Module 2 Building Competitive Operations Planning And Logistics Pdf
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- Logistics—Essential to Strategy
- Glossary of Supply Chain Terms
- 50 expert tips on logistics planning and strategy
- Module 2 - CSCP
Stymied by stickering? Exasperated by XML? And just what is Poka Yoke , anyway? Let Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms help.
Logistics—Essential to Strategy
Logistical considerations have always played a strategic role in business. Among retailers and wholesalers, they transcend inventory management and transportation to include one of the most critical factors in business success—location in relation to markets or sources of supply. Among manufacturers, logistics concerns itself with matters as basic as plant location, sourcing of raw materials, […]. Among manufacturers, logistics concerns itself with matters as basic as plant location, sourcing of raw materials, and standards of customer service. In recent years, changes in the business environment have forced companies both large and small to pay particularly close attention to how this function relates to others. As the author shows in this article, many companies have responded to these challenges by developing competitive strategies based in part on such concepts as postponement and speculation, standardization, consolidation, and differentiation.
Glossary of Supply Chain Terms
In commerce , supply chain management SCM , the management of the flow of goods and services,  involves the movement and storage of raw materials , of work-in-process inventory , and of finished goods as well as end to end order fulfilment from point of origin to point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and capital in functions that broadly include demand planning, sourcing, production, inventory management and logistics -- or storage and transportation. Although it has the same goals as supply chain engineering , supply chain management is focused on a more traditional management and business based approach, whereas supply chain engineering is focused on a mathematical model based one. An example of these conflicts is the interrelation between the sale department desiring to have higher inventory levels to fulfill demands and the warehouse for which lower inventories are desired to reduce holding costs. In , Keith Oliver , a consultant at Booz Allen Hamilton introduced the term "supply chain management" to the public domain in an interview for the Financial Times.
50 expert tips on logistics planning and strategy
You can still proceed with your address as entered, but an incorrect address may result in billing or shipping delays. ASCM has an established a local international partner for professionals residing in this country. You have the option to purchase a dual membership that gives you access to benefits of both organizations.
January 4, By mhugos. Zara changes its clothing designs every two weeks on average, while competitors change their designs every two or three months. It carries about 11, distinct items per year in thousands of stores worldwide compared to competitors that carry 2, to 4, items per year in their stores. The screenshot below shows a closeup satellite view of this facility.
Strategic SCM is: The foundation of business model That drives corporate strategy architecture By aligning and pooling resources, processes, structures and systems Throughout the supply chain network It has evolved from an emphasis on integrating logistics and lowering of costs to provide better products and services to customers on real time basis and cost efficient manner. SCM in Value Chain Perspectives SCM recognised as core competency to gain sustainable competitive advantage firms ability to differentiate itself from others Value Chain disaggregates a firm into its strategically relevant activities in order to: Understand. SCM integrates value chains of all business partners and synchronizes their value adding processes for the speedier flow of: Goods Cash Value Related. Value Flow: Value is the difference between the perceived benefits from a product or service and the cost of acquisition in the eyes of the customer Quality-Cost-Quick. Goods Flow: The flow of goods is always in the forward direction, ensuring better customer service, superior value, greater market dominance and higher market share.
Module 2 - CSCP
A strategic plan is a framework or series of guideposts that keeps an operating plan on the right path to meeting objectives. A comprehensive logistics strategy should encompass strategic, operational and tactical levels of logistical planning as well as the four main pain points in the supply chain, including facility locations, customer service levels and inventory and transportation decision-making. The primary objective of any logistics strategy is to deliver the right products to the right customers at the right time and at the least possible cost. An effective logistics strategy can help your company minimize investments and other costs by defining the service levels at which your organization is most cost-effective. The result is a win-win situation: your company benefits from cost efficiency, and your customers get what they need, when they need it, boosting customer satisfaction. In a changing environment, logistics planning minimizes risk by enabling companies to anticipate change and develop strategies to adapt to those changes. Supply chains are always in a state of flux, so many companies develop logistics strategies for specific product lines, geographic regions or customer segments, enabling them to adapt to market changes impacting one region or business line while maintaining efficiency across others.
Building a Sustainable Competitive Advantage. College of Business. University of Mary Washington. Fredericksburg, VA
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