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By Ashish Tagade
Concept of SCM
Those activities associates with moving goods from the raw materials stage though to the end user. It not only includes the manufacturer and suppliers but also transport, warehouse, retailers and customer also. These all activities are monitor by the information system.
Cycle I
Supplier
Manufacturer
Customer
Distributor
Raw Materials
Finished Goods Information Flow
Information Flows
Financial Flows
Accuracy in forecast
Evolution Of Scm
Conventional Approach
Procurement (Material) Manufacturing (Capacity) Sales & Distribution (Demand) C U S T O M E R Optimize to Mfg objectives Optimize to Logistics obj Optimize to Sales & Mktg obj
Modern Approach
Just In Time (JIT) Inventory Management Model
Total Quality Management (TQM) Model Efficient Consumer Response (Ecr) Working Group.
Innovation in SCM
Vendor managed inventory
Collaborative planning replenishment. forecasting and
Cross docking
Retail Logistics
Retail logistics is the organized process of managing the flow of merchandise from the source of supply to customer. The main objective of logistics management is to reduce the inventory holding cost and improve profits