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Shaping and managing your supply chain
Supply chain management plays a significant role in customer satisfaction through the delivery of products and services. Good supply chain management is critical at reducing operating costs in procurement activities, operations, and logistics functions and throughout the whole supply chain. The scale of profitability for large organisations is relative to the management of the supply chain.
Supply Chain Management: Why is it important?
Why is SCM important and how do we manage the tiers beyond Tier 1? Hear from SCS JV on traceability all the way back to the raw materials extraction.
Few businesses have understood or managed the entire chain of activities that ultimately deliver products, works or services to the final customer. The result can be disjointed, and often ineffective supply chains can result in increased costs, increased sustainability risks or lack or realised sustainability opportunities, inefficient practices, supply constraints, reduced quality, and longer lead times.
Organisations are beginning to recognise that more attention must be paid to developing resilient, sustainable, lean and agile supply chains to support a new era of high-volume off-site production using state of the art manufacturing techniques in highly modern automated factories. The built environment industry can learn and apply lessons from other sectors, such as the aerospace, automotive and FMCG markets where supply chain management principles are embedded in day to day activities.
The Concept of Supplier Relationship Management
Duncan Brock, Group Director, Chartered Institute of Purchasing and Supply (CIPS) explains the concept of Supplier Relationship Management.