No.21 ~ Supply Chain Management | Meaning | Importance | Components | Process | Advantages |

✅ Production & Operation Management Full Series ✅

   • Production & Operation Management Ful...  

==========================

📕 Purchase Production & Operation Management PDF Book 📕

https://imojo.in/1TxEGJJ

==========================

📌 Supply Chain Management

00:00 Starting
00:25 Purchase PDF BOOK of Production & Operation Management
00:52 Meaning of Supply Chain Management
05:26 Importance of Supply Chain Management
08:56 Components of Supply Chain Management
10:24 Participants of Supply Chain Management
15:41 Process of Supply Chain Management
21:55 Activities of Supply Chain Management
27:38 Advantages of Supply Chain Management
36:30 Disadvantages of Supply Chain Management

👉 Meaning of Supply Chain Management

Managing the flow of goods and services from vendors to customers, along with accompanying money and information, is known as supply chain management. This involves planning, organizing, and controlling the process, which may include tracking inventory levels, anticipating demand, identifying specific goods, and determining delivery timelines.

👉 Importance of Supply Chain Management

1.) Focus on the customer
2.) Multiple Flows
3.) Multiple activities
4.) Multiple Participants
5.) Coordination of participants

👉 Components of Supply Chain Management

It includes:-
a.) Participants (supplier, manufacturer, wholesalers, retailers)
b.) Processes (steps taken for the functioning of the whole supply chain system)
c.) Activities (It includes all the actions to ensure the smooth flow of material, information and money)

👉Participants of Supply Chain Management

1.) Supplier
2.) Manufacturer
3.) Distributors
4.) Wholesalers
5.) Retailers
6.) Customers

👉 Process of Supply Chain Management

1.) Planning
2.) Source
3.) Production
4.) Location
5.) Transportation
6.) Return of goods

👉 Activities of Supply Chain Management

1.) Demand Forecasting
2.) Purchase/ Material Handling
3.) Inventory Management
4.) Logistic Management
5.) Packaging
6.) Returns Management

👉Advantages of Supply Chain Management

1.) Minimize Delay
2.) Shorter lead time
3.) Less investment in inventory
4.) Increase Customer Satisfaction
5.) Better communication of participants

👉 Disadvantages of Supply Chain Management

1.) Faulty Prediction
2.) Complex activities
3.) Increased chances of error
4.) Dependence on outside consultants
5.) Require heavy investment

#supplychain #supplychainmanagement #supplychainplanning #productionmanagement

importance of Supply Chain Management
Components of Supply Chain Management
Advantages of Supply Chain Management
Pros and cons of Supply Chain Management
Explain the process of Supply Chain Management