What are the factors affecting supply chain management?

What are the factors affecting supply chain management?

Factors Affecting an Effective Supply Chain Management

• Environmental Uncertainty.
• Information Technology.
• Supply Chain Relationships.
• Manufacturing.
• Supply Chain Management Performance.
• Business Management.
• Customer Satisfaction.

What are the 5 most important factors of SCM?

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.

What is a supply chain PPT?

“A supply chain is a network of facilities and distribution options that perform the function of procurement of material transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. ” 4.06-May-2012

What factor will affect your supply chain in future?

Economic markets and specifically inflation, geopolitical and trade risks, and the changing global health situation will all impact supply chains.27-Jan-2022

What are the factors affecting the value chain?

Porter identified four supporting factors in a value chain: Infrastructure, human resources, technology development and procurement. Infrastructure and technology development essentially relate to build-up and development of buildings, equipment, supplies and technology to support ongoing business activities.

What are the 7 supply chain functions?

While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.

What are the four 4 stages of supply chains?

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. Communicating and collaborating with all parties is a business strategy that eliminates errors and saves money.07-Dec-2021

What are the 5 types of supply chain?

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 is the role of supply chain management?

Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.

What are the objectives of supply chain management?

The following are the 7 most important objectives of Supply Chain Management.

• Improving Efficiency.
• Improving Quality.
• Optimising Transportation and Logistics.
• Reducing Costs.
• Enhancing Customer Satisfaction.
• Improving Distribution.
• Maintaining Better Coordination.

What are the benefits of supply chain management?

Important benefits of supply chain management

• Better collaboration with suppliers.
• Better quality control.
• Shipping optimisation.
• Reduced inventory and overhead costs.
• Improved risk mitigation.
• Stronger cash flow.
• A more agile business.
• Better visibility and data analytics.

What are the environmental factors that affect supply chain?

The environmental impact in the supply chain isn't limited to greenhouse gas emissions. Water scarcity, issues with land use, toxic waste, water pollution, deforestation, air quality and energy use are all important considerations.06-Dec-2018

What is causing supply chain issues 2022?

Driver shortages, logistics provider capacity issues, inflation, shipping delays, increased freight costs, depleted inventory levels, labour shortages and demand peaks are driving discussions and require attention.

What are the major supply chain issues?

the three critical challenges facing global supply chains: labor shortages, equipment availability, and the ripple effect of global bottlenecks.28-Apr-2022

What are the five factors of uncertainty in the supply chain?

The main uncertainty factors identified in the literature are related with demand, supply, Page 4 4 resource capacity, production costs, exchange rates, transportation (lead times and costs), duties, prices (product and raw-material), and extreme events.

What is the single most important factor in supply chain management?

'Customer experience is becoming the most important factor in supply chain success' Customer experience will soon be the most important factor for a successful supply chain – even more important than low costs, according to six out of ten supply chain professionals.27-Sept-2019

What are three factors that can impact variation in supply chain networks?

Causes of variability are due to short term situations, such as: Transport capacity available and its reliability. Planning and scheduling errors and data entry mistakes. Inventory being out of stock.07-Aug-2019

What are principles of SCM?

• 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 4 main functions of SCM?

Distribution

• Aligning distribution flows.
• Integrating the functions from manufacture to delivery.
• Designing complex and advanced systems.
• Managing and coordinating resources.

What are the stages of supply chain?

At their most basic, the key steps in a supply chain include:

• Original sourcing or extraction of raw materials.
• Refining or manufacturing materials into basic parts.
• Assembling basic parts into finished products.
• Selling finished products to end users.
• Delivering finished products to end users or consumers.

What are the 8 supply chain processes?

The Supply Chain Management Process includes the building blocks of Supply Chain Management are Strategic Planning, Demand Planning, Supply Planning, Procurement, Manufacturing, Warehousing, Order Fulfillment and Transportation business processes.

What are the factors affecting supply chain management?