How to Deal with Supply Chain Management Assignment Writing?

Supply chain management students are always stuck with the concepts of supply chain and their assignments. This article will enable the students to approach their assignments perfectly.

Managing the network of interconnected businesses involving the provisions of products and services for the end customers is called supply chain management. Supply chain management covers the movement and storage of inventory, goods, and raw materials from the origin point to the customers. This article will help the students in understanding the basics of supply chain management assignment writing. Supply chain management has been a crucial part of any business in the global world; it helps in competing successfully in the current era by providing an effective supply chain network. Globalisation and the rising number of multi-national corporations have made supply chain networks a necessity for companies to achieve success. Advancing technology has made supply chain networks more transparent and feasible for the companies; it has increased the flow of information and enhanced the coordination between different members of a team sitting in different corners of the world.

In the current era, supply chain management can be called the backbone of businesses in the globally competing market. With the growing number of companies and increasing complexities of the networks, supply chains are becoming more complex and dynamic. A robust supply chain network that enables the process and allows IT interventions in the planning and execution are the need of the new age world.

For designing a supply chain network, the following activities are required:

· Strategic:

Strategic activities include the strategic network optimization consisting of the number, size, and location of warehouses and distribution centers. It makes the partnership between the suppliers and the distributors reliable. The information is easily exchanged, which makes the process transparent between the members of the network. This activity aligns the supply strategy of the organization's business strategies.

· Tactical:

Tactical activities include the purchasing and source of supply selection. It enables the planning of production and its scheduling. It helps in deciding the manufacturing process, whether the process should be in house or it should be outsourced. All of the decisions related to inventory and warehousing are taken under this activity. This activity decides the transportation strategy of goods or raw materials. The responsibilities of the product’s quality and its implementation come under this activity. New age marketing techniques are used under this activity for new product launches, and it also schedules the payments.

· Operational

The operational activities include the production and the schedule of deliveries. Operations have to forecast the demand and have to coordinate with the suppliers and distributers. The inbound operations are responsible for the transportation of the products and raw materials from the supplier to the inventory. The complete inventory, warehouse, and transportation are managed by the operations.

The basic role of supply chain management is to transport the correct things to the perfect places at the right time. The advancing information and communication channels have taken the supply chain networks to the next stage, which is faster and cheaper.

Conclusion: This article focuses on the basics of supply chain management and helps the student in writing their supply chain management assignments.