Logistics and Supply Chain Management

Procurement management is the processes to purchase or acquire the products, services or results needed from outside the project team to perform the work. Project Procurement Management involves not just purchasing products, services or results, but also ensuring that those that are purchased are right for the project, meets standards and is based on project requirements. This life cycle includes tracking from order through deployment and completing with invoice reconciliation.

Supply Chain Management (SCM) has been defined by Supply Chain Management Institute to be “the management of relationships in the network of organizations, from end customers through original suppliers, using key cross-functional business processes to create value for customers and other stakeholders”(SCM-Institute, 2016).

Supply Chain Management (SCM) has been defined by Supply Chain Management Institute to be “the management of relationships in the network of organizations, from end customers through original suppliers, using key cross-functional business processes to create value for customers and other stakeholders”(SCM-Institute, 2016).

From initial creation to final sale, Supply Chain Management oversees each touch point of a company’s product or service. Through efficiencies or lose value through increased expenses, proper SCM can increase revenues, decrease costs and impact a company’s bottom line with so many places along the supply chain. So SCM can help company to manage and revise its supply chain efficiently to stay ahead of the changing trends and continue to add value to its bottom line. Besides that, technology portion has invested in supply chain which use to synthesize relevant data and to forecast customer purchase behavior which is a forward-looking implementation in SCM to meet the expected demand. It also reduces the cost of warehousing and transportation which excess

Every organization strives to ensure that all of its operations are efficient and effective to the highest level, thereby enabling them to achieve a sustained competitive advantage. Over the years, experts have introduced various specializations in various parts of business operations. One of the key aspects of any business that firms are required to manage efficiently is supply chain. Supply chain is an

The supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It

The globalisation of markets has increased customer demand and product differentiation. Higher quality products and shorter delivery times are essential for maintaining customer satisfaction in highly competitive markets like the consumer electronics industry. Consequently, supply chain management is an important process in all businesses, and if managed effectively, can give companies a competitive edge. However, it often

Supply chain is long and penetrates almost all business processes. The chain can extend from raw materials to final sales or deliveries to end users. It connects an organization with multiple levels of customers as well as suppliers, and acts as a channel on which to exchange information and transfer orders in terms of product flow (CIPS, 2013). The role of supply chain plays in a business determines the necessity of supply chain management (SCM) improvement. According to APICS Dictionary (2016), SCM involves “design, planning, execution, control, and monitoring of supply chain activities”. It affects

Supply chain management (SCM) systems have been a new and steady buzz word from late last century up to today. Large companies depend on SCM systems to reduce cost and increase revenue. This article explores the relevant use of SCM systems in today’s business world through different means of analysis, such as SCM performance, variables associated with cost and revenues, and business, supplier and customer relationships. It advocates for their use and provide quantitative analytics to support their position.

Efficient management of the supply chain is becoming more and more critical in today’s economy. In a time of shortening product life cycles and competitive markets, it is necessary to consider the complete scope of supply chain management, from supplier of raw materials, through factories and warehouses, to demand in a store for finished product.

Logistics as be defined by the Council of Supply Chain Management Professionals is the process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements. This definition includes inbound, outbound, internal, and external movements (Vitasek, 2013). Reverse logistics (RL), can happen at any point within the supply chain, so therefore, RL can be defined as the process of planning, implementing, and controlling the flow of raw materials, in-process inventory, finished goods and related feedback from the point of consumption, the customer, to the point of origin for the purpose of either disposal, refurbishing, reuse, or reallocation in a cost effective manner to recapturing value.

Minor Logistics Operations Presentatie titel MIRBSLM114OP N.J. Osentoski-Monsma & A. Nielsen-de Vries Lecturers Logistics Room D2.173 osenj@hr.nl / vriad@hr.nl Rotterdam, 00 januari 2007 6-1 Corporate strategy Business strategy Operations Strategy Mission Objectives (cost, quality, flexibility, delivery) Functional strategies in marketing, finance, engineering, human resources, and information systems Strategic Decisions (process, quality system, capacity, and inventory)

Topic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation.

Procurement activities occurred in all supply chain activities. It has so much importance because effective decision making in procurement leads to reduces cost and finally resulted in

Top business companies in the world have discovered their own valuable strategy which makes their business superior than others. The secret is supply chain management (SCM) and it includes all integrated activities that from manufacture the product to customer service. SCM integrates the transportation and storage of raw materials , inventory, and finished goods from initial supplier to ultimate customer. Successful SCM coordinates everything into a seamless process. It connects all the partners in the chain which include vendors, suppliers, contracted companies, and employees.