challenges and opportunities of scm
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8/2/2019 Challenges and Opportunities of SCM
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Challenges And Opportunities Of SCM
By: Andrea Ponsek MBA(TT)
Roll No:4
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What is SCM?
Supply chain management (SCM) is the management
of a network of interconnected businesses involvedin the ultimate provision of product andservice packages required by end customers.
(Harland, 1996)
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SUPPLY CHAIN CHALLENGES
• Growth in contract manufacturing.• Shifting global manufacturing.
• Unpredictable global demand.
• Supply chain instability.
• Increasing customer requirements.
• Many new SCM technologies like RFID are inthe nascent stage and for them ROI is not yetidentified.
• JIT inventory- cant afford to have errors orsupply chain disruption that will causemanufacturing to halt.
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• Short product lifecycles-one has toconstantly set up new supply chains. Eachproduct has its own supply chain; the morefinished product and inventory are lyingdead in your supply chain the faster youwill get obsolete.
• Faster order cycle time-less margin forerror or delay in the supply chains.
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Supply chain opportunities
IT
SCMS RFIDE-
Choupal
ERP
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Enterprise Resource Planning
• ERP is the battering ram that integrates all thatinformation together in a single application, andSCM application benefit from having a single
major source to go to for up-to-date information.• ERP systems assist enterprises in automating
and integrating corporate cross functions.
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SUPPLY CHAIN MANAGEMENT
SOFTWARE
• Supply chain management software(SCMS) is a business term which
refers to a range of software tools ormodules used in executing supplychain transactions, managingsupplier relationships and controlling
associated business processes.
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Features Of SCMS
• Customer requirement processing
• · Purchase order processing
• · Inventory management
• · Goods receipt and warehousemanagement
• · Supplier management/sourcing
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RADIO FREQUENCY IDENTIFICATION
• RFID tags are essentially barcodes onsteroids.
• RFID tags can tell where the product is,where it has been, when it expires, whatever information someone wishes toprogramme with it.
• It will be able to produce piles ofinformation about when and wheremerchandise is manufactured, picked,packed and shipped.
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• Its is also be able to tell retailers about theexpiration dates of their perishable items-numbers that will have to be stored,transmitted in real-time and shared withwarehouse management, inventorymanagement, financial and otherenterprise systems.
• Another benefit of RFID is that, unlikebarcodes, RFID tags can be readautomatically by electronic readers.
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E-Choupal
• E-Choupal links the Indian farmer withconsumers in local and global markets, by
• leveraging ITC’s time-tested and provencompetencies in marketing and distribution.
• In the process many overheads likemultiple transportation and handling,bagging etc are erased.
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E-Financial SCM• Cross border transactions, decreasing cost
of technology, speed of transaction and a24 hour 365 day facility has lead todevelopment of e-financial supply chain.
• Proper financial supply chain managementusing e-payment mechanism can reducethe cost of working capital and improve
supplier relationship management byproviding speedy payment.
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SCM in Pharmaceuticalindustry
• Pharmaceutical companies have a longoutsourced function such as manufacturing,packaging, clinical trials and sales forcemobilization.
• Benefits of outsourcing:
• Outsourcing reduces the overall cost by 30to 35 percent
• Reduces problems faced during theregulatory process
• Improve manufacturing efficiencies• Improve net earnings and cash flow
• Fast and cheaper to have discovery workoutsourced as it reduces the drug
development cost.
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Thank you !