Importance of Supply Chain Optimization

Topics: Supply chain management, Management, Supply chain Pages: 8 (2209 words) Published: March 7, 2015
Importance of Supply Chain
Optimization
Simplifying the supply chain

6/28/2010
ICT 353 : Advanced Business Analysis & Design
Pyisoe Yarzar

Importance of Supply Chain Optimization

Table of Contents
What is Supply Chain? .......................................................................................................................... 2 What is Supply Chain Optimization?................................................................................................... 2 Background............................................................................................................................................ 2 Importance of Optimization ................................................................................................................. 2 Problems with Supply Chain ................................................................................................................ 3 Complexity ......................................................................................................................................... 3 Information........................................................................................................................................ 3 Need of Optimization ........................................................................................................................... 3 Important Factors ................................................................................................................................. 4 Success and Failure ............................................................................................................................... 5 The Real Winner................................................................................................................................ 5 Unstoppable....................................................................................................................................... 5 Conclusion ............................................................................................................................................. 6 References.............................................................................................................................................. 6

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ICT 353 : Advanced Business Analysis & Design |

Importance of Supply Chain Optimization

Importance of Supply Chain Optimization
What is Supply Chain?
A system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer.

What is Supply Chain Optimization?
The application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain.

Background
Business Process Management is about managing the Business on its daily operation. There are a great number of factors controlling the business’ success or failure. Among the factors, Supply Chain is one of the most important factors that will determine the success or failure of the process business.

What is Supply Chain again?
In simple terms, Supply chain is the flow of goods from raw to manufacturing to consumers. The world is big. But people are making it as a village by connecting every parts. They create flows of goods by trading, manufacturing or retailing. This is the concept of a supply chain. Meanwhile, they seek better products and seek better cost saving for the same product. For better cost-saving or better customer experience, they are optimizing they flow of goods. And this will be the concept of Supply Chain Optimization.

Importance of Optimization
Why is it so important? The world economic is all about flowing of goods; even a very simple store has a supply chain. When the supply chain was simple, it was easy to manage but once it becomes big and complex, it becomes more complicated and difficult to manage. In such times, it is fatal that the company manages the supply chain...

References: IBS Centre for Management Research (2007). Dell 's supply chain management practices.
Dell 's supply chain management. (2009). Retrieved from
http://ivythesis.typepad.com/term_paper_topics/2009/12/dells-supply-chainmanagement.html
Standford Gradurate School of Business, (2007). Esquel : transforming into a vertically integrated,
service-oriented apparel manufacturer
TIBCO Software Inc. (2007). Optimizing the supply chain ecosystem. Retrieved from
http://www.tibco.com/multimedia/wp-optimizing-the-supply-chain-ecosystem_tcm82461.pdf
Ross, A. (2005). The Challenges of supply chain management. Retrieved from
http://www.supplychain.com/docs/challenges_of_supply_chain_management.pdf
Teigen, R. (1997). Supply chain management. Retrieved from
http://www.eil.utoronto.ca/profiles/rune/node5.html
Lewin, S. (2003). Supply chain decision-making. Retrieved from
http://www.sourcetrix.com/docs/Whitepaper-SC_decision_making.pdf
Ellis S. & KnickleK. & Manenti P. (2009). The modern supply chain : inventory optimization
competitive assessment
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