Supply Chain Mgt

Lecture 3: 5236 Supply Chain Management Supply arrange management (SCM) is the management of a network of interconnected businesses twisting in the ultimate provision of product and service packages necessary by end customers (Harland, 1996). Supply range management spans every(prenominal) movement and storage of raw materials, work-in-process inventory, and finished goods from layover of line of reasoning to point of consumption (supply chain). Problems trained by supply chain management Supply chain management must address the following problems: Distribution Network Configuration: number, location and network missions of suppliers, production facilities, distribution centers, w behouses, cross-docks and customers. Distribution Strategy: questions of operating pull strings (centralized, decentralized or shared); delivery scheme, e.g., direct shipment, pool point shipping, cross docking, DSD (direct store delivery), closed loop shipping; humour of battery-acid, e.g., motor carrier, including truckload, LTL, parcel; railroad; intermodal transport, including TOFC (trailer on flatcar) and COFC (container on flatcar); nautical freight; airfreight; replenishment strategy (e.g., pull, push or hybrid); and transportation control (e.g., owneroperated, private carrier, common carrier, contract carrier, or 3PL).

Trade-Offs in Logistical Activities: The above activities must be well twinned in order to achieve the lowest total logistics cost. Trade-offs may increase the total cost if only one of the activities is optimized. For example, replete truckload (FTL) rates are more economical on a cost per pallet basis than less than truckload (LTL) shipments. If, however, a dependable truckload of a product is ordered to reduce transportation costs, on that point will be an increase in inventory guardianship costs which may increase total logistics costs. It is therefore absolute to take a systems approach when planning logistical activities. These trade-offs are key to developing the most efficient and effective Logistics and SCM... If you wishing to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!