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.
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.
Praise for Enterprise Supply Chain Management: Integrating Best-in-Class Processes «Enterprise Supply Chain Management: Integrating Best-in-Class Processes is a great primer on all things supply chain. This is a must-read for any IT, finance, business, or sales executive working for an organization where supply chain is a strategic discipline.» —David Landau, Vice President, Manhattan Associates «This book provides a comprehensive mapping of supply chain processes and associated solution architecture. Its clarity and concise language makes it a definite read for anyone with a need to understand the bigger picture on supply chain management solutions and best practices. Equally suited for supply chain managers, IT managers, architects, and students looking forward to a career in supply chain management.» —Yasser Alkazzaz, Senior Vice President of Supply Chain, Hatch Corporation (Canada) «Easily the best book for the practitioners who must understand the overall scope of supply chain functions, technology, and its impact on finance in an enterprise, without the need to get into the algorithms behind the supply chain solutions. The appendix on potential evolution of a green supply chain is thought-provoking for those pioneering carbon-aware supply chains.» —Pervinder Joharformer, CTO and Executive Vice President, Manhattan Associates «Great book and especially relevant in these times when reducing expenses is vital given the current economic times. The book clearly explains how implementing the correct supply chain processes can help you to achieve your cost-reduction goals; and if you are someone whose job depends on achieving these goals, this is for you.» —Henry Blum, Manager, Logistics Applications, Inc. Find out how your supply chain processes fit into your company's big picture—using best-in-class processes Clearly written and foundational in approach, this book builds on fundamental concepts including: Why the heart of your supply chain is the flow of merchandise The wide scope of supply chain functions in your enterprise Clearly explained industry terms that demystify the jargon The financial implications of supply chain management The ins and outs of demand and supply planning, transportation, and warehouse management, reverse logistics management, and collaboration Enterprise Supply Chain Management is filled with an abundance of examples that simplify and cover a wide scope of supply chain functions.
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.
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.
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.
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.
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.
The latest thinking, strategies, developments, and technologies to stay current in supply chain management Presenting the core concepts and techniques of supply chain management in a clear, concise and easily readable style, the Third Edition of Essentials of Supply Chain Management outlines the most crucial tenets and concepts of supply chain management. Shows how to utilize technology to boost efficiency and responsiveness Introduces new material on the latest technology and practices available for supply chain management Offers new cases and executive interviews throughout the book Written by author of Business in the Cloud: What Every Business Needs to Know about Cloud Computing Creating an effective supply chain is key to staying ahead in today's complex market. The Third Edition provides the tools, guidance, and examples to help maximize business performance and create competitive advantage.
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.
Take a more active role in strategic asset allocation Goals-Based Wealth Management is a manual for protecting and growing client wealth in a way that changes both the services and profitability of the firm. Written by a 35-year veteran of international wealth education and analysis, this informative guide explains a new approach to wealth management that allows individuals to take on a more active role in the allocation of their assets. Coverage includes a detailed examination of the goals-based approach, including what works and what needs to be revisited, and a clear, understandable model that allows advisors to help individuals to navigate complex processes. The companion website offers ancillary readings, practice management checklists, and assessments that help readers secure a deep understanding of the key ideas that make goals-based wealth management work. The goals-based wealth management approach was pioneered in 2002, but has seen a slow evolution and only modest refinements largely due to a lack of wide-scale adoption. This book takes the first steps toward finalizing the approach, by delineating the effective and ineffective aspects of traditional approaches, and proposing changes that could bring better value to practitioners and their clients. Understand the challenges faced by the affluent and wealthy Examine strategic asset allocation and investment policy formulation Learn a model for dealing with the asset allocation process Learn why the structure of the typical advisory firm needs to change High-net-worth individuals face very specific challenges. Goals-Based Wealth Management focuses on how those challenges can be overcome while adhering to their goals, incorporating constraints, and working within the individual's frame of reference to drive strategic allocation of their financial assets.
This book give the details about the Supply chain risks, vulnerabilities, complexity and uncertainties have emerged as key challenges to supply chain management. Supply chain risk management assumes importance in making the organizations understand that their risk sensitivity is dependent on other constituents of their supply chain. These risks are prone to disruptions, Forecast inaccuracies, breakdowns, economic and political changes, and disasters leading to higher risks and making supply chain management difficult. The present study categorized and refined the supply chain risks sources and its mitigation strategies for dealing with these risks. Fuzzy Analytical hierarchical process was utilized to determine the relative weights of risks which are subsequently used to rank the risk on the basis of their impact on supply chain. Understanding the priorities would help the firm to accord importance and develop suitable strategies to manage supply chain risks.
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.
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.
Through elegant and simple mathematical modeling and optimization of supply chain production inventory coordination decisions, this book presents several useful models that can be easily applied to achieve key goals of supply chain management. Mainly, it provides sound solutions to the problem of coordinating production and inventory decisions across the multi-stage supply chain so that the total cost of the system is minimized.
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!
How to set up and run a (student-based) business consultancy that is ready to cope with constant changes in the business environment? This book is based on two essential and, in the opinion of the author, interconnected elements: strategy and organizational culture. It shows how to develop a student-based business consultancy that is ready to prosper in the age of turbulence. The book follows the strategic process and it consists of brand new and unique concepts developed by the author - the key one is called 'Learning-based value generator'(LBVG). This LBVG model is a new model developed on a base of Value chain analysis model in order to cope with constant changes as well as to suit a service-based industry nature. You can use this book as a generic guidebook on how to follow the strategic process as well as how to establish a truly self-developing and customer-oriented consultancy. The author is using a practical example of Prague and one of the private schools in order to illustrate the strategic process.
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.
Everyone can impact the supply chain Supply Chain Management For Dummies helps you connect the dots between things like purchasing, logistics, and operations to see how the big picture is affected by seemingly isolated inefficiencies. Your business is a system, made of many moving parts that must synchronize to most efficiently meet the needs of your customers—and your shareholders. Interruptions in one area ripple throughout the entire operation, disrupting the careful coordination that makes businesses successful; that's where supply chain management (SCM) comes in. SCM means different things to different people, and many different models exist to meet the needs of different industries. This book focuses on the broadly-applicable Supply Chain Operations Reference (SCOR) Model: Plan, Source, Make, Deliver, Return, and Enable, to describe the basic techniques and key concepts that keep businesses running smoothly. Whether you're in sales, HR, or product development, the decisions you make every day can impact the supply chain. This book shows you how to factor broader impact into your decision making process based on your place in the system. Improve processes by determining your metrics Choose the right software and implement appropriate automation Evaluate and mitigate risks at all steps in the supply chain Help your business function as a system to more effectively meet customer needs We tend to think of the supply chain as suppliers, logistics, and warehousing—but it's so much more than that. Every single person in your organization, from the mailroom to the C-suite, can work to enhance or hinder the flow. Supply Chain Management For Dummies shows you what you need to know to make sure your impact leads to positive outcomes.
What is the relationship between logistics and supply chain management? What factors need to be taken into account when designing a supply chain? How do you forecast your supply chain requirements? What inventory concepts do you need to know? Business Logistics Management fifth edition covers concepts and theories relating to the movement of goods, and the coordination of the supply chain.