Beyond design and maintenance of a supply chain itself, supply chain professionals participate in aspects of business that have a bearing on supply chains, such as sales forecasting, quality management, strategy development, customer service, and systems analysis. Companies will also seek partnerships with other businesses that incorporate digital solutions, which deliver more accurate delivery ETA estimates and cut down administrative work. This integration streamlines the entire supply chain and helps supply chain managers to identify issues before they occur. [10], Supply-chain management, techniques with the aim of coordinating all parts of SC from supplying raw materials to delivering and/or resumption of products, tries to minimize total costs with respect to existing conflicts among the chain partners. Cross-docking is the process of transferring goods directly from inbound trucks to outbound trucks. Electricity and transportation hugely contribute to greenhouse gas emissions in the US, so green logistics are quickly gaining traction among many companies today. Cloud technology allows supply chain managers to access the data they need wherever they are. Still, we may see more businesses adopting ‘Supply Chain as a Service’ or SCaaS business models and outsourcing activities like manufacturing, logistics, and inventory management. Tax-efficient supply-chain management is a business model that considers the effect of tax in the design and implementation of supply-chain management. Production of a good may evolve over time, rendering an existing supply chain design obsolete. 80% of manufacturers will have multi-country operations by 2020. can help make the entire supply chain more transparent to minimize disruptions and improve customer service. Aside from reading up on the latest supply chain statistics, it’s always helpful to stay updated on the latest supply chain trends. The consequent problems include different currencies and valuations in different countries, different tax laws, different trading protocols, vulnerability to natural disasters and cyber threats,[103] and lack of transparency of cost and profit. These systems help prevent excessive waste of resources. ), Canada: McGraw Hill Ryerson. [106] The whole consulting process generally involves the analysis of the entire supply-chain process, including the countermeasures or correctives to take to achieve a better overall performance. 6 strategies for better supply chain management in the current. Supply chain managers can take advantage of supply chain modeling solutions to predict scenarios and identify potential problems. Moreover, a circular supply chain creates less waste, helping companies reduce their overall impact on the environment. 75–88, CS1 maint: multiple names: authors list (. Disclosing information about these aspects of their supply chain can help companies enhance brand image among consumers and prepare for compliance with regulatory requirements if necessary. Colin Scott (2011), Guide to Supply Chain Management, Springer, Carol Ptak & Chad Smith (2011), Orlicky's 3rd Edition, McGraw Hill. Knowledge workers—those capable of handling complex processes like analytics, procurement processing, and provision of services—drive the labor component of supply chains, and the emerging labor workforce in the US doesn’t have the training and expertise to handle these processes. The supply chain segment involved with getting the finished product from the manufacturer to the consumer is known as the distribution channel.[61]. To cut these costs, Wal-Mart decided to do away with intermediaries in the supply chain and started direct sourcing of its goods from the suppliers. 0000000656 00000 n Collaboration for parts of value chain with low-cost providers, Shared service centers for logistical and administrative functions, Increasingly global operations, which require increasingly global coordination and planning to achieve global optimums, Complex problems involve also midsized companies to an increasing degree, Ferenc Szidarovszky and Sándor Molnár (2002), Haag, S., Cummings, M., McCubbrey, D., Pinsonneault, A., & Donovan, R. (2006), Management Information Systems For the Information Age (3rd Canadian Ed. 17, No. Dayton is within 500 miles of 60% of the US population and manufacturing capacity, as well as 60% of Canada's population. Because supply chains may account for over 75% of a company's carbon footprint, many organizations are exploring ways to reduce this and thus improve their SECH rating. Volume29, Issue 1, January 2000, Pages 65–83. In the design of supply chains, they help determine whether a product or service is provided by the firm itself (insourcing) or by another firm elsewhere (outsourcing). Aside from the skills gap, the shortage of supply chain workers also stems from a lack of interest in these jobs. Another, the Institute for Supply Management, is developing one called the Certified Professional in Supply Management (CPSM) focused on the procurement and sourcing areas of supply-chain management. Elastic logistics allow the supply chain to easily expand or shrink according to current market demands. Green logistics is just one of the many supply chain trends affecting warehousing. The growing use of robots[17] and robotic processes automation software, however, does not end in the replacement of humans. Don't Miss Out! [67] Initially, the company was incurring considerable costs of storing the suppliers from the suppliers in its warehouses and the distributions centers to await the distribution trucks to the retail stores in various regions. A supply chain can be classified as a stage 1, 2 or 3 network. (1996) Supply Chain Management, Purchasing and Supply Management, Logistics, Vertical Integration, Materials Management and Supply Chain Dynamics. Eco-friendly warehouses[3], for instance, feature advanced energy management systems that use timers and gauges to monitor the usage of electricity, heat, water, and gas all over facilities. They also demonstrate that visibility needs to be improved if supply cannot be directly controlled and that smart and electronic technologies play a key role to improve visibility. %%EOF However, advancements in technology give business owners plenty of ways to optimize their supply chains to ensure everything runs as smoothly as possible. All users must agree to updates or edits to the data before they’re implemented. Strict government regulations on recycling and waste disposal also influence the adoption of a circular supply chain. [32], Many researchers have recognized supply network structures as a new organisational form, using terms such as "Keiretsu", "Extended Enterprise", "Virtual Corporation", "Global Production Network", and "Next Generation Manufacturing System".

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