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6 Important Developments in Supply Chain Management, SCM and Logistics -…
6 Important Developments in Supply Chain Management
Falling Product Prices
Quality still continues to improve
Finding more means to reduce costs, on packaging, storage, etc.
Driving down costs and encouraging innovation to offer better services
Emphasis on inventory reduction
Adoption of Just-In-Time (JIT) delivery practices
Free up captial and reduce costs
Changes in Company Structure
Becoming more specialised and outsourcing parts of their supply chain
Integrating functions and activities in a company more closely
Reduced Transport Intensity of Freight
High value freight improves load efficiency
Reduced transport cost sensitivity
Implementation of virtual products
Deregulation of Transport
Enhanced flexibility and responsiveness
Remove unnecessary barriers to competition
Productivity Improvements
Improvements in efficiency with innovation, RFID, Automation, IoT, etc.
Improved cargo loading with containerisation
SCM and Logistics
SCM vs Logistics
Supply Chain Management
Scope
Raw Materials To After-Sales Support
End-to-End Product Lifecycle
Strategy
Demand Forecasting
Procurement & Supplier Relationship Management
Production & Manufacturing
Vertical Integration Design Structure
Inventory Management
CRM
Focus
Collaboration & Integration Across Network
Strategic planning & optimization
Value Creation
Logistics
Focus
Cost/Time Efficient
Speed & Reliability in product movement
Scope
Movement Of Goods
Optimising Transportation Workflow
Package Handling
Strategy
Warehousing & Storage
Inventory Management
Order Fulfillment & Processing
Handling Of Goods
Transportation
Land
Air
Rail
Sea
Challenges
Complex Environments
Sustainability
Carbon Emissions
Labour Practices
Waste Management
Ethical Sourcing
7 "Rights"
Place
Time
Quantity
Quality
Customer
Cost
Product
Evolution of Logistics
Early Stages (Pre-1800s, Pre-Industrial Revolution)
Manual Handling Of Goods
Animal-Powered Transportation
Limited Warehousing infrastructure & Technology
Local Trade & Baterting
Sailing Ships Transportation
Challenges
Slow & Inefficient Transport
High Risk Of Damage/Lost
Limited Global Reach
Industrial Revolution (1760 - 1840)
Steam Engine & Railway Transportation
Mass Production Increased Demand For Logistics
Factories To Faciliate In Mass Production
Improved Road/Transportation Infrastructure To Facilitate Inland Transportation
Challenges
Coordiantion & Management of Complex Logistics Networks
Labor Issues & Urbunization
Post-WW2 Era (1945 - 1990)
Containerization Of Goods To Improve Speed, Security, Portability & Also To Save Space
Air Freight Enables Rapid Long-Distance Transportation
Computerization & Automation To Improve Accuracy & Efficiency
Intermodal Transportation For Complex Tasks
Emergence Of The Term "Supply Chain Management"
Challenges
Increased Competition & Cost Pressures
Growing Environmental Concern
21st Century (2000-Present)
E-Commerce & omnichannel Logistics for fast & efficient fulfillment
Data Analytics, Real-Time Decision Making Software
Green Logistics To Reduce Environmental Impact
Emphasis On The Term "Supply Chain Management"
Challenges
Managing Supply Chain Disruptions & Risks
Adapting To Rapid Technological Changes
Continous Fulfillment Of Customer Expectations