Role of supply chain management in business

by

20 December 2019

Business

supply chain management

In recent times, supply chain management (SCM) has had a huge impact on global business. The presence of an efficient SCM system can directly improve customer service, benefiting the producers and distributors simultaneously. This article talks about the operations that supply chain management encompasses and the advantages that it comes along with.

Supply chain management ꟷ definition

Supply Chain Management (SCM) is an important part of every business organization, no matter the size. It refers to the effective management of stock chain activities to maximize customer benefit and gain a sustainable competitive benefit in the international marketplace. In addition to this, SCM also deals with the movement and storing of materials needed to create the final product, inventory management and keeping track of finished goods.

Another important aspect of SCM is the strategic alignment of end-to-end business processes to determine market and economic value. Keeping a good supply chain management system in place can drastically improve the efficiency of plants, warehouses, and transportation vehicles. In brief, SCM plays a crucial role in the final standing point of a company.

The importance of employing supply chain management to business

supply chain management

Supply chain management has turned out to be an essential part of a business and is crucial to every company’s progress and customer comfort. This is because SCM has the power to increase customer service and reduce operating costs. It also improves the financial position of a company. The following pointers explain how supply chain management helps a business to execute all of this:

  • Meeting customer expectations to deliver the correct product mix and quantity to be delivered on time, in the right location;
  • Providing efficient follow-up support right after a sale is made;
  • Decreasing the purchasing and production cost, for example, quick distributions of costly products and raw materials;
  • Setting up a proficient SCM system to design a network that meets customer service goals on behalf of wholesale manufacturers and retailer suppliers;
  • Assisting businesses to control and decrease supply chain expenditures, thereby increasing profit leverage;
  • Reducing the use of large fixed assets such as plants, warehouses and transportation vehicles, which can essentially diminishing cost;
  • Enhancing cash flow by contributing to the speed of product flows to customers.

The structure of an SCM degree curriculum puts emphasis on leveraging the effects of the operations, as well as the effects of supply chain management on business performance and its objectives. Choose to obtain knowledge with Diploma in Supply Chain Management today and gain a fundamental understanding of company SCM from a global perspective.

Read Also:

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

office space

Necessary Spaces to Include in Building Your Office

Building your office space can be a tricky project if you’re starting. Moving to a business district means that you’ll be near other companies. You need to develop your image while at the same time making sure that you’re on par with how your neighbours present themselves. Taking a close look at their office spaces can give you a good idea of how to layout a workspace. What they emphasise and develop are necessities when it comes to having an office. Reception area: Keeping a reception area is not just for face value. The first impression is lasting after all, and the same thing can be said when it comes to businesses. A reception area would enable you to have a consistent log of your workers, guests, and clients. The essentials for your reception area are soft chairs, preferably a long sofa, and a coffee table with magazines with subjects of interest to your industry or essential items such as calling cards ready for onlookers to take. Conference room: A conference room is a necessity, especially if you’ll be dealing with business partners. With technological advancements making interconnectivity more accessible, it’s no longer an uncommon event to have a meeting in a conference room with multiple business shareholders.  Working in a collaborative setup means that it won’t just be enough for you to represent yourself as the face of the company, you would also need to give your staff the chance to pitch in and give their opinions on business operations. Along with a conference table and seats, having a projector screen or a TV display stand to hold a mobile television screen can be a simple and practical solution in creating a conference room. Work area: Your work area depends on your brand as a company. Sometimes the most optimal workspaces are quiet to allow your staff to concentrate on dealing with clients through the phone if necessary. Other work practices involve allowing your employees to listen to music that they are into to improve their performance. Whichever the case, the ambience that you want to establish in a workspace should provide them with a personal space to have as their own. Having an area to themselves can be quickly done through panels built as cubicles so that they can concentrate on individual tasks. An alternative is having shared desks between staff members so that it’s easier for them to ask questions and give opinions on their assignments. Lounge area:         Though your workspace needs a business-vibe to be efficient, you also need to give them avenues to relax. A kitchen area for eating pre-made snacks or a shared fridge where they can keep their drinks is a great way to make them feel at home even when in the workplace. A lounge doesn’t need to be too fancy, a couple of sofas and a TV could work well. Giving your workers a chance to sit down and chat about work without working at their stations can help build individual motivation and company camaraderie. Read Also: Choosing Open Office Space Vs Cubicle Office Space Office Spaces – Which One Is Right For Your Business?

READ MOREDetails
Lifting Gantry

Choosing The Best Lifting Gantry For Your Factory Needs

If you are working in a factory or the construction business, having the proper equipment is key to the efficiency of the business and the safety of your employees. Not only will having the right lifting equipment help you with the speed of your daily tasks, but it will help keep yourself and your workers safe. Just think about it - if you are taking your workers lifting heavy objects repeatedly, there is a higher chance of injury to their muscles, repetitive joint injuries, accident possibilities, and physical stress. Not to mention, some loads are just too heavy for workers to carry and lift off of the ground - if you find that you are having trouble completing your daily tasks in a factory due to the inability to lift heavy items, then you might find it beneficial to use a lifting gantry. But how can you choose the best lifting gantry for factories? What is the best lifting gantry to lift heavy objects from your factory? By understanding the different types of lifting gantries, how you can choose the best one, and the different characteristics of lifting gantries, you can choose the top option for your factory. Let's see more information about what a lifting gantry is, why you need one, and how to choose! Need help with your factory? Use a lifting gantry to lift heavy objects! If you are new to the factory or construction world, then finding out how to choose the best lifting gantry is key to being able to safely and effectively complete your daily factory tasks. Portable lifting gantry (adjustable) - If you need to move the lifting gantry between various spots in your factory, using an adjustable lifting gantry is an absolute must! If you are using your portable lifting gantry in a workshop, factory, or business and you frequently need to lift heavy objects in multiple places, then using the adjustable lifting gantry is a must. Use the adjustable lifting gantry to change the height so you can accommodate various shapes and weights of objects! Adjustable lifting gantry with a thicker beam - If you are looking to lift heavier objects and need a less portable lifting gantry, using one that has a thicker middle beam is a must to lift weights that are between 120kg and 175kg. Using the stronger aluminum lifting gantry is the best way that you can avoid using multiple workers in your business to lift excessively heavy objects. External trolley - Another way that you can choose the lifting gantry for your needs is to be able to accessorize and customize the gantry. For some factories, you might need to use an external trolley to work in tandem with your aluminum lifting gantry to add extra versatility, movability, and transportability. Parking jacks - Another accessory that you can use with your lifting gantry is parking jacks - these stabilizers are ideal for helping keep your loads steady and avoid any mishaps. Bigger gantry cranes Another option you can consider using for your factory is a bigger gantry crane. Although these are typically used in a shipyard and outdoor spaces, if you have a big factory you can use the oversized gantry cranes to lift heavy and unwieldy objects, like big shipping containers and multi-ton objects. Full gantry crane - If you need to use a gantry crane to lift extremely heavy objects, consider using a full gantry crane to lift ships, big pieces of equipment, and heavy objects that cannot be moved with portable lifting gantries. Some of the biggest gantry cranes are as long as 140 meters! Rubber tired gantry crane - Smaller gantry cranes are another option for smaller factories that still need to lift heavy objects in outdoor spaces, such as containers and big pieces of equipment. Typically, you'll find that small rubber tire gantry cranes are straddle cranes that can effectively lift containers with ease. Portable gantry crane - As we mentioned before, portable gantry cranes are usually the best idea for those who are running factories. These portable gantry cranes are used to move small items that are usually less than 10 tons in weight. Used frequently in the construction and machinery businesses, you will find that using a portable gantry crane is the best way that you can lift heavy objects with the added versatility of being portable and customizable Benefits of lifting gantry So why should you use a lifting gantry crane for your business? There are many reasons why it will help your effectiveness, flexibility, and safety in the workplace. Mobility - Lifting gantries are more movable and contain more flexibility than other options. Instead of being stuck in one place where you cannot move the loads, or being tied down in one location, the flexible moving gantry lets you wheel the apparatus around your factory. This way, you can lift various objects between locations without having to worry about the safety of your workers or other equipment Capacity - The majority of mobile lifting gantries are very sturdy and durable. Typically, you will find that the lifting gantry options that are used for factories can lift up to 5 tons with ease. If you need stronger lifting gantries for your factory, consider using a full gantry crane for your outdoor spaces. Custom height and accessories - The last reason that you should consider using a lifting gantry for your factory is that you can customize the height of the gantry to work with various shapes of boats that you are lifting. Not to mention, you can add accessories to make your lifting gantry more versatile, easier to maneuver, and more stable. Conclusion Are you working in the faucet or construction industry? If so, using a construction lifting gantry crane is ideal to be able to lift heavy loads, keep your workers safe, and increase the flexibility of your workplace. By having portable lifting gantries, you can lift heavy objects between locations in your factory without worrying about the safety and health of your employees - not to mention, you will increase the efficiency and productivity of your workplace! Read Also: How To Operate A High Lift Jack Safely And Effectively All You Must Know About Construction Business Management Software 5 Ways Construction Businesses Can Gain New Clients Having Business in Foreigner Country, Advantages and Disadvantages Commercial Construction After COVID-19: How Developers Can Adapt

READ MOREDetails
Hospitality Business

Digital Marketing: Utilize Facebook to Support Your Hospitality Business

When it comes to marketing your business in the digital world, you just cannot overlook the role of Facebook in connecting you with your targeted audience. By learning to use Facebook correctly, you can help your hospitality business go places. Many people are of the view that Facebook may not be a good addition to your digital marketing strategy when you want to promote your hotel or hospitality business, but that is not true. A study has found that there has been a 41.1% increase in the number of Facebook users between the ages of 35 years and 54 years. The same study noticed an increase of up to 32.6% in the number of Facebook users who are between 24 and 34 years of age. Both of these age groups are more likely to travel and pick your hotel if you could connect with them through Facebook. Now, it is important to mention that if you do not know how to use Facebook for sales and hotel marketing, you will be better off working with an experienced digital marketing company. However, if you have time and think you can take care of the campaign, you should pay attention to the following points which have been provided by Internet Marketing firm Web20ranker : Be Sure to Optimize Your Facebook Presence : Do not think that you will automatically get likes and new friends just because you have set up a Facebook page for your business. It is important to optimize your presence first. This way, people are more likely to find you and then connect with you. For this, you should add categories to your page to make your business type clear and then give local information along with sharing a good description of everything. Do not forget to upload exciting images of your location and hotel to grab people's attention. Your 'About Us' page should also share valuable and accurate information. It also makes sense to add keywords to your Facebook pages, just like you optimize your website for your primary keywords. Taking this step would prepare your page for the graph search, which is a semantic search engine. Take an Initiative to Engage Your Fans : You should do your research to identify your target audience. Your first target should be people who may have already visited your property and stayed there for a while. Their posts will serve as a "social proof" for your prospective guests. To get good results, start investing in those people when they are in your hotel. Give them some incentive to like your page – an incentive could be as little as free internet access for a limited time. Understand that your hotel business benefits from Facebook only when you encourage your guests and visitors to share their experience and valuable content. Similarly, you should share photos of local attractions and upload pictures of food to attract people. Promotional posts do not have high engagement rates, but you can still throw some offers once in a while to get good results. Take Advantage of Paid Advertising Options : Getting good exposure through 'free' ways of optimizing your Facebook page is a challenging task, especially after new algorithmic changes that keep news fees from being populated with brand messages. The good thing is that you can use paid advertising options to enhance the visibility of your posts and boost engagement. When done correctly, it also helps expand your fan base. Through paid advertising, you can use options to find guests on Facebook using their email IDs that you may have collected when they were staying in your hotel. Once you have located those people, you can target them using Facebook ads. Certain paid features also allow you to gain access to friends of fans, which will help broaden your fan base. Utilize Facebook as a Sales Channel : While people do not primarily use Facebook to plan trips, it still serves as an important marketing and sales channel. People can utilize Graph Search, Nearby Places, and Reviews to make up their minds about selecting your property on their next trip. However, to make it produce the desired results, you should also measure performance regularly. The number of likes certainly tells you something about the popularity of your business, but comments are even more important. Your star rating will also play a role here. If after making every effort, things are not getting better. You may need to work with a digital marketing company to maintain a well-managed presence on Facebook. Be sure to do your research to let the most experienced marketing company take charge of your Facebook marketing campaign! Read Also : 5 Steps On How To Market Your Business Using Social Media Using Social Media To Promote Start-Up Businesses Social Media Marketing Role In Technology

READ MOREDetails