Supply chain management (SCM) is the management of the flow of goods. It includes the movement and storage of‚ work-in-process inventory‚ and finished goods from point of origin to point of consumption. Interconnected or interlinked networks‚ channels and node businesses are involved in the provision of products and services required by end customers in a supply chain.[2] Supply chain management has been defined as the "design‚ planning‚ execution‚ control‚ and monitoring of supply chain activities
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pROF. aBHAY kUMAR MPSTME‚ NMIMS University | MUMBAI MPSTME‚ NMIMS University | MUMBAI Mixing two independent technologies: Integration of ERP Systems with RFID for Indian Manufacturers Mixing two independent technologies: Integration of ERP Systems with RFID for Indian Manufacturers Mixing two independent technologies: Integration of ERP Systems with RFID for Indian Manufacturers Research Paper Presented to MPSTME‚ NMIMS In Partial Fulfillment of the Requirement for the
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A Report On Castrol India Ltd.‚ Mumbai Assignment: Supply Chain Executive Summary Castrol India LTD. Castrol India Limited is a Public Limited Company with 70.92% of the equity held by Castrol Limited UK (part of BP Group).From a minor oil company‚ with a share of about 6% in 1991‚ Castrol India has grown to become the second largest lubricant company in India with a market share of around
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1.1 Introduction Supply chain management‚ is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development‚ sourcing‚ production‚ and logistics‚ as well as the information systems needed to coordinate these activities. Figure 1
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How green supply chains will affect and drive the design of next generation logistics and supply chains? Due to the deterioration of global environment‚ increasing concerns of the overall condition of the natural environment have brought the attention on environmental conservation. As Purchasing Magazine (Atkinson‚ 2002) reported that “the most significant factor affecting supply‚ demand‚ pricing‚ and availability of solvents is the environmental issue”. As a result‚ for manufacturers‚ there is
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LINKS Supply Chain Management Fundamentals Simulation Revised July 2010 Randall G. Chapman‚ PhD 2 LINKS Supply Chain Management Fundamentals Simulation Table of Contents Chapters 1/2: Introduction and Perspective ................................................................. 3 Chapter 3: Product Development Decisions................................................................. 7 Chapter 4: Procurement Decisions ...............................................................
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The Legal Aspects 8 The International Trade Environment 8 The competitive advantage of InnoBus 9 The logistic process at InnoBus 9 The Process 9 Time-to-market 10 Planning and Master Production Schedule 11 The position of InnoBus in the supply chain 11 Current problems and risks of InnoBus 14 Global Description 14 Financial Position and Possible Bankruptcy 14 Drop in Market Demand 14 Conservatism with possible Customers 14 Fierce Competition 15 Logistics and Time-to-market 15 Sources
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seasonal e. departmental‚ organizational‚ and territorial Which of the following is not a step in the forecasting process? a. determine the use of the forecast b. eliminate any assumptions c. determine the time horizon d. select a forecasting model(s) e. validate and implement the results 2. 3. 4. 5. 6. 7. 1 8. The two general approaches to forecasting are a. qualitative and quantitative b. mathematical and statistical c. judgmental and qualitative d. historical and associative
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Abstracts The supply chain has been traditionally defined as one way process of integrated manufacturing wherein‚ raw material are converted in final products‚ and then delivered to customers. The most common method opted for goods transport is from its raw material state from supplier to finish product to consumer. To elaborate: the follow pattern is from raw material from supplier to manufacture‚ finished goods compilation within the manufacturing premises‚ then finish goods to consumer through
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for examination 1. Which of the following statements is correct? A. Recent trends such as lean manufacturing and offshoring decrease the level of risk in the supply chain. B. Accurate forecasting techniques solve most supply chain problems. C. Many retailers observe that inventory levels fluctuate considerably across a supply chain. D. In general‚ the total inventory costs are higher than the total transportation costs in the overall logistics costs for a country. 2. There can be many reasons
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