SUPPLY CHAIN MANAGEMENT

Supply Chain is an integrated approach to managing costs across all functions performed in the organization. It envisages full understanding, cooperation and a sense of partnership among all stakeholders involved in the product or service for the customer.

BENEFITS

• Cost of products - reduced.
  
• Quality and delivery -improved.
  
• Asset base - reduced
  
• Achieve significant increase in outsourcing non core competency operations.
  
• Reduce new product lead time
  
• Reduce manufacturing locations/
  
• Core competencies of supply base well assessed.
  
• Cross functional teams fully utilized.
  
• Strategic vs. tactical decision-making is differentiated.
  
• Transparency in value and costs.

Further benefits. (At a mature stage)

• Globalization benefits in business decision making.
  
• Leverage of prices, on global scale operation.
  
• Measurement of performance with best in class organizations.
  
• Prepare organization towards activity based cost