Pal Hirahi oe kanaaca wt “SPM Assignment Soa tat ane pate CSE=12 [sem Stands for Supply Chain Mancgemem which iS the [process of managing the flow of goods and Services fron [the “point of Origin to the Point of | “tonsumption . Tt invelves he co-ordination and integration of varioud activities such Qs) procuremem — production | inventory management — drancp. stron and distribution do. optimize: the Supply ichain |S lefeicency and effectiveness » Methodology Of SCM tPlanning = This Involved » recasting demand setting producti Scedutes sand deferming inventory evels. to meet custemer demand uhile grinimizing costs. « ix Sourcing ~ Identifying and selecting, suppliers . negotiating contracts and managing Supplier relatjonsh ips 40 ensure the timely and cost effective delivery of matetials and Components . i # Manufacturing — Transforming raw materials who fish Products,” threagh Production proces thet are efficten. Inventory | Monagement ~ Monitoring and controling inventor Levels fo balance: aprlay and demand minimize cosh . logistics - Managing the transpertatl es wareheustng. an ug distrin ution ye goadt do ensdre ) they reac “Customers ih aii dimely and Cosh! effcdive Maahner - ‘Scanned with CamScanner[l= coltas oration — Facilidcting collaboratlon and Communication amend Supply Chain partners 40 Unprove Co-ordimarson Visibility and responsiveness - [Advantages of SCM [+ Etfictency boosh = SCM Slreamlines processet reducing HP) matte Gnd optimizing resource utilization , _ | Cost savings = Tr leads, dy significant cost reducdton ¢ through wrenkory optim atten _, transportation e a eHiclenty and proved iproductby proce Ser. & Enhance d Customer Gervice = Epablles wick response | to customer _clemands shorter, lead dimes and | improved order fulfilment resulting — in higher customer Sad is Paci fon « { Improved collaboratloh = Facilidater peter commun teation o and ‘intormation Charing Amory | supply chairs il Ppartnert penhancing Co~ ordination i « Data ~ driven — decitiont ~~ provides oreal Jone visibility | mto “Supply Chain aciivitiel enabling data drives i deeiston mabing sand quicker pee ponsel | disadvantages of — Scmi ne a) ( fl iia 7 % Complerity -Maneying ie syynly Chain ipvelve s By laa dealing pith wumerous chabehoders » procele, ar x YWartab\es —jnereasing aural’ comple nt y y _ 9 ee Dependency on Supplier ¢ | - companict tel {er \ Lp Supplters: for dimery delivery 4nd quality matertalr atin 9 +how vulberabls , % 4 Scanned with CamSeaner+ Cost of implementation ~ japlemenhing SC rn syems Gnd _preceses Can be Cosaly | ons pom x | “consuming reg wihing \nue SH ech nology intratdruchare ond draining . Thdormoaion Sharing _t Ists csharing sensitive: information ee! Uh Supply chain partnes can pest securty and contidentialy risks jf proper Safeguard are not be Da Terlcction poh need @_! Recomnire the requirement for a Contrach — driven | prouirement weds Or buines — objectvu, _* [Requirement Baty sis 0.) 2 to | Analyse) andi define the scope, dethni cal / re: uatty standards end performan t¢ * Martel Rerearch and Supplier Identification . | Research» potential \\ Supplier, evaluate thelr capauibies | and identify gultable —_ qandidates , a || Solicitation and proposal evaluation . True secialiettation 4! receive Propesal from Suppliers 6 and evaduate them based) 9M) predefined data | + Negotiation and contract Award 9 <9) | j Negotiate — terme with Selected Supphets Ans award RC leontrattey to the most fuitable | bidder + | Contract ‘adninistratton 1 j Manage the _contrect A bud) ols. lecgele ening Aroughoud KS — tyclelegtt eng uring “Compliance monitoring performence and, Feoluing OY. isfuer > j i! 4 Low ondive We weal 1439 Ws ory ; — ‘Scanned with CamScanner—@ | t_contract is 4 legally binding, “agreement betwee ise or more parties that outlines the terms and ’ | Condidtons governing aheir relationship . 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