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Problem: Define supply chain and supply chain management and discuss their benefits. Supply chain management coordinates and integrates all of the activities performed by supply chain members into a seamless process from the source to the point of consumption. The responsibilities of a supply chain manager include developing channel design strategies, managing the relationships of supply chain members, sourcing and procurement of raw materials, scheduling production, processing orders, managing inventory and storing product, and selecting transportation modes. The supply chain manager is also responsible for managing customer service and the information that flows through the supply chain. The benefits of supply chain management include reduced costs in inventory management, transportation, warehousing, and packaging; improved service through techniques like time-based delivery and make-to-order; and enhanced revenues, which result from such supply chain-related achievements as higher product availability and more customized products.
Questions: Discuss the benefits of supply chain management. How does the implementation of supply chain management result in enhanced customer value?
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When I first started out in Supply Chain years ago, one of my first mentors told me that you can’t improve what you cannot measure. Years later I learned that he stole that expression shamelessly from the Toyota Production System playbook (Liker, 200..
On the basis of the information gained from the audit, you have been requested to develop appropriate strategies to minimise any weaknesses and further develop strengths to maximise the effectiveness of the supply chain and ensure that it achieves..
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What are the strategic, tactical, and operations issues in supply chain management? What is the bullwhip effect, and why does it occur? How can it be overcome? What impact has eBusiness had on supply chain management?
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