abhishreshthaa
Abhijeet S
SCM CHARACTERISTICS
1. Service Response:-
Service response logistics relates to the co-ordination of non-material activities to fulfill service efficiently and effectively. Physical logistics & service response logistics are mutually dependent. The service response activities must operate in systematic manner & in good co-ordination. Almost all products have services attached to them, & many services have attached products.
2. Integration of information:-
Information is the soul of supply chain management Integration. Information integration is sharing of information among supply chain members. It is exploiting the information collectively by all the people. In supply chain management, the information factor is moving to & from the top to bottom & bottom to top. From bottom it flows as data. As against from top to bottom it moves as decision taken on the basis of data received. There has to be total transparency of demand information not just between immediate business partners but across all business people.
3. Technology Assimilation:-
Technology enabled network solution is essential for sustained future prosperity. It is essential to see that the accepted technology has to be assimilated properly within the people. Supply chains should access the market through both physical channel & cyber-based channel to serve the needs of the consumer.
4. Workflow co-ordination:-
It is the efficiency of order fulfillment processes for the products in the supply chain. To achieve excellence is to adopt the logistics & supply chain model to balance the costs of holding inventories against the need to serve end consumers quickly & reliably. It is essential for companies to design the sc that balances economies of the product in terms of cost, quality, delivery &flexibility.
5. Synchronization:-
Time is important factor in supply chain management. There has to be appropriate matching of the time period at all the stages. If there is no synchronization of the time inventory level will go up at all the places. The goal of synchronization in supply chain. Integration is to develop production & delivery mechanisms & processes that can produce goods to the actual end-user rate of demand for the smallest time-period manageable.
6. The Trust :-
To get advantages of supply chain management & to achieve corporate excellence “trust” is the important factor in the chain. The trust is required in the organization & across the chain partners. The ability of cohesive integration based on trust & felicitated by systems & technology between supply chain members will become the greatest source of competitive advantage.
7. Quick Response:-
It is just like Just-In-Time or Electronic Data Interchange (EDI). It is reducing the order cycle. Many large retail shops like Big Bazaar, they have adopted the quick response principal.
There, when products are purchased the bar codes are scanned. This records the inventory reductions in the shops automatically. Immediately the retailer orders get automatically generated & electronic fed into the supplier’s computers from the retail stores.
The suppliers then supply the order to retailer immediately. This help in reducing cost & increase profit. So the “quick response system” can positively affect inventory management.
8. Efficient Consumer Response:-
Efficient Consumer Response creates link between manufacturer& retailer, to reduce cycle time Efficient Consumer Response , retailers& suppliers work closely together ; to capture point- of- sale information and then send the information back through the distribution channels when the information is reclined ,orders are automatically cut& the product is send to the grocery store. Efficient Consumer Response can reduce consumer prices substantially.
1. Service Response:-
Service response logistics relates to the co-ordination of non-material activities to fulfill service efficiently and effectively. Physical logistics & service response logistics are mutually dependent. The service response activities must operate in systematic manner & in good co-ordination. Almost all products have services attached to them, & many services have attached products.
2. Integration of information:-
Information is the soul of supply chain management Integration. Information integration is sharing of information among supply chain members. It is exploiting the information collectively by all the people. In supply chain management, the information factor is moving to & from the top to bottom & bottom to top. From bottom it flows as data. As against from top to bottom it moves as decision taken on the basis of data received. There has to be total transparency of demand information not just between immediate business partners but across all business people.
3. Technology Assimilation:-
Technology enabled network solution is essential for sustained future prosperity. It is essential to see that the accepted technology has to be assimilated properly within the people. Supply chains should access the market through both physical channel & cyber-based channel to serve the needs of the consumer.
4. Workflow co-ordination:-
It is the efficiency of order fulfillment processes for the products in the supply chain. To achieve excellence is to adopt the logistics & supply chain model to balance the costs of holding inventories against the need to serve end consumers quickly & reliably. It is essential for companies to design the sc that balances economies of the product in terms of cost, quality, delivery &flexibility.
5. Synchronization:-
Time is important factor in supply chain management. There has to be appropriate matching of the time period at all the stages. If there is no synchronization of the time inventory level will go up at all the places. The goal of synchronization in supply chain. Integration is to develop production & delivery mechanisms & processes that can produce goods to the actual end-user rate of demand for the smallest time-period manageable.
6. The Trust :-
To get advantages of supply chain management & to achieve corporate excellence “trust” is the important factor in the chain. The trust is required in the organization & across the chain partners. The ability of cohesive integration based on trust & felicitated by systems & technology between supply chain members will become the greatest source of competitive advantage.
7. Quick Response:-
It is just like Just-In-Time or Electronic Data Interchange (EDI). It is reducing the order cycle. Many large retail shops like Big Bazaar, they have adopted the quick response principal.
There, when products are purchased the bar codes are scanned. This records the inventory reductions in the shops automatically. Immediately the retailer orders get automatically generated & electronic fed into the supplier’s computers from the retail stores.
The suppliers then supply the order to retailer immediately. This help in reducing cost & increase profit. So the “quick response system” can positively affect inventory management.
8. Efficient Consumer Response:-
Efficient Consumer Response creates link between manufacturer& retailer, to reduce cycle time Efficient Consumer Response , retailers& suppliers work closely together ; to capture point- of- sale information and then send the information back through the distribution channels when the information is reclined ,orders are automatically cut& the product is send to the grocery store. Efficient Consumer Response can reduce consumer prices substantially.