Scope of supply chain management, Finance Basics

Assignment Help:

The scope of supply chain management 

Supply chain management includes the determination of suppliers; distributors, distribution channels and warehousing; manufacturing information and manufacturing schedules; capacity requirements and means of order fulfilment; means of finance; means of information handling; credit and cash transfers; methods of accounts payable and receivable; forecasting methods; means of managing customer information. Often there are misconceptions about supply chain management and it is confused with logistics. Logistics concerns the physical material flow in supply chain processes. The purpose of SCM is to integrate all tasks associated with the bi-directional flow of materials, information and finance into organised, coherent, managed processes in order to provide end-to-end management and control. 

The processes discussed in this section include: 

  • Procurement
  • Inventory management
  • Evaluation of suppliers or vendors
  • Logistics management
  • Materials management
  • Just-in-time scheduling
  • Information systems integration: mrp to erp
  • Evolution of the supply chain

Related Discussions:- Scope of supply chain management

How capital budgeting decisions affect a company’s value, Give an example o...

Give an example of how capital budgeting decisions affect a company's value, strategy or operations. Companies always tend to look for capex projects which will add value to

Finance, Spot transaction hedge/Money market hedge There are three parts t...

Spot transaction hedge/Money market hedge There are three parts to this question. Please answer all parts. The Chicken Company, a company with headquarters in Switzerland, has a r

Calculate the incremental net present value, The following NPV's have been ...

The following NPV's have been calculated to determine if a compressor installation should be accelerated from Year 3 to Year 7. The compressor cost is $1,500,000.   a. C

Example of npv method, Example of NPV Method Resolution limited inte...

Example of NPV Method Resolution limited intends to purchase a machine worth Shs.1, 500,000 that will have a residue value Shs.200,000 after 5 years helpful life. The saving

Investment analysis, Ask questConsider an 8% coupon bond selling for $953.1...

Ask questConsider an 8% coupon bond selling for $953.10 with 3 years until maturity making annual coupon payments. The interest rates in the next 3 years will be, with certainty, r

Return on equity, Maghrabi Enclosure follows a moderate current asset inves...

Maghrabi Enclosure follows a moderate current asset investment policy, but it is considering whether to shift to a different strategy. The firm''s annual sales are $500,000; its f

Define new issue market, Define New Issue Market New Issue Market OR P...

Define New Issue Market New Issue Market OR Primary Market New issue market is the segment in which new issues are made.

Cash deficit and cash surplus, What is cash deficit?And what is cash surplu...

What is cash deficit?And what is cash surplus?Describe each of them in detail.

Profit maximization - objectives of business entity, Profit maximization - ...

Profit maximization - Objectives of Business Entity Conventionally, this was considered to be the main goal of the firm. Profit maximization refers to getting the highest poss

Bonferronis approach, We have 10.000 genes and 4.000 of them are annotated ...

We have 10.000 genes and 4.000 of them are annotated for a certain attribute of interest. a. If we have a single set of 10 genes, how many of them should be annotated to be cons

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd