abhishreshthaa

New member
Objectives of SCM

A well designed SC is expected to support the strategic objectives of:-

1. Solving supplier’s problems and beyond his level.


2. Customer service performance improvement.


3. Reduction of pre & post production inventory.


4. Minimizing variance by means of activities like standardization, variety reduction, etc.


5. Minimum total cost of operation & procurement.


6. Product Quantity control.


7. Achieving maximum efficiency in using labour, capital & plant through the company.


8. Flexible planning and control procedures.
 
Advantages of Supply Chain Management

1) Reduced Costs

2) Increased Efficiency

3) Increased Profits

4) Increased productive Output

:SugarwareZ-191:
 
Objectives of SCM

A well designed SC is expected to support the strategic objectives of:-

1. Solving supplier’s problems and beyond his level.


2. Customer service performance improvement.


3. Reduction of pre & post production inventory.


4. Minimizing variance by means of activities like standardization, variety reduction, etc.


5. Minimum total cost of operation & procurement.


6. Product Quantity control.


7. Achieving maximum efficiency in using labour, capital & plant through the company.


8. Flexible planning and control procedures.

Hey abhi, thanks for sharing such an important information on the objectives of SCM and it is really going to help many material management students. Well, i am also sharing a document related to definition, nature and objectives of SCM.
 

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jitenmazee996

Par 100 posts (V.I.P)
diverse processes, activities, and stakeholders in the production and distribution of goods and services. Key aspects encompass:

Comprehensive Visibility: SCM offers a holistic perspective of the entire supply chain, spanning from raw material procurement to final product delivery, promoting transparency.

Optimized Inventory Control: Efficient SCM fine-tunes inventory levels, reducing the risks of excess or shortages, thereby improving overall operational efficiency.

Collaborative Approach: Successful SCM relies on seamless collaboration among suppliers, manufacturers, and distributors, ensuring a well-coordinated flow of goods.

Technology Utilization: SCM capitalizes on technology such as data analytics, IoT, and automation to provide real-time insights, accurate forecasting, and enhanced decision-making.

Risk Management: SCM strategies incorporate assessments and measures to mitigate risks, addressing disruptions and uncertainties in the supply chain.

Enhanced Customer Satisfaction: By ensuring punctual and precise deliveries, SCM contributes to heightened customer satisfaction, establishing a competitive advantage in the market.
 
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