supply chain management:... an introduction

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Supply Chain Strategy : 

Supply Chain Strategy By TEMIDAYO AKENROYE (PGD, M.Sc, MCIPS, MILT) An Integrated Approach Date: 16th Oct, 2008

Temidayo Akenroye : 

Temidayo Akenroye Training/Consulting - Envirofly consulting(Procurment, supply chain & CSR , sustainable procurement, Delivering CIPS courses and deployment of supply chain excellence programme) Industry (Manufacturing & Building ) - Air handlers Northern & Great Hopewell( Value added procurement & logistics process, EMS ISO 14:1000 project, Suppliers relationship Initiative, Inventory control and Continuous improvement programmes) Financial Service Sector - JIL Insurance ( Cost savings realisation in purchasing function and Contract management.

Introduction : 

By the end of today you should be able to: Understand supply chain and its importance on businesses Make the distinction between Supply chain management and Logistics Understand how supply chain strategy could drive competitive advantage Introduction

Supply Chain Management : 

Supply chain - “A network of organizations connected in their processes and activities, with the ultimate goal of delivering value to the final customer.” (Christopher, 2005 p57.) Supply chain management - “Planning, organizing, and coordinating material and information flow in a supply chain to provide the highest degree of customer satisfaction at the lowest possible cost” (Lee, 2000 p6) The management of the entire set of business processes including Operations, Logistics, Procurement, Branding and Marketing to delivers products/service to the final customer The purpose of supply chain management is in fact integration and ultimately supporting the brand in the market place (Lee, 2000) Supply Chain Management 1. Lee, (2000) Creating value through supply chain integration. Supply Chain Management Review. v4 i4. 30-36. 2. Christopher M (2005) Logistics and supply chain management: creating value-adding networks. 3rd edn, FT Prentice Hall.

Logistics - Is that part of supply chain process that plans, implements and control the effective, efficient flows of information and materials from the point of view of origin to the point of consumption in order to meet customer requirements (CLM, 2004) Logistics is a subset of supply chain management. : 

Logistics - Is that part of supply chain process that plans, implements and control the effective, efficient flows of information and materials from the point of view of origin to the point of consumption in order to meet customer requirements (CLM, 2004) Logistics is a subset of supply chain management. Logistics Council of Logistics Management, 2004 at www.clm1.org

Slide 6: 

Supply Chain Strategy Supply chain strategy - It defines how the supply chain should operate in order to compete by driving down operational costs and maximizing efficiencies. Why is Supply chain strategy Important? - Balancing of the relevant "trade offs" i.e. transportation & inventory, customer service levels & stock levels etc. - Coping with global market uncertainties and crisis - The current financial crisis - Global warming - Chinese milk crisis - Terrorism- September 11 (2001)

Slide 7: 

Conclusion Organisations are strengthening their competitive advantage to becoming world class. “You cannot become world class by yourself”- (SCM is important). Today, competition takes place between supply chains, not individual firms. Supply chains have moved from a cost focus to a customer focus and now strategic focus. A great supply chain strategy, coupled with operational excellence, can provide success for an organisation, its customers and partners.

Slide 8: 

Christopher M (2005) Logistics and supply chain management: creating value-adding networks. 3rd edn, FT Prentice Hall. The Relationship-driven Supply Chain: Creating a Culture of Collaboration Throughout the Chain (Hardcover) by Stuart Emmett & Barry Crocker. Supply Chain Management: Strategy, Planning and Operations (Hardcover) by Sunil Chopra & Peter Meindl. Alan Rushton, John Oxley, Phil Croucher (2002), The Handbook of Logistics and Distribution Management, 2nd edition, Kogan Page Limited. Lee Krajewski, Larry Ritzman, (2002), Operations Management, Strategy and Analysis, 6th Edition, Prentice Hall, New York Suggested Readings

Slide 9: 

Questions Thank you ?

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