10/13/2015 | 2:00 PM - 2:45 PM | Pacific II
Supply Chain Risk Management
The best companies around the world are discovering a powerful new source of competitive advantage. It's called supply-chain management and it encompasses all of those integrated activities that bring product to market and create satisfied customers. The Supply Chain Management Program integrates topics from manufacturing operations, purchasing, transportation, and physical distribution into a unified program. Successful supplychain management, then, coordinates and integrates all of these activities into a seamless process. It embraces and links all of the partners in the chain. In addition to the departments within the organization, these partners include vendors, carriers, thirdparty companies, and information systems providers. Within the organisation, the supply chain refers to a wide range of functional areas. These include Supply Chain Management-related activities such as inbound and outbound transportation, warehousing, and inventory control. Sourcing, procurement, and supply management fall under the supply-chain umbrella, too. Forecasting, production planning and scheduling, order processing, and customer service all are part of the process as well. Importantly, it also embodies the information systems so necessary to monitor all of these activities. Simply stated, "the supply chain encompasses all of those activities associated with moving goods from the raw-materials stage through to the end user." Advocates for this business process realised that significant productivity increases could only come from managing relationships, information, and material flow across enterprise borders. One of the best definitions of supply-chain management offered to date comes defines supply-chain management as follows: "The delivery of enhanced customer and economic value through synchronised management of the flow of physical goods and associated information from sourcing to consumption. As the from sourcing to consumption part of our last definition suggests, though, achieving the real potential of supply-chain management requires integration--not only of these entities within the organisation, but also of the external partners. The latter include the suppliers, distributors, carriers, customers, and even the ultimate consumers. The goal of the extended enterprise is to do a better job of serving the ultimate consumer Superior service, he continues, leads to increased market share. Increased share, in turn, brings with it competitive advantages such as lower warehousing and transportation costs, reduced inventory levels, less waste, and lower transaction costs. balance sheet." If we take the view that Supply Chain Management is what Supply Chain Management people do, then in 1997 Supply Chain Management has a firm hand on all aspects of physical distribution and materials management. Seventy-five percent or more of respondents included the following activities as part of their company's Supply Chain Management department functions: · Inventory management · Transportation service procurement · Materials handling · Inbound transportation · Transportation operations management · Warehousing management Moreover, the Supply Chain Management department is expected to increase its range of responsibilities, most often in line with the thinking that sees the order fulfilment process as one co-ordinated set of activities. Thus the functions most often cited as planning to formally include in the Supply Chain Management department are: · Customer service performance monitoring · Order processing/customer service · Supply Chain Management budget forecasting On the other hand, there are certain functions which some of us might feel logically belong to Supply Chain Management which companies feel are the proper domain of other departments. Most difficult to bring under the umbrella of Supply Chain Management are: · Third party invoice payment/audit · Sales forecasting · Master production planning
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Phydeli Binemon Bossala (Primary Presenter), Student university La Sapienza Rome, email@example.com;
2013-2014:Stage Administrator computing system Linux 2011-2012:graduate : Management of Sciences Computing 2000-2007:hight school/ undergraduate