what is supply chain redesign?
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Welcome to Supply Chain Redesign Supply chain management considers the economic functions of the entire value chain of a product or service, not just those functions limited to a specific firm. It is increasingly important to analyze the information-flow requirements between stages of the chain.
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Simply put, a supply chain is a system of organisations, people, activities, information, and resources which are involved in moving a product or service from suppliers to the customer.
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Companies are digitally transforming the management of their supply chains by piloting and applying technologies such as machine learning, blockchain, and augmented reality to traditional supply chain management activities.
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Supply chain resilience is an operational capability that enables a disrupted or broken supply chain to reconstruct itself and be stronger than before. ... The perception of supplier risk helps motivate the supply chain manager to enhance integration capabilities and thus achieve higher resilience.
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Supply chain quality management is a systems-based approach to performance improvement that integrates supply chain partners and leverages opportunities created by upstream and downstream linkages with a focus on creating value and achieving satisfaction of intermediate and final customers (Foster, 2008; Robinson & ...
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Supply chain management (SCM) is the process and activitity of sourcing the raw materials or components an enterprise needs to create a product or service and deliver that product or service to customers.
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Supply chain planning (SCP) is the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand. ... Inventory planning. Production/factory planning and scheduling.
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Strategic management philosophy in the supply chain can be described as a way of thinking that is devoted to discovering tools and techniques that provide for increased operational effectiveness and efficiency throughout the delivery channels that must be created internally and externally to support and supply existing ...
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A supply chain is a network of retailers, distributors, transporters, storage facilities, and suppliers who take part in the production, delivery, and sale of a product that convert and move the goods from raw materials to end users, it describes the processes and organisations involved in converting and conveying the ...
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A supply chain involves a series of steps involved to get a product or service to the customer. The steps include moving and transforming raw materials into finished products, transporting those products, and distributing them to the end-user.
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['Increase inventory velocity.', 'Implement lean logistics / supply chain management.', 'Improve supplier performance.', 'Compress cycle time.', 'Maximize inventory yield.', 'Utilize meaningful metrics.', 'Segment the supply chain.', 'Employ supply chain technology.']
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Good work design is applied along the supply chain and across the operational lifecycle. Engage decision makers and leaders. Actively involve the people who do the work, including those in the supply chain and networks. Identify hazards, assess and control risks, and seek continuous improvement.
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Supply chain management (SCM) is the process and activitity of sourcing the raw materials or components an enterprise needs to create a product or service and deliver that product or service to customers. The goal of SCM software is to improve supply chain performance.
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["Adapt Supply Chain to Customer's Needs. ... ", 'Customize Logistics Network. ... ', 'Align Demand Planning Across Supply Chain. ... ', 'Differentiate Products Close to Customers. ... ', 'Outsources Strategically. ... ', 'Develop IT that Support Multi-Level Decision Making. ... ', 'Adapt Both Services and Financial Metrics.']
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Supply Chain Management (SCM) is the handling of the flow of goods and services from the raw manufacturing of the product through to the consumption by the consumer. This process requires an organisation to have a network of suppliers (that serve as links in the chain) to move the product through each stage.
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Gartner defines Supply Chain Segmentation as “Designing and operating distinctly different end-to-end value chains (from customers to suppliers) optimized by a combination of unique customer value, product attribute, manufacturing and supply capabilities, and business value considerations.”
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Procurement is the process of acquiring the goods your company needs for its business model. Supply chain management is the process of turning those goods into products and distributing them to customers as efficiently as possible.