Digital Supply Chain Management

Individual Assignment

Submitted to:
Professor Sukumar Narsimhan
Digital Business Ready Supply Chain Management
BIMTECH, Knowledge Park II,
Greater Noida, UP, India

Submitted By:
Amisha (22DM028)

We've seen the example of the concept of Journey of a product from Creation to Consumption
through the Spoons journey in the class.
I want you to take on the role of a Business Lead for spoons, interested in getting ALL relevant
pieces (fields) of information that will be needed:
a) To ensure (AP+OE) is < AR, and
b) That (t1 - t0) is as close to 0 as possible.
The following facts would be necessary to make sure that AP+OE is less than AR:

Accounts payable (AP)

Operating expenses (OE)
Accounts receivable (AR)
In order to manage the current levels of AP, OE, and AR, Sales data, to keep track of the amount of
revenue and accounts receivable, Operating costs, including labour costs, cost of products sold, and
other charges, Invoices from vendors and payment dates are included in the accounts payable
information

The following data would be necessary to make sure that (t1 - t0) is as close to 0 as possible:

The duration of a customer's payment (t1)

The length of time it takes for a firm to get paid (t0)
The time it takes a company to complete an order (t2)
Product lead times from suppliers
Levels of stock and reorder points
Information on shipping and logistics, such as transit times and carrier performance
Demand from customers and ordering trends
Timetables for manufacturing or production
This is the fundamental knowledge needed to achieve the aforementioned goals. Depending on the
particulars of your company, more details can be required.

The quantity of the company's inventory, its manufacturing capacity, and any other information that
might have an impact on its capacity to deliver orders promptly should also be known. It would also
be advantageous to know the company's creditworthiness, financial health, and cash flow.
Additionally, it's critical to have a thorough awareness of the market, the competition, and any
applicable laws or professional standards that can have an impact on the company.
Last but not least, it's critical to comprehend the company's aims and objectives and how they relate
to the data and information being gathered.

List all the steps where you'll need information.

 Total Sales figures/estimated market size for spoons
 Manufacturers and suppliers list
 Purchasing from suppliers and vendors
 Manufacturing and delivery schedules,
 Logistics-related multimodal transportation to the warehouse, and
 Assurance of spoon quality (cutlery)
 Order management on an e-commerce website
 Managing the shipment with the delivery partners
 Timely delivery to the final customers

Develop a roadmap of areas where information sharing between different entities will be
required.
To ensure efficient flow of information between different entities during an online purchase, a
smooth flow of communication should be built between manufacturers.
Vendors » Ecommerce marketplace» Logistics partners and end consumers. Also, frequently
consumers want to ensure the source of the product they are buying online to ensure trust and
quality, therefore precise vendor details should be revealed online along with product details for
transparency.
 Product Roadmap

 Type of spoons demanded in the market.

 Quantity of stock demanded.
Market Research  Traditional trend in the market (wooden spoon,
steel spoon, edible spoon etc.)

 Depends on the locality of people using spoons i.e. in

the south region of India majority of people prefer to
use fork spoon but on the contrary in the northern
Product Designing India people prefer normal spoons.
 Material of spoons used in different localities like
tamba, steel, plastic etc.

 Procurement of cost-effective raw material.

 Production of right quantity of units.
 Number of units produced in particular unit of time
according to the market demand.
Production  Providing best quality of spoons.
 Using cost effective and proficient machinery for
substantial production.

 Packaging should be designed by keeping in view

the spoon’s safety in mind.
 Product must be stored in such a way that will
reduce the carrying cost substantially.
 Logistics must be comparatively cost efficient than
Packaging the other competitors in the market.
 Packaging should be attractive to attract customer’s
attention.

 Regular feedback from retailer regarding customer

demand.
 Regarding any complaint related to the product,
Retailer  regular
Revenueand repetitiveinfeedback
generation from
particular timethe consumers
period.
must be taken.
 Increase or decrease in revenue must be tracked.
Sales  Promotion
Improve inby the retailer
quality of our
and price product.
of the product in
 Knowing thewith
accordance preference and choice
the market of therevenue.
to improve customer.
Contemplate on and list areas where information availability/sharing could pose problems.
• An incorrect view of market demand results in either an over or underproduction of the
commodity.
• A decrease in income results from incorrect production cost estimation.
• Product under-pricing when compared to the market.
• Presuming little product damage occurs during shipment.
• Inaccurate carrying cost and logistics calculations will result in an increase or decrease in the
capital investment.