Group 6: Supple Chain Management by Maryam Ahmad https://padlet.com/maryahmad007/55q8bakgow6tpy8v What did you understand about the importance of SCM in a business? en-us 2022-02-15 16:47:17 UTC 2022-02-16 01:12:12 UTC hello@padlet.com maryahmad007 https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049040239 1. Group Names and IDs
  •  Durraini Zafirah Bt Amir (20000602)
  • Izzatul Ilyana Bt Nasir (20000682)
  • Nurulummie Umierah Bt Sabri (20000484)
  • Mariesa Ariena Bt Muhammad Hatta (20000923)
2. What is SCM? - Definition, example
3. Why SCM is important in a business?
4. Types.
5. Benefits/Usefulness of SCM in a company
]]> 2022-02-15 16:52:42 UTC https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049040239 https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049824696 What Is Supply Chain Management (SCM)?

Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.

]]> 2022-02-16 01:01:42 UTC https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049824696 https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049827361 What Is a Supply Chain Management Example?

Supply chain management is the practice of coordinating the various activities necessary to produce and deliver goods and services to a business’s customers. Examples of supply chain activities can include designing, farming, manufacturing, packaging, or transporting.

]]> 2022-02-16 01:03:50 UTC https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049827361 https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049828492 What Is the Importance of Supply Chain Management?

Supply chain management is critical since it may aid in the achievement of numerous company goals. Controlling manufacturing processes, for example, may enhance product quality while lowering the danger of recalls and litigation and assisting in the development of a strong consumer brand. Controlling shipping methods, on the other hand, may enhance customer service by preventing expensive shortages or periods of inventory overstock. Overall, supply chain management allows businesses to increase their profit margins in a variety of ways, and it is especially critical for businesses with big and multinational operations.]]> 2022-02-16 01:04:44 UTC https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049828492 https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049830565 Types of Supply Chain Management (SCM) Systems

1. Supply Chain Planning Systems
These systems provide information that helps businesses in the planning of their supply chain. 
• Forecasting demand for specific products and preparing sourcing and manufacturing plan for those products.
• Estimating the quantity of the product to be manufactured in a given time period

2. Supply Chain Execution Systems
These systems provide information that helps businesses in the execution of their supply chain steps.
• Managing the flow of products from the manufacturers to distributors to retailers and finally to customers in order to ensure the accurate delivery of products
• Providing information about the status of orders being processed so that the vendors could provide the exact delivery dates to customers]]> 2022-02-16 01:06:18 UTC https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049830565 https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049831530 Benefits of Supply Chain Management (SCM).

Improve customer service by delivering the right products at the right time and in the right place, which helps you increase the sales of the organization.
-Enable companies to bring products to market at a faster rate. Thus, companies get their payments sooner than their lack of efficient supply.
-Reduce total supply chain costs including collection costs, transportation costs, inventors, transportation costs, etc. Reducing costs in the supply chain helps increase firm profitability.]]> 2022-02-16 01:07:06 UTC https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049831530 Why is Supply Chain Management necessary for your business? https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049835860 -Interconnected Supply Chain
-Integrated & Co-operative Logistics 
-Better Supply Chain for Better Business
-Seamless Movement
-Reduced overall operating costs
-Vitalized quality of life within the warehouse 
-Improved visibility for Supply Chain Operation]]> 2022-02-16 01:10:17 UTC https://padlet.com/maryahmad007/55q8bakgow6tpy8v/wish/2049835860