EXTENDING THE ORGANIZATION - SUPPLY CHAIN MANAGEMENT

Haii, ASSALAMUALAIKUMM U'OLLSs.. next in my entry is about SUPPLY CHAIN MANAGEMENT (SCM). MY LECTURE ASK US TO ANSWER ALL THE QUESTION IN LEARNING OUTCOMES BASED ON OUR TEXTBOOK.. 
and this is my answer.......

(1) List and describe the components of a typical supply chain

A basic supply chain management system has five components: 

1. the plan, which refers to the over-all strategy of the SCM program including the development of SCM metrics to monitor 
2. the source, which refers to the suppliers who'll provide you with goods and services necessary for you to run your business 
3. the 'make' or manufacturing component, which refers to the execution of processes needed to produce, test, and package your products or services 
4. the delivery, which refers to the system for receiving orders from customers, developing a network of warehouses; getting the products to the customers; invoicing customers and receiving payment from them; and 
5. the return, which is the system for processing customer returns and/or supporting customers with problems with the products they received.

(2) Describe the four changes resulting from advances in IT that are driving supply chains

VISIBILITY

• Supply chain visibility is the ability to view all areas up and down the supply chain.
• Bull whip effect occurs when distorted products demand information passes from one entity to the next through the supply chain.

• Information technology allows additional visibility in the supply chain.

CONSUMER BEHAVIOUR

• Demand planning software generates demand forecasts using statistical tools and forecasting techniques
• Ones an organization understand customer demand and its effect on the supply chain it can begging to estimate the impact that its supply chain will have on its customers and ultimately the organization's performance.

COMPETITION

• Supply chain management can be broken down in'
• Supply chain planning software: uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory. SCP depends entirely on information for its accuracy.
• Supply chain executive (SCE) software automates the different stems and stages of the supply chain.

SPEED

• During the past decade, competition has focused on speed. New forms of severs, telecommunications enabling companies to perform activities that were once never thought possible.
• Another aspect of speed is the company's ability to satisfy continually changing customer requirements efficiently, accurately, and quickly.

(3) Summarize the best practices for implementing a successful supply chain management system

MAKE THE SALE TO SUPPLIERS

The hardest part of any SCM is it complexity because a large part of the system extends beyond the company's walls

WEAN EMPLOYEES OF TRADITIONAL BUSINESS PRACTICES 

Operation people typically deal with phone calls, faxes an orders scrawled on paper and will most likely want to keep it that away

ENSURE THE SCM SYSTEM SUPPORTS THE ORGANIZATIONAL GOALS

It is important to select SCM software that give organizations and advantages in the areas most most crucial to their business success

DEPLOY IN INCREMENTAL PHASES AND MEASURE COMMUNICATE SUCCESS

Design the deployment of the SCM system in incremental phases

BE FUTURE ORIENTED

The supply chain design must anticipate the future state of the business

dOne one of my assignment!! yeeaayyy =)) wait for my next entry.. 

KEEP CALM & LOVE YANA (^_^ *)