Transcript for:
Overview of Supply Chain Management

Supply Chain management is a broad-based function that encompasses all business and operational processes involved in but not limited to procurement manufacturing and finished goods Transportation warehousing and distribution and inventory management in a globalized business scenario characterized by geographically spread markets raw material procurement sources across the world and cheaper manufacturing and labor markets being available in developing world the business of meeting demand with suppliers constantly changing and evolving Global business has been fueled and enabled by the information technology which has redefin all aspects of business today all businesses today are run on Erp which is the short form for enterprise resource planning which provides the organizations with tools to manage all the functions including procurement production sales and Finance Management in seamless and integrated manner these software systems like sap Oracle people soft Etc have taken over and enhanced the business processes that were traditionally being managed manually demand planning forecasting Global procurement management are some of the enabling tools on which the global procurement strategies are built and managed the availability of these sophisticated systems has further enabled companies to implement good and costeffective Manufacturing practices like just in time Canan vendor managed iner Etc finished goods distribution transportation and inventory management besides sales process is again driven by the various Erp modules combined with additional specific applications as required ER has enabled companies to manage their business processes in different markets and countries under one common business process thus providing standardization and control the complex network of various processes software platforms and applications and different software tools used by various vendors and agents in the entire chain drive the Supple chain of the companies e-commerce has further redefined the way business is carried on online purchase has impacted the way Supply chains are organized and markets are driven customer behavior and preferences are changing as online marketing is establishing a one-to-one contact with the customer and can offer a personalized experience the instant delivery of the information through internet elicits immediate response and action from the customer the sales lead time is rapidly decreasing the demanding customer therefore needs to be serviced immediately at the same speed the internet technology has further opened up the geographical boundaries for the companies any person sitting in any corner of the globe can purchase a product online at the click of a button the companies have to be well equipped with the logistics and supply chain Network to be able to service the customer when in a global scenario goods and and services move through multiple chains involving very many agents including Transporters forwarders Customs distribution centers Distributors and lastly the retail outlets availability of data documentation and information becomes the lifeline for the organization to be able to take decisions and ensure seamless processes and control the Supple chain information technology is one of the most important enabler of the Supple chain in complex modern world of global business is