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Since the the stake for the different players is extremely
high making it imperative for the partners - including
suppliers, manufacturers, distributors and customers
behave as if they are part of the same company. Thus scope
of supply chain management is vast.
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This way
only they can enhance performance significantly across the
chain.
This amply defines the scope of supply chain
management which has to monitor and control the
activities right from customer's customer to
supplier's supplier.
Principles of Supply chain
management too define its scope.
Customer Management ,Process integration ,
Leveraging of Manufacturing and Sourcing, Strategic |
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alliances and relationship management etc throw enough
light on the length and width of supply chain
management's domain. |
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With Globalization and
resulting competition compelling the business entities the
world over to change and adapt the new technologies and
concepts ,Supply Chain Management, as concept and tool has
emerged as the most important field of management
today. Thanks to the advancement in the Information
technology ,managing diverse affairs of the business
starting from customer's customer to supplier's supplier
is easily attainable.
Management of supply chain as such is management of
various functions carried out in a continuous supply chain
environment such as demand forecasting, production
planning, procuring raw materials for production,
manufacturing , managing inventory, processing input to
convert into output and finally arranging smooth
distribution of the finished product to the retailers.
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The geographic reach of Supply Chain Management is
immense. Today, a firm producing ready made men's shirt
procures the raw materials from African countries, gets
manufacturing process done in Asia and sells the product
in Europe. The headquarter of the company is situated in
Holland.
With great strides being made in the way information is
generated, disseminated and collected through the use of
Internet , Emails etc great Supply Chains are being
witnessed in practically all the processing industries
horizontally as well as vertically. From complex and multi
supply chains witnessed in production of Iron and Steel ,
cement etc to small values retail products such as
clothes, vegetables are getting into the domain of the
supply chain , cutting across the boundaries of
the nations. Very aptly, the supply chain has thrown up
relevant educational courses and plenty of jobs in the
area of procurement, inventory control, strategic
planning, distribution, transportation etc.
As the reach of Globalization expands so shall the scope of Supply
Chain Management which is being recognized as a major competitive
edge of business today.
For further details on scope, please
contact us here. |
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