way would be to perform logistics activities in a connected supply chain. To avoid costs of inefficient supply chain arrangements, the company has to create informational and operational processes necessary to carry out orders, receipts, payments and shipments. The system in place in relation to logistics should keep records and be able to meet the demands of a constantly changing business environment. Through this integration of supply chain with logistics goods and services of the company are able
CHAPTER TWO LITERATURE REVIEW 2.1 Introduction This literature review seeks to give an overview of various studies and theories and principles in the field of green supply chain management. The chapter looks into manufacturing industries in general. Further the chapter explores green supply chain management. It will also put into context the Ghanaian situation regarding the status of oil nut company waste. 2.2 Manufacturing Industries Industrialisation is the development of a modern manufacturing
addressing past discriminatory policies and practices. The management of public procurement in South
Supply chain excellence in a company plays a real impact on the business strategies and objectives of a company. Supply chain management can also be identified as an important mission who has a high impact on the company which goes to the roots of a company’s competitiveness, where the decisions and the missions aligned with this may affect the company’s sustainability both in the long haul and short haul. Moreover, Supply chain management performances in an organization may have a significant impact
theory (DT) concepts in sustainable supply chain management (SSCM), that how decision theory is playing a vital role to sustain the supply chain management. This research was conducted to seek the answer of the specific question that “How decision-making is involved in academic research on sustainable supply chain management?” SUMMARY This article “Decision theory in sustainable supply chain management” has been taking from the Journal – Supply Chain Management: An International Journal Volume 19
A supply chain is defined as each organisation is engaged to deliver goods and services to a set of chosen customers . A supply chain is a structure consisting facilities , functions and activities that involve the processing of delivery services or production of services . Suppliers have to deliver the final goods to customers . Function and activities perform by supply chain are forecasting , purchasing , production , distribution method , delivery within time , effective customer services , proper
Inventory exists in the supply chain because of a mismatch between supply and demand. Inventory is the major source of cost in the supply chain. The figure given below shows how the effective inventory management is work. This figure shows that there must be some inventory level we must manage for efficiently fulfill the demand of customers and we must out the inventory in time so that we are able to send the stock in stores in time and the damage stock is also out from the WH so that we maintain
basic concepts of logistics and supply chain management Instructional Objectives After completing this chapter, you should be able to: • Define supply chain • State the objectives of supply chain management • Describe the importance of supply chain management • Elaborate the cycle view of the supply chain processes • Illustrate the push-pull view of the supply chain processes Learning Outcomes At the end of this chapter, you are expected to: • State supply chain • Describe the objectives of
Supply Chain Management Q1) In today’s business environment, no enterprise can expect to build a successful product, process, or service advantage without affiliating their strategies with those of the supply chain system in which they are heavily linked. The literature examined for the purpose of this essay identifies the many different definitions of Supply Chain Management and the overall effectiveness of supply chain management to a business in the twenty first century. This essay also highlights
taxes, insurance, security, and storage and to avoid paying the opportunity cost of unavailable working capital. The overall objective of inventory management is thus to achieve satisfactory levels of customer service while keeping inventory costs within reasonable bounds (Stevenson, 2007). It is therefore quite evident that effective inventory management can make a significant contribution towards a company’s profit as well as increase its return on its total