Hello and assalammualaikum everyone! So here me again to share a new knowledge that related to Information System in Food Service which is supply chain management (SCM). In commerce, supply chain management, the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption. Supply chain management (SCM) is also the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible.
Besides that, retail companies become involved in supply chain management to control product quality, inventory levels, timing, and expenses. For examples, farming, refining, design, manufacturing, packaging, and transportation. Next, SCM is important because it increases competitiveness and customer satisfaction. Nowadays, SCM plays an integral part of a firm's success such as efficiently running supply chains allow firms to quickly deliver products to the end-user for a low cost. Then, there are four elements of supply chain management which are purchasing, production, inventory management, and transportation and distribution. Another important aspect of supply chain management is controlling the flow of information to make effective and efficient decisions.
In addition, there are some popular strategies to solving different challenges of supply chains which is quality customer service, and the solution is customers have different preferences and we have to always adjust to the customer’s needs. Being able to provide customers unique solutions make a difference entirely. Companies that actually excel in this field are the ones that make an effort to learn and invest in new technologies. Next, costing also one of popular strategies and the best solution to this issue would be improving your cost control by executing your plans efficiently through constant monitoring.
Other than that, risk management is due to the constant change in the market, coming from a variety of sources such as consumer demands, political agendas and global sourcing, would cause major issues to the operations. The solutions are always be prepared with a risk management plan, on how your company will be able to overcome disruptions during the course of operations. By hiring a logistics software development company you would be able to manage these issues effectively with less effort on your end. After all, logistics management is vital to the entire operation.
So, that is a little bit of knowledge about supply chain management and I hope you guys are enjoy reading it. Nevertheless, you guys may read more at the link below as reference. Hope it helps! Thank you 🧡
Read more at: https://yourstory.com/mystory/7-main-challenges-in-supply-chain-management-and-h-rdq2oy6mh9
No comments:
Post a Comment