Hands-on guidance for creating competitive advantages through strategy realization How can your supply chain create competitive advantages and help achieve business goals? Drawing from the author's abundant research and analysis, this resourceful book shows how aligning the supply chain design with business strategy helps build competitive capabilities, prioritize capital investments, and takes your firm beyond the industry best-practices to create competitive advantages, not just competitive parity. Summarizing the current literature on business and supply chain strategies, this book provides path-breaking new direction to build your own winning supply chain strategy. Real-life cases show how this strategy alignment has produced results for the most successful companies and how it can be achieved in your firm. An overview of the concepts of business strategy, the current thinking on supply chain strategy and why it is inadequate to drive competitive advantage through supply chain design Process for establishing your own supply chain strategy to build competitive advantage The place of technology in creating business capabilities in modern corporations and why managing technology should be a core competence and an integral part of strategy planning Step-by-step direction and examples for creating strategy alignment and designing a supply chain that goes beyond supporting your operations Case studies including Wal-mart, Cemex, Kmart, HP, Dell, and others Consolidating the lessons learned along with implementation guidance, Supply Chain as Strategic Asset is the must-read road map for designing a supply chain that will be vital in achieving your business goals.
No more competition among individual organizations, rather competition in today's competitive business environment must be among the supply chain in order to stay competitive and sustain competitive position. Supply chain management practices requires strategic supplier partnership, customers relationship, quality of information sharing, key business process integration internally and externally across the supply chain, risk and reward sharing, flexibility of operations, accessibility of physical, information and financial flow facilities. This book will have paramount importance for the readers who wants to manage their supply chain and for researchers in the field and related subject area such as transportation management, logistics management, procurement and operations management.
Efficient supply chain management (SCM) is recognized as a strategic tool for companies to enhance their performance in terms of quality, time, speed and reliability while minimizing total costs. Based on resource-based view (RBV) and knowledge-based view of the firm (KBV)perspectives, supply chain is considered as an organization’s strategic asset to achieve competitive advantage. Knowledge management (KM) is a crucial requirement for the organizations to leverage their knowledge in today’s turbulent business environment. Knowledge acquisition and knowledge application are two important aspects of knowledge management that should seriously be taken into consideration by all organizations. This work investigates the linkage between SCM and KM. In specific, this work was carried out to empirically examine the relationships between supply chain process knowledge and organizational performance. Supply chain learning also has been investigated as another factor which affects organizational performance. Environmental knowledge was tested as the moderating variable in the relationship between supply chain process knowledge and organizational performance.
Supply chain management - delivering the right product to the right place, at the right time and at the right price - is one of the most powerful engines of business transformation. It is one of the leading cost saving and revenue enhancement strategies in use today. It aims at integrating the company's internal systems to those of its suppliers, partners and customers. Effective and efficient management of procurement will fulfill the objectives like (1) support to operational requirements, (2) manage the procurement process and the supply base efficiently and effectively, (3) develop strong relationships with other functional groups, (4) develop integrated purchasing strategies that support organizational strategies, goals and objectives. Effective integration of an Organizations supply chain can save millions, improve customer service and reduce inventories. The outcome of research will help small, medium and large manufacturing organizations to use their resources optimally and generate overall long term growth.
Efficient supply chain management (SCM) is recognized as a strategic tool for companies to enhance performance in terms of quality, time, speed and reliability while minimizing total costs. Based on resource-based view (RBV) and knowledge-based view of the firm (KBV) perspectives, supply chain can be considered as an organization‘s strategic asset to achieve competitive advantage. Knowledge management (KM) is a crucial requirement for the organizations to leverage their knowledge in today‘s turbulent business environment. Knowledge acquisition and knowledge application are two important dimensions of knowledge management that should seriously be taken into consideration by all organizations. The present work investigates the linkage between SCM and KM. This work was carried out to examine the relationships between supply chain process knowledge and organizational performance. Supply chain learning also has been investigated as another factor which affects organizational performance.
There are many reasons for the popularity of the supply chain or the supply chain management concept. Through globalisation, entities are forced to look for more effective ways to coordinate the flow of goods and material between facilities, into and out of the business. Customers are consistently demanding products that are delivered faster, exactly on time, and with no damage. Supply chain management is the systemic, strategic coordination of the traditional business functions and the tactics across these business functions within a particular entity and across businesses within the supply chain, for the purpose of improving the long-term performance of the individual entities and the supply chain as a whole. One key objective of supply chain management is to lower the costs required to provide the necessary level of customer service, in order to gain a competitive advantage within a market segment. To be fully effective in today''s competitive environment, entities must expand their integrated behaviour to incorporate customers and suppliers. Low cost and differentiated service help build a competitive advantage for the supply chain.
Environmental degradation, global poverty, lack of human rights, far-reaching health deficits, and corporate governance resulted in sustainable supply chains management (SSCM) to emerge as key enabler that could push organization to focus on alleviating environmental issues, providing economic and social benefits. This book investigates the extent of existence of sustainable supply chain management practices in Malaysia, antecedents that motivate firms to adopt these initiatives, and the actual outcomes of adoption.
Organizations in the construction industry struggle with three key issues: quality management or better meeting customer expectations, supply chain management or more effectively working with suppliers to provide a seamless service to customers, and knowledge management, the challenge of learning between collaborating organisations and between people working on similar projects around the world. Excellence in these key aspects of business is the hallmark of great companies.This book tackles each of these themes, demonstrating their significance as strategic concepts for the construction sector and illustrating how development goals in each of the areas can be met. To be successful Total Quality has to impact on the organisations Performance, which should be measured on a balanced scorecard, including the results from the customer. This can be achieved through good Planning and improvements in Processes through involvement of the People. These 4Ps combine with the 4Cs Customer, Culture, Communication and Commitment to provide a model for implementing total quality into construction.The book brings together, within this consistent theoretical framework, international case studies from all areas of the construction industry. These include examples as diverse as quarrying, construction, design, real estate, land development and regulatory agencies, drawn from the UK, USA, Hong Kong, Singapore Australia and Japan. Through these the authors demonstrate how a total quality or business excellence strategy can be applied in all activities in the construction supply chain to achieve world-class performance.Written by two of the world's leading experts, in a logical and very practical style, Total Quality in the Construction Supply Chain offers students and others new to the subject a clearly structured introduction to the concept of quality in the industry, while offering help and guidance to the most experienced professionals. The book should also appeal to people from all areas of the building and construction sector in any country.* Key management techniques applied specifically to the needs of the construction industry* International case studies demonstrate how to achieve real and lasting improvements in quality across the industry
The Toyota Production System is the benchmark used throughout the world for "lean" thinking. Now you can model your own processes after those of the company that "wrote the book on supply chain management." Written by two experts on the subject, along with a former Toyota senior executive, this book details the most celebrated supply chain operation in the world to help you form an integrated, synchronized system that will be the envy of your industry. You will find key insight into the logic behind every point of Toyota's supply chain, along with both the tactics and strategies you can use to build an outstanding system of your own. "Toyota Supply Chain Management: A Strategic Approach to Toyota's Renowned System" explains how to achieve balance and efficiency by focusing on: - Variety: Determine your variety of offerings based on operational efficiency and market demand. - Velocity: Maintain a steady flow through all processes of the supply chain. - Variability: Manage inconsistencies carefully to reduce cost and improve quality. - Visibility: Ensure the transparency of all processes to enable continuous learning and improvement. The authors provide valuable insider tips and offer hands-on guidance for improvingproduction and operations in a variety of industries, including health care, insurance, banking, credit processing, and retailing. With careful attention paid to every aspect of the subject - from principles and theories to operations and best practices - "Toyota Supply Chain Management: A Strategic Approach to Toyota's Renowned System" is the most comprehensive, insightful guide to forging a world-class supply chain system.
It is undoubtedly true that, the need to improve productivity and profit is very crucial and fundamental in business industry. Accordingly, there is a growing demand for an outstanding supply chain management to fulfill this need. Supply chain management is one of the significant elements which affect the performance of any organization. The growing interest in supply chain management can be attributed to rapid changes in the global business scenario. Across the world, recent years have seen a marked shift towards customization and globalization. This has resulted in competition among firms reaching new frontiers. Therefore, in recent years, supply chain management has acquired immense attention from both academic and industry sides. Thus, the purpose of this study is to investigate how different practices in supply chain management affect the supply chain performance as well as determining which of these selected practices has the highest impact on the performance. This is supported with a survey among managers from randomly selected electronics companies listed in the directory of Federation of Malaysian Manufacturers.
A supply chain is as strong as its weekest link. In order to strengthen the chain Integration is vital for today's business as the synergy of cooperative business practices avoid pooling of potential benefits with one or few companies and help all companies to grow. The integrated supply chain management takes into account the interests of all entities in the business process. The performance measurement should aim at improving global performance rather than company wide performance. This book guides for such an approach to integrated supply chain management.
The focus of the book is to understand the HUL supply chain in North East India. It presents how the stocks move down from Guwahati to the last point like Aizwal & Belonia. The attempt is to understand the complexities of the supply chain and its legs of transportation from CFA to the retailer and finally to the consumer. The book will be helpful for Marketing professionals, students, academic researchers and entrepreneurs who are running business as well as planning to run business in North East India.
The following research work in the context of a MBA Master Thesis analyzes supply chain management operations in five major industries in Taiwan. A social-scientific model was derived from literature review and its hypothesis states that six key dimensions have to be assumed as driving force to determine certain evolution stages in supply chain management. The six key dimensions are: Business Strategies, Customer and Partner Relationships, Information Technology, Information Sharing, Logistics & Procurement and Social Factors. A survey with 50 Taiwanese public trading companies was conducted in Taipei on four international trade fair exhibitions in the time period of June-October 2008. The statistical evaluation of the survey has revealed that a certain set of key elements among the six key dimensions do exert great impact in enhancing the performance level in supply chain management. Finally, the hypothesis was verified that those key elements, which were proven to help the company to achieve higher levels in supply chain management peformance, were also considered to be an appropriate tool in indentifying distinctive stages in supply chain management evolution!
This book addresses the challenges in comtemporary logistics outsourcing and the benefit thereof gained fron outsourcing. It provides a solid frame work for innovative outsourcing through the outsourcing processes. In particular it challenges managers to be innovative in the implementation of strategic decisions especially those in the commodity industry with special reference to cocoa. This work serves as reference material for managers business people and in academia who have the drive to succeed.
In recent years, numerous approaches have been proposed to improve manufacturing plant operations performance. Among many others, supply chain management has received considerable attentions. Despite its benefits, structuring supply chain network is a complex decision making process. At strategic level companies have to decide where to locate new facilities, how to allocate resources to the various facilities, and how to manage the transportation of products through the chain in order to satisfy customer demands. At planning and operational level, companies must collect data and deal with SC decisions regarding to facility, transportation network, inventory, supplier, cost, customer and market, system wide and policy, and any connections among them. It is also stressed that “the chain is as strong as the weakest link”. This work is helpful to analyses the existing practices and enable to develop some strategic methodologies to integrate the supply chains for manufacturing industry. The overall objective in the book is improving industrial performance which is the serious issue throughout the world.
The first book to explain how you can measure social media ROI across multiple departments, for internal/external social media based activities, as well as for new business models (product/services). This book provides help in establishing a thorough social media plan, examining your goals, audience and channel strategy, before examining tools and techniques to measure social media metrics and key performance indicators. This book debunks the myth that ROI, web metrics and social media measuring is a ‘black art’, and makes it easy to understand and use, enabling the reader to create bespoke ROI metrics and improve the return on activity. Practical, straightforward and informed by the key principles which the author has explored in his Social Media MBA, this transformative look at ROI will inspire a move away from ‘Likes’, ‘Followers’ and ‘mentions’ and towards pounds, euros and dollars.
An indispensable guide that shows companies how to treat data as a strategic asset Organizations set their business strategy and direction based on information that is available to executives. The Data Asset provides guidance for not only building the business case for data quality and data governance, but also for developing methodologies and processes that will enable your organization to better treat its data as a strategic asset. Part of Wiley's SAS Business Series, this book looks at Business Case Building; Maturity Model and Organization Capabilities; 7-Step Programmatic Approach for Success; and Technologies Required for Effective Data Quality and Data Governance and, within these areas, covers Risk mitigation Cost control Revenue optimization Undisciplined and reactive organizations Proactive organizations Analysis, improvement, and control technology Whether you're a business manager or an IT professional, The Data Asset reveals the methodology and technology needed to approach successful data quality and data governance initiatives on an enterprise scale.
Green Supply Chain Management (GSCM) is a kind of sustainable strategic development for enterprises in today’s competitive workplace, which has emerged as a new innovative approach, to achieve both financial and environmental benefits simultaneously by reducing environmental risk and impact. This book considers the factors contributing to Green Supply Chain Management adoption consists of Environmental Regulation, Environmental Management System (EMS) adoption, External Stakeholders’ pressure, Internal Strategic Motivations
Strategic supply chain management can be considered as a tool to enhance organizational performance. Based on knowledge-based view of the firm perspectives, Knowledge management (KM) is a crucial requirement for the organizations to leverage their knowledge in today’s turbulent business environment. Therefore a strategically managed supply chain which concerns knowledge acquisition and application can boost organizations’ success opportunity. This book highlights the importance of supply chain learning and applied supply chain process knowledge, as well as the relationship between these factors with organizational performance enhancement. Hence, it is the supply chain managers’ responsibilities to establish a learning environment both within the organization and beyond the borders in order to exchange the information easily. They also have to ensure that acquired knowledge from learning processes, are properly applied in order to create or improve the products, processes or systems.
The supply chain (SC) can be understood as the integration of all business entities that work together in order to ensure that the final client receives a product or service at the right time, in the right quality, and at low cost. To achieve this, it is necessary to coordinate all the business entities within a SC. This can be achieved through supply chain management (SCM). This book addresses one of the problems included in SCM which is supply chain network design (SCND). The design of a supply chain network aims at selecting the business entities that increase the overall performance of the SC. Cost of Quality (COQ) represents a powerful measurement system that translates the implications of poor quality into a monetary language. This work includes three main contributions: (1) the model internally computes the COQ for the whole SC considering the interdependencies among business entities; (2) the model can be used at a strategic planning level to design a logistic route that achieves a maximum profit while considering the quality level within a SC; and (3) solution methods based on metaheuristics are developed and computational experiments are performed.