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MGT1000 Logistics And Supply Chain Management

tag 0 Download11 Pages / 2,669 Words
  • Course Code: MGT1000
  • University: The University Of Sydney

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Australia

Question:

In 2007 the journal Supply. Chain Management Review republished its most requested article in the preceding 10 years since the journal's first edition appeared in 1997. That article, 'The SeVen Principles of Supply Chain Management's outlined seven key actions for successful SCSI:
  1. Segment customers based on the service needs of distinct groups and adapt the supply chain to serve these segments profitably.
  2. 2. CtiSlOrnise the logistics network to the service requirements and profitability of customer segments.
  3. 3. Listen to market signals and align demand planning accordingly across the supply chain, ensuring consistent forecasts and optimal resource allocation.
  4. 4. Differentiate product closer to the customer arrd speed conversion across the supply chain.
  5. 5. Manage sources of supply strategically to reduce the total cost of owning materials and • services.
  6. 6. Develop a supply chain wide technology strategy that supports multiple levels of dedsion making and gives aclear view of the r.)%f of products, services and inforrna!ion.
  7. 7. Adopt channel.spanning performance measures to gauge collective success in reaching • the end-user effectively and efficiently. 
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