Global Orientation, Knowledge About Various Systems, And Leadership Issues. And Superior Business Skills.At The Minimum Level, They Should Have An Understanding Of Business Continuity Basics/Organization’s …
Introduction: A company can improve supply chain performance in terms of responsiveness and efficiency.It is needed to examine the logistical and cross functional drivers to know about Supply Chain performance. Logistical Drivers are as follows:Facilities, Inventory, Transportation. And following are Cross Functional Drivers: Information,Sourcing,Pricing. Container Depot Supply Chain Drivers: Facilities are places where inventory is stored, assembled, or fabricated production …
Introduction: There are different parties involved in a Supply Chain such as manufacturer,marketer,suppliers,transporters,warehouses , retailers,customers etc. They are directly or indirectly involved in fulfillment of the customer requirement. The main objective is to maximize overall value generated. They continually look for sources of revenue and cost. Supply Chain profit: The objective of every Supply Chain is to maximize the overall value generated. Value is the difference between …
Introduction: As Customers are at the end of the network, who need certain product or services, Supply Chain Management is the management of networks and channels involved that serve the customer. SCM covers the movement and storage of raw materials, WIP and finished goods from point of start to point using the finished goods or services. An integrated approach: …