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Management

What is Supply Chain Management? , Mar 2018

By : Abram Scharf Posted March 14, 2018 Reading Time: 2 minutes
No. of views: 22

Supply Chain management as the name indicates, refers to the management of three major processes namely, procurement of raw materials, converting them into finished goods and sending them for sale. The management should be such that it ensures no shortages and no excess inventories. Supply chain management course requires a professional approach to the supply chain management assignments. Students from all over the world request assignment help for supply chain management subject from BookMyEssay. It is an online professional assignment writing help provider from Australia.

Every manufacturing requires a number of suppliers. This is referred to as supply chain. These many supply raw materials as well as semi-finished goods. A supply chain manager makes the forecast of demand for the products of the concerned organization and ensures timely supply of the raw materials from various suppliers. If the forecast says that larger supply is needed, the manager should ensure that it should be smooth enough to procure raw material or semi-finished goods within time. This will make manufacturing of products within stipulated time and also ensures timely delivery of the finished products.

Another very important aspect of supply chain management is the quality maintenance of warehouses. A warehouse is a place where raw materials and finished goods are kept and stored. A warehouse manager has the duty to keep raw materials in such a way so that they can be acquired quickly as per their need. There will not be any hassle for the workers to find the raw materials as the inventories are kept in an easy to learn order. Likewise, the finished products are also kept in an easy to maintain order so that the delivery should be hassle-free. A pre-determined schedule should be kept ready to ensure timely delivery.

Supply chain management has become one of the most important processes going on in a firm. The profits of an organization depend upon how efficiently a supply chain management is going on in the concerned organization. Inefficient supply chain management can damage the company both in case of quantity and quality. There will be huge monetary losses as well as loss of market share and reputation. If a company has invented largely in the inventory then poor supply chain management can cause serious damage to it.

Due to the above-mentioned risk factors, many software companies, understanding the importance of supply chain management, had developed software which ensures efficient supply chain management by even new and freshly exposed managers. These software are cost-effective and manage all the processes of a good supply chain management easily.

Supply chain management refers to the management of supplies in a manufacturing unit. It also includes the management of acquiring raw material, converting these into finished products and finally delivering them to the respective customers on time. BookMyEssay has an expert team of management leaders which churn out thoroughly professional supply chain management assignment writing help. These assignments are world-class and available at a very convenient price.