Supply chain management is the management of the flow of products and services between customer’s customers and supplier’s suppliers. The main objective of supply chain management is Estimated Reading Time: 7 mins Benefits of Supply Chain Management Improve customer satisfaction by matching his requirements Increase data integrity through limited manual intervention Improve match between Demand and Supply Consolidated and simplified channel Global end-to-end supply chain visibility Provide real-time visibility and early signals to the team members for a pro-active solving of constraints and exceptions Improve Estimated Reading Time: 8 mins Essay # 3. Objective of a Supply Chain Management: The objective of every supply chain is to maximize the overall value generated. The value a supply chain generates is the difference between what the final product is worth to the customer and the effort the supply chain Estimated Reading Time: 9 mins
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Introduction Samsung Electronics is a global leading company in the electronics industry. It applies and organizes its supply chain activities to create resilience toward highly volatile market and generate competitive advantages against its peers. There have been some significant challenges in this highly competitive company in its supply chain management. It improves the overall operations of the company It increases the levels of outsourcing It increases transportation costs The presence of Competitive pressures It increases globalization It increases the importance of e-commerce Helps simplify the complexity of supply chains It manages inventories of the company.
Objectives of the Supply chain management essay With the complexity of the role of supply chains in organizations, supply chain management essay, it is best to determine what type of strategies must be implemented to maximize the full capacity of Samsung Electronics operations and to minimize costs. The following are the main aims and objectives of this case study. Problem Choosing the right Supply Chain Strategy to address uncertainty.
Similarly, we can only achieve improvements to the sustainability performance of our products by working in cooperation with our suppliers, supply chain management essay. Our products are made of many thousands of components, each of which may contain priority chemical substances or have an impact on energy efficiency.
Eco-Partner Certification Program Samsung Electronics Eco-Partner Certification Program is a comprehensive environmental initiative to support our suppliers to reduce the environmental impact of both the materials they supply and their own manufacturing operations.
This program applies to all suppliers of core products, supply chain management essay, parts, components and raw materials including packaging materials. To become an Eco-Partner supply chain management essay company, suppliers must fulfill two main criteria: Compliance with the Samsung Electronics Standards for Control of Substances concerning Product Environment Demonstration of an adequate environmental management system. The first layer is composed of Samsung Group subsidiaries and accounts for roughly 11 percent of the value of components purchased by Samsung Electronics.
Supply chain management essay second layer is made up of transnational electronics component suppliers who have independent technical capability. The American companies Qualcomm, which has a CDMA patent, and 3Com, which has a wireless patent, are examples of companies in this layer. The third layer comprises suppliers to which Samsung Electronics outsources parts production that it could produce itself, but chooses not to for cost or production capacity reasons.
These companies principally supply small-scale LCD panels. Samsung Electronics gets these low-price LCD panels from companies such as the Taiwan-owned AU Optronics Corp AUO and Chunghwa Picture Tubes Ltd CPT. The supply chain management essay layer is composed of domestic subcontractors that supply parts that Samsung Electronics could not produce itself. The main companies in this layer include Intops LED Company Ltd, which handles both the production of mobile phone cases and the assembly of mobile phones, and Interflex Company Ltd, which produces printed circuit boards PCBs.
The final layer in the supply chain is composed of small and medium-size parts suppliers located in industrial parks, supply chain management essay. As these companies supply lowcost parts, Samsung Electronics frequently switches among them, exacerbating price competition. It also imports some parts from China. These are the companies most exploited by Samsung Electronics. Benefits of Supply Chain Management Improve customer satisfaction by matching his requirements Increase data integrity through limited manual intervention Improve match between Demand and Supply Consolidated and simplified channel Global end-to-end supply chain visibility Provide real-time visibility and early signals to the team members for a pro-active solving of constraints and exceptions Improve speed and productivity by reducing non value added workload.
Team members can focus on customer support. Analysis Limitations of Samsung Electronics Globalization that increase supply chain complexity and global sourcing Supply chain management essay competition and price pressures coupled with high market uncertainty Shortened and more complex product life cycle. Regulations changes requires companies to consider amount of carbon emission produced in the supply chain The Efficient supply chain: responsive supply chains and agile supply chains which suits to semiconductor and high-tech industries, designed not only to provide responsiveness and flexibility to meet customer needs, but also hedging the supply chain management essay of supply shortages and disruptions.
These are the Alternative Courses supply chain management essay Action to be considered to boost the supply chain performance of Samsung Supply Chain Resilience The supply chain resilience is the ability to be resilient for a system to return to its original state or move to a new and more desirable state after being disturbed, supply chain management essay. This implies the flexibility of the supply chain system.
The value-chain network strategy for companies is the integration of the acquisition of supplier or managing an extensively outsourced network of its trading partners. Both aim for value chain network strategies that allow better control of the end-to-end value chain.
This includes both upstream and downstream value chain partners, supply chain management essay, in order to gain better visibility of the whole value chain. Organization as a value chain. This Supply chain organization is no longer limited to either inbound materials management or logistic. The role of supply managers is vastly changing with better emphasis on supply market intelligence, collaboration, and operational integration with suppliers Handfield et al, supply chain management essay, Demand-driven excellence.
The adoption of demand-driven focus supply chain to influence and manage demand more efficiently. Companies are shifting from the pursuit of efficiency cost minimization in production and distribution to responsiveness, matching quantity and variety of products supplied to meet required demands.
Product life management The product life cycle of a company needs to adopt product life management PLM processes. The advantage of adopting PLM processes is to help companies in aiming common product development processes involving collaboration with suppliers and contract manufacturers. The benefits of applying Product Life Management is the increase the re-use of its parts and decrease cycle to reduce marketing time. Conclusion Thus, Samsung would be better if it would adopt both the Supply Chain Resilience and the Demand-Driven Excellence, supply chain management essay.
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Module 1: What is Supply Chain Management? (ASU-WPC-SCM) - ASU's W. P. Carey School
, time: 8:05Supply Chain Management Free Essay Sample
The structure of a Supply chain management essay is similar to many other types of essays. It usually consists of five paragraphs: an introduction, three main paragraphs, and a conclusion. Each paragraph of the main text should be on the same topic Supply chain management is one of the most significant aspects of any successful business, because it ensures that customer satisfaction is met by a company. A firm cannot survive without a proper supply chain management even if the products produced are of a very high quality. The manner in which the products are packaged, stored and delivered to the customers is a key Supply Chain Management Goal of a supply chain. According to Defining the Supply Chain, there are 5 specific goals of supply chain management. They are as follows: 1. Achieve Efficient Fulfillment – “the purpose of supply chain management is to make inventory readily
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