What are the 10 key elements of supply chain management?

What are the 10 key elements of supply chain management?

What are the 10 Basic Elements of Supply Chain Management?

• Integration. Every business needs strategic planning for the better functioning of operations.
• Operations.
• Purchasing.
• Distribution.
• Agility.
• Innovation.
• Performance Measurement.
• Alignment.

What are the 7 principles of supply chain?

• Adapt Supply Chain to Customer's Needs.
• Customize Logistics Network.
• Align Demand Planning Across Supply Chain.
• Differentiate Products Close to Customer.
• Outsource Strategically.
• Develop IT that Support Multi-Level Decision Making.
• Adopt Both Service and Financial Metrics.

What are the elements of supply chain sustainability?

What are the 3 elements of supply chain sustainability? Sustainability in supply chains requires three responsibilities: social, environmental, and financial. For those of you familiar with the Triple Bottom Line (TBL) method of accounting, these three elements will sound familiar.19-May-2021

What are examples of supply chain sustainability?

Examples include using raw materials that have a relatively favorable environmental footprint, powering the company's operations with green energy sources, and favoring suppliers that emphasize renewables. Increased Efficiency in the Use of Operational Resources.14-Jul-2020

What are the 8 components of supply chain management?

The Eight Components of Supply Chain Management

• Planning. This is one of the most important stages.
• Information. The world today is dominated by a continuous flow of information.
• Source. Suppliers play a very crucial role in supply chain management systems.
• Inventory.
• Production.
• Location.
• Transportation.
• Return of goods.

What are the four 4 main elements of a supply chain?

Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.07-Dec-2021

What is supply chain principle?

Supply chain management is the process of planning and coordinating all of the people, resources, and technology that contribute to a company's value creation. Negotiating prices, scheduling manufacturing, and managing logistics all impact a company's value equation and are vital components of a supply chain.

What are the 7 principles of procurement?

7. Principles of Procurement

• Accountability.
• Competitive Supply.
• Consistency.
• Effectiveness.
• Value for Money.
• Fair-dealing.
• Integration.
• Integrity.

What are principles of logistics?

Therefore logisticians must understand and apply logistics Principles in managing logistics support, Logistics principles has eight principles those are : Logistics Intelligence, Objective, Generative logistics, Interdependence Simplicity, Timeliness, Forward Impetus and Security.

What are the three pillars of sustainability in a supply chain?

Sustainability can be broken into three distinct pillars: economic, social and environmental. Economic sustainability is related to a company's long-term profitability, while social sustainability is how a company supports its employees, stakeholders, suppliers and community.12-Feb-2020

What is the goal of supply chain sustainability?

Sustainability has emerged as the key corporate goal across industries, setting a challenge for companies to compete on sustainability at a global scale. Sustainability in supply chain management is the ability to maintain the standardized processes without affecting the environment.

How do you make a supply chain sustainable?

The following five steps can help you build a sustainable supply chain.

• Identify sustainability issues within the supply chain.
• Adopt a circular supply chain.
• Fuel consumption.
• Eliminate dead mileage.
• Engage suppliers.
• Social responsibility.
• Environmental responsibility.
• Financial responsibility.

What are some benefits to improved sustainability of a supply chain?

Five benefits of a sustainable supply chain

• Reduced environmental impact. There is a common misconception that reducing the environmental impact of a business comes at a cost.
• Improve continuity of supply.
• Protecting against reputational damage.
• Potential for new partnerships.
• Win more business.

What are the green practices in sustainable supply chain management?

Types of green supply chain practices

• Green purchasing: Green purchasing, which means finding suppliers with environmentally sustainable products and services, is just as important as greening your own operations.
• Green manufacturing:
• Green packaging:
• Green warehousing:
• Green transportation:
• Life-cycle management:

What are some things supply chain members could do to improve sustainability?

Companies can take several initial steps to move toward sustainable supply chains:

• Map your supply chain.
• Communicate expectations.
• Baseline supplier performance.
• Develop training and capacity building programs.
• Drive performance improvement.
• Join industry collaboration.

What are the 6 supply chain models?

Here are six types of supply chain models that can drive supply chain management for a business:

• Continuous Flow. This is one of the most traditional models on the list.
• Fast chain. The fast chain model is one of the new names in supply chain strategies.
• Efficient Chain.
• Agile.
• Custom-configured.
• Flexible.

What are the five 5 aspects of supply chain?

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.

What are the 5 basic steps of supply chain management?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.31-Aug-2020

What are the six drivers of supply chain excellence?

These drivers are; Facilities, Inventory, Transportation, Information, Sourcing and pricing.

What are the four pillars of supply chain management?

Managing the “4 pillars” of global procurement – people, process, technology, and supply chain – is crucial for ensuring a global approach to standardizing technology infrastructure for the enterprise.09-May-2017

What are the 3 types of supply chain?

The three levels of supply chain management are strategic, tactical and operational.

• Strategic Planning. This level of supply chain management is responsible for developing long-term plans that outline the company's overall objectives and goals.
• Tactical Planning.
• Operational Execution.

What are the 10 key elements of supply chain management?