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Supply Chain

Supply Chain

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Published by moveonman

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Categories:Business/Law, Finance
Published by: moveonman on Oct 06, 2009
Copyright:Attribution Non-commercial

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04/22/2013

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SUPPLY CHAIN MANAGEMENT
ACKNOWLEDGEMENT
It is a great pleasure in presenting this project as a part of our curriculum. We would like to thank  people who helped us making our project a success.First of all we would like to thank Prof. Vinay for giving us an opportunity to work on this project and for his immense help and coordination, who gave us encouragement and guidanceduring our project period.We would also like to thank our institution (BMA) for giving us an opportunity to work on this project.
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SUPPLY CHAIN MANAGEMENT
Introduction:
Until the dawn of 20
th
century business as well as distribution channel used the traditionaldelivery process for the experience and expertise dating back to the industrial revolution era. Butthe introduction of information technology brought up a new dimension to the whole delivery process. Information technology has given business connectivity a new way of order relationshipcalled Supply Chain Management. Supply Chain Management is a process where in firmscollaborates with each other in the bid of leveraging their strategic positioning and to increasetheir operating efficiency (Bowersox, Closs, 2008).Marketing, distributing, Planning, manufacturing and purchasing was considered independentlyas not a part of supply chain during the outset of industrial revolution. Each of the processes hadtheir own set of goals and objectives and they operated independently.Marketing considered high customer service and maximization of profitable sale as their objective; Manufacturing had higher and efficient output at the lower costs as their objective etc.Thus there was a need of mechanism wherein all independent functions could be integratedtogether (Ganeshan, Harrison, 1995).Supply chain management can be viewed as a decision making process between strategy andoperation. It’s also seen as a mechanism that lies in-between this completely vertically integratedindividual firms where the whole operation takes place with the mix of coordination andeffective management. Thus supply chain is like a relay team within each team is morecompetitive and there needs to coordinate between the entire team for achieving results..
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SUPPLY CHAIN MANAGEMENT
Executive summary:
The competitive and global nature of today’s business environment dictates that this directionand transformation takes place in a way that is efficient and effective as possible. Continuingemphases on time, cost and quality improvements have sharpened the need to coordinate andcooperate with trading partners around the world to achieve results that allow customers to besuccessful. Thus Supply chain management focuses on the integration of activities across severalcompanies to manage the flow of products, services, people, equipment, facilities and other resources.The report covers the literature behind Supply chain and Supply chain management. The variousobjectives and analysis of Supply chain management are covered in the report. There are manyelements which form a backbone of Supply chain management. Efforts are been made to explorethese dimensions with the help of retail giant “Wal-mart”. The report also covers the evolution of Wal-mart with Supply chain management technology at its behest. Efforts are been made tounderstand different processes that Wal-mart uses in its Supply chain management.
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