What is Supply Chain Management?
It is the managing of the raw material to be entered into the company and the finished products to be moved out of the company. It takes into account all the activities which occur in a stepwise manner referred to as supply chain. A supply chain management assignment takes into consideration all the functions performed in a supply chain management help approach. Several models have been proposed for supply chain management writing help systems. These may be SCOR provided by the Supply Chain Council (SCC) or another model by Global Supply Chain Forum (GSCF).
What are Supply Chain Activities?
The above-said models define three types of supply chain activities. These are as follows:
- Strategic activities: These are basically the planning or strategy determining activities. These are as follows:
- Determining the number, location and size of warehouses, facilities and distribution centers.
- Partnership with suppliers, distributors, and customers. Creating communication channels for activities like direct shipping and third-party logistics.
- Coordination of product design so that the existing products can be integrated into current supply chain management.
- Development of infrastructure for information technology. This will help to support the supply chain activities easily.
- Decisions about making and buying of goods for the company. You have to choose the best and economic suppliers.
- Coordinating organizational strategy with supply strategy.
- Tactical activities: These activities are concerned with all the tactical decisions taken by the company. These are as follows:
- The sourcing out of contracts and other purchasing decisions of the company.
- All the production decisions such as location, scheduling, and planning of purchase.
- All the inventory decisions like quality, quantity, and location of inventory.
- Transportation activities such as transport contract, the frequency of allotment and determining the route of delivery.
- Decisions about competitors and implementation of the good practices of the company.
- All activities related to payments.
- Operational activities: These activities are related to the operations carried out in production in an organization. These are as follows:
- Routine production and planning of distribution at all points of the supply chain.
- Determining the demand of the customers and forwarding the forecast to the suppliers.
- Scheduling of production at each stage of manufacturing.
- Sourcing out the current inventory and demand forecast to the suppliers.
- Receiving the inventory from the suppliers.
- Production processes like consumption of raw materials and flow of finished goods.
- Fulfilment of orders and transportation of finished goods to the customers or vendors.