Importance Of Supply Chain Management

898 Words4 Pages
PURPOSE With the increasing competition and focusing on the optimization of the resources in an organization, organizations are conducting the intensive research for the various operations fields to understand overcome the present constraints but to achieve the final objective. Supply chain management is one of the crucial area for an organization in which academicians and researchers are focusing their study to get into its depth. The purpose of above-mentioned study is to find out the proper definition and function of supply chain management and its relationship to logistics, marketing, production and operations management. The study tried to clear the dilemma of supply chain management as cross-disciplinary subject or a functional subject.…show more content…
Symbolic –This term is used when exchange of psychological, social and other intangible entities happens. iii. Mixed –When particular exchange involves both utilitarian and symbolic exchanges. With the more advancement in the marketing field, it involves the intangible things also, which include new spaces such as customer relationship marketing, services marketing, supply chain management. LOGISTICS MANAGEMENT Logistics management can be described as managing outbound logistics for raw material and parts, packaging facilities ,transportation, inventory management, last mile delivery, feedback communication and reverse logistics if needed in order to the satisfy the customer requirement and gaining his trust. Current Logistics research explores the managing different available systems in order to achieve effective customer service, total cost efficiency, competitive advantage and ultimately enhanced organizational performance. PRODUCTION MANAGEMENT Production management includes the planning, controlling and executing activities associated with production operations and service management related to quality manufacturing services at working site. It includes maintenance, repair activities too. OPERATIONA…show more content…
FINDINGS Based on the intense study and proper research about the respective inter-relation of the core functional areas of any business, we can conclude that the Supply Chain Management plays an important character in proving customer satisfaction. It encourages cost effectiveness along with the operational activities for delivering right quality material at correct time to meet the appropriate demand of finished products to deliver the exact quantity at the customer end. Given study used the application of quantitative method related to decision-making science requires the involvement of all functional areas for identifying the constraints related to any particular business and application of such methods to minimise it with mathematical model to achieve Organization’s objective. Supply chain management uses several sills and tools to make any decision and for the maximization of benefit for business as well as supplier and customer.
Open Document