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By,Gheethu Maria Joy

MBA FT

Opportunities , Challenges And Future

Of Supply Chain Management

Supply Chain

Management

Challenges

1. Customer Service

2. Cost Control

3. Planning and Risk Management

4. Supplier / Partner Relationship

Management

Challenges

5. Talent6. Globalization7. Globalization of Manufacturing Operations8. Safety and Quality Products9. Shorter lead time , less inventory and better throughput

Challenges

10. Access to latest Technology

11. Increased Regulatory Mandates

12. Supplier Base Consolidation

13. Too Much Product Complexity

Challenges

14. Too Much Slow – Moving and obsolete

Inventory

15. Supply Chain Consideration Not Part Of

Product Design

16. No Supply Chain Strategy

17. Ineffective Matching Of Supply With

Demand

Challenges

18. Supply Chain Visibility

19. Increasing Customer Demand

20. Poor Coordination

Opportunities

1. Players Taking The “First – Mover Advantage”

2. Emergence Of India As A Retail Sourcing Hub

3. Increasing Technology Adoption4. Online Retailing5. Forecasting

Opportunities

6. Fulfillment

7. Purchasing

8. Storage And Distribution

9. Customer Service

Opportunities

10. SCM Enterprise Applications

11. Logistics

12. PLM

Opportunities

13. Procurement

14. Supply chain operations consulting

15. Supply chain opportunities in retail

Future  1.Real-time Predictive Forecasting2. Business Intelligence3. On-Demand Service4. Pervasive Networking5. Electronic Markets

Future

6. Smarter Software

7. Next Generation Collaborative IT

Infrastructure

8. Artificial Intelligence

9. Innovations

Future

10. On-Demand supply chain:11. Banking and telecom infrastructure:12. Real-time data mining13. Customer supply chain hosting14. Supply chain optimization objects15. What if scenarios

Future 16. Customer Relationship Forecasting

17. Flexibility

18. Near shoring

19. Multi-channel sourcing

20. End-to-end visibility