Supply Chain Management CHAPTER 14 Marketing 10 Lamb, Hair, McDaniel Designed by Eric Brengle B-books, Ltd. Copyright ©2009 by Cengage Learning Inc. All rights reserved Prepared by Amit Shah Frostburg State University 1 Learning Outcomes LOI Define the terms supply chain, supply chain management, and supply chain orientation, and discuss the benefits of supply chain management LO2 Discuss the concept of supply chain integration and explain why each of the six types of integration is important LO3 Identify the eight key processes of excellent supply chain management, and discuss how each of these processes impacts the end customer Copyright ©2009 by Cengage Learning Inc. All rights reserved 2 Learning Outcomes LO4 Discuss the key strategic decisions supply chain managers must make when designing their companies’ supply chains LO5 Describe the logistical components of the supply chain LO6 Explain why supply chain performance measurement is necessary and important LO7 Discuss new technology and emerging trends in supply chain management Copyright ©2009 by Cengage Learning Inc. All rights reserved 3 LOI Supply Chains and Supply Chain Management Define the terms supply chain, supply chain management, and supply chain orientation, and discuss the benefits of supply chain management Copyright ©2009 by Cengage Learning Inc. All rights reserved 4 LOI Supply Chains Supply Chain The connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function Copyright ©2009 by Cengage Learning Inc. All rights reserved 5 LOI Supply Chains Supply Chain Management A management system that coordinates and integrates all of the activities performed by supply chain members into a seamless process, from the source to the point of consumption, resulting in enhanced customer and economic value Copyright ©2009 by Cengage Learning Inc. All rights reserved 6 LOI Supply Chains Copyright ©2009 by Cengage Learning Inc. All rights reserved 7 Supply Chain Managers Supply chain managers are responsible for Making strategic decisions Management of information through supply chain Coordinating relationships between company and external partners LOI Copyright ©2009 by Cengage Learning Inc. All rights reserved 8 Benefits of Supply Chain Management Supply chain oriented companies commonly report: • Lower inventory, transportation, warehousing, and packaging costs • Greater supply chain flexibility • Improved customer service • Higher revenues • Increased profitability LOI Copyright ©2009 by Cengage Learning Inc. All rights reserved 9 LOI REVIEW LEARNING OUTCOME Supply Chain Management Copyright ©2009 by Cengage Learning Inc. All rights reserved 10 LO2 Supply Chain Integration Discuss the concept of supply chain integration and explain why each of the six types of integration is important Copyright ©2009 by Cengage Learning Inc. All rights reserved 11 LO2 Supply Chain Integration System Approach A key principle of supply chain management – that multiple firms work together to perform tasks as a single, unified system, rather than as several individual companies acting in isolation. Supply Chain Integration When multiple firms in a supply chain coordinate their activities and processes so that they are seamlessly linked to one another in an effort to satisfy the customer. Copyright ©2009 by Cengage Learning Inc. All rights reserved 12 LO2 Supply Chain Integration Relationship Integration Measurement Integration Technology and planning Integration Firm-to-Firm Social Interactions Operational Planning and Control Material and service supplier Integration Internal Operations Integration Customer Integration Customer Integration Copyright ©2009 by Cengage Learning Inc. All rights reserved 13 LO2 Supply Chain Integration Relationship Integration The ability of two or more companies to develop social connections that serve to guide their interactions when working together. Role Specificity When each firm in a supply chain has clarity in terms of knowing which firm is the leader, which firms are the followers, and which responsibilities are assigned to each firm. Copyright ©2009 by Cengage Learning Inc. All rights reserved 14 Relationship Integration •High relationship integration allow entire supply chain to perform at a higher level •Tend to be managed by formal or informal social guidelines •Tend to be open to information sharing across firm/business unit boundaries •Tend to practice equitable risk/reward sharing LO2 Copyright ©2009 by Cengage Learning Inc. All rights reserved 15 LO2 Measurement Integration Measurement Integration The performance assessment of the supply chain as a whole that also holds each individual firm or business unit accountable for meeting its own goals ActivityBased costing (ABC) An accounting method used in measurement integration to assess the costs associated with each supply chain activity Copyright ©2009 by Cengage Learning Inc. All rights reserved 16 Measurement Integration •Managers in all firms and units must conduct functional assessments •Firms in supply chain should agree on and commit to principles of ABC •Must be a widely agreed upon set of supply chain metrics that are standards LO2 Copyright ©2009 by Cengage Learning Inc. All rights reserved 17 LO2Technology Technology and planning integration and Planning Integration The creation and maintenance of information technology systems that connect managers across and through the firms in the supply chain Copyright ©2009 by Cengage Learning Inc. All rights reserved 18 Technology and Planning Integration Several firm-level and supply chain-level capabilities must be developed •Firms in supply chain must become experts at information management •Packets of information must be available in real-time •Supply chain managers need strong internal communications capability LO2 Copyright ©2009 by Cengage Learning Inc. All rights reserved 19 LO2 Internal Operations Integration Internal Operations Integration Links internally performed work into a seamless process that stretches across departmental and/or functional boundaries, with the goal of satisfying customer requirements Copyright ©2009 by Cengage Learning Inc. All rights reserved 20 Internal Operations Integration Five distinct groups of activities: • Firm must become cross-functionally unified • Firm should seek to standardize operations/work processes • Work processes should be simplified • Process standards should be developed for internal benchmarks • Overall logistical network of firm should be reconfigured LO2 Copyright ©2009 by Cengage Learning Inc. All rights reserved 21 LO2 Customer Integration Customer Integration ABC Segmentation A competency that enables firms to offer long-lasting, distinctive, value-added offerings to those customers who represent the greatest value to the firm or supply chain The supply-chain process whereby customers are placed into groups A, B, and C according to their overall long-term value to the firm and to the extent to which the firm can serve their desires Copyright ©2009 by Cengage Learning Inc. All rights reserved 22 Customer Integration Drivers •Understand not all customers are alike •Should use market segmentation •Select customer groups for whom to provide highest levels of service LO2 Copyright ©2009 by Cengage Learning Inc. All rights reserved 23 LO2 REVIEW LEARNING OUTCOME Supply Chain Integration Copyright ©2009 by Cengage Learning Inc. All rights reserved 24 LO3 Key Processes of Supply Chain Management Identify eight key processes of excellent supply chain management, and discuss how each of these processes impacts the end customer Copyright ©2009 by Cengage Learning Inc. All rights reserved 25 LO3 Key Processes Copyright ©2009 by Cengage Learning Inc. All rights reserved 26 LO3 Customer Relationship Management Customer Relationship Management Process The prioritization of a firm’s marketing focus on different customer groups according to each group’s long-term value to the company or supply chain; designed to identify and build relationships with good customers. Copyright ©2009 by Cengage Learning Inc. All rights reserved 27 LO3 Customer Service Management Customer Service Management Process A multi-company, unified response system to the customer whenever complaints, concerns, questions, or comments are voiced; designed to ensure that customer relationships remain strong. Copyright ©2009 by Cengage Learning Inc. All rights reserved 28 LO3 Demand Management Demand Management Process The alignment of supply and demand throughout the supply chain to anticipate customer requirements at each level and create demand-related plans of action prior to actual customer purchasing behavior. Copyright ©2009 by Cengage Learning Inc. All rights reserved 29 LO3 Order Fulfillment Order Fulfillment Process A supply chain management process that involves generating, filling, delivering, and providing on-the-spot service for customer orders. Copyright ©2009 by Cengage Learning Inc. All rights reserved 30 LO3 Manufacturing Flow Management Manufacturing Flow Management Process A process that ensures that firms in the supply chain have the resources they need Copyright ©2009 by Cengage Learning Inc. All rights reserved 31 LO3 Supplier Relationship Management Supplier Relationship Management Process A supply chain management process that supports manufacturing flow by identifying and maintaining relationships with highly valued suppliers Copyright ©2009 by Cengage Learning Inc. All rights reserved 32 LO3 Product Development and Commercialization Product Development and Commercialization Process The group of activities that facilitates the joint development and marketing of new offerings among a group of supply chain partner firms. Copyright ©2009 by Cengage Learning Inc. All rights reserved 33 LO3 Returns Management Returns Management Process A process that enables firms to manage volumes of returned product efficiently, while minimizing costs and maximizing the value of the returned assets to the firms in the supply chain. Copyright ©2009 by Cengage Learning Inc. All rights reserved 34 LO3 REVIEW LEARNING OUTCOME Key Processes of Supply Chain Management Copyright ©2009 by Cengage Learning Inc. All rights reserved 35 LO4 Strategic Supply Chain Management Decisions Discuss the key strategic decisions supply chain managers must make when designing their companies’ supply chains Copyright ©2009 by Cengage Learning Inc. All rights reserved 36 LO4 Supply Chain Management Lean Supply Chain Management The strategy that focuses primarily on the removal of waste from the supply chain to achieve the lowest total cost to the members of the supply chain system The supply chain strategy that focuses primarily on Agile Supply the ability of the firm to fulfill Chain Management customer demand, even if this means somewhat higher costs Copyright ©2009 by Cengage Learning Inc. All rights reserved 37 LO4 Lean versus Agile Supply Chain Management Copyright ©2009 by Cengage Learning Inc. All rights reserved 38 Mapping The Supply Chain LO4 Copyright ©2009 by Cengage Learning Inc. All rights reserved 39 LO4 REVIEW LEARNING OUTCOME Logistics Function in the Supply Chain Copyright ©2009 by Cengage Learning Inc. All rights reserved 40 LO5 Managing Logistical Components Describe the logistical components of the supply chain Copyright ©2009 by Cengage Learning Inc. All rights reserved 41 LO5 Logistical Components of the Supply Chain Supply Chain Team Logistics Information System Sourcing & Procurement Order Processing Inventory Control Warehouse & Materials Handling Copyright ©2009 by Cengage Learning Inc. All rights reserved Transportation 42 LO5 Sourcing and Procurement The Role of Purchasing: • Plan purchasing strategies • Develop specifications • Select suppliers • Negotiate price and service levels • Reduce costs Copyright ©2009 by Cengage Learning Inc. All rights reserved 43 LO5 Order Processing Electronic Data Interchange Information technology that replaces paper documents that accompany business transactions with electronic transmission of the information. http://www.walmartstores.com Online Copyright ©2009 by Cengage Learning Inc. All rights reserved 44 LO5 Inventory Management and Control Inventory Control System A method of developing and maintaining an adequate assortment of materials or products to meet a manufacturer’s or a customer’s demand. Copyright ©2009 by Cengage Learning Inc. All rights reserved 45 LO5 Inventory Management and Control Materials Requirement Planning (MRP) An inventory control system that manages the replenishment of raw materials, supplies, and components from the supplier to the manufacturer. Distribution Resource Planning (DRP) An inventory control system that manages the replenishment of goods from the manufacturer to the final consumer. Copyright ©2009 by Cengage Learning Inc. All rights reserved 46 LO5 Inventory Replenishment Example Sleep Right Mattress Retail Store Sleep Right Distribution Center ABC Mattress Wholesaling Company Great Mattress Company MRP Copyright ©2009 by Cengage Learning Inc. All rights reserved 47 LO5 Materials Handling Functions Receive goods into warehouse Identify, sort, and label goods Dispatch the goods to temporary storage Recall, select, or pick the goods for shipment Copyright ©2009 by Cengage Learning Inc. All rights reserved 48 LO5 Transportation Airways Water Pipelines Motor Carriers Railroads Copyright ©2009 by Cengage Learning Inc. All rights reserved 49 Transportation Mode Choice LO5 Cost Transit time Reliability Capability Accessibility Traceability Copyright ©2009 by Cengage Learning Inc. All rights reserved 50 Criteria for Ranking Modes of Transportation LO5 Lowest Highest Relative Cost Air Truck Rail Pipe Water Transit Time Water Rail Pipe Truck Air Reliability Pipe Truck Rail Air Water Capability Water Rail Truck Air Pipe Accessibility Truck Rail Air Water Pipe Traceability Truck Rail Water Pipe Air Copyright ©2009 by Cengage Learning Inc. All rights reserved 51 LO6 Supply Chain Performance Measurement Explain why supply chain performance measurement is necessary and important Copyright ©2009 by Cengage Learning Inc. All rights reserved 52 LO6 Supply Chain Performance Measurement A good metric is characterized by five qualities: •Creates understanding of strategic objectives and tactical plans •Promotes behaviors that are consistent with achieving these objectives •Allows for recording of actual results/outcomes •Allows companies to compare themselves to competitors and customer expectations •Motivates continuous improvement Copyright ©2009 by Cengage Learning Inc. All rights reserved 53 The Balanced Scorecard Approach LO6 Copyright ©2009 by Cengage Learning Inc. All rights reserved 54 LO6 REVIEW LEARNING OUTCOME Why is Supply Chain Performance Measurement Important? Copyright ©2009 by Cengage Learning Inc. All rights reserved 55 LO7 Trends in Supply Chain Management Discuss new technology and emerging trends in supply chain management Copyright ©2009 by Cengage Learning Inc. All rights reserved 56 LO7 Trends in Supply Chain Management Globalization of supply chain management Advanced computer technology Outsourcing of logistics functions Electronic distribution Outsourcing of logistics functions Copyright ©2009 by Cengage Learning Inc. All rights reserved 57 Advanced Computer Technology • Automatic identification systems – Bar coding – Radio frequency technology • Communications technology • Supply chain software systems LO7 Copyright ©2009 by Cengage Learning Inc. All rights reserved 58 LO7 Outsourcing Logistics Functions Outsourcing Benefits • Reduce inventories • Locate stock at fewer plants and distribution centers • Provide same or better levels of service Copyright ©2009 by Cengage Learning Inc. All rights reserved 59 LO7 REVIEW LEARNING OUTCOME Emerging trends in supply chain management Copyright ©2009 by Cengage Learning Inc. All rights reserved 60