SCM essay deals with one of the most sought after subject of today which is called supply chain management. This subject is a modern version of logistics management and this deal with all the parts of logistics system i.e. from procuring to storing to delivering. Different statistical and econometric models are used in this subject to make this part most effective for a company. Today more or less every company is using this but this is one of the most vital parts in sectors like retailing, manufacturing etc. College essays cater deep into the subject.
The first important task is to procure. Now before buying you need to do the demand forecasting. This part is very important because it will save you from unnecessary storing of materials. Demand forecasting must consider several factors both external as well as internal. Among the external factors are competition both foreign and domestic, economic climate, laws and regulatory bodies, changes in technology, and social factors. A leadership essay would cater better thoughts and opinions.
Internal factors include budget constraints, production levels, new products and services, organizational structure, and employee separations. Another important step is the environmental scanning. Environmental scanning refers to the systematic monitoring of the external forces influencing the organization. Managers monitor several factors but the following are pertinent:
a) Economic factors, including general and regional conditions
b) Technological changes, which can change the consumption pattern
c) Demographic changes, including age, composition and literacy
d) Political and legislative issues, including laws and administrative rulings
e) Social concerns
By scanning the environment for changes that will affect an organization, managers can anticipate their impact and make adjustments early.
The demand forecasting help the organization
a) to store the materials in the most economical way
b) it decreases the lead time to the minimum
c) It helps in anticipating any unnatural demand conditions and helps the society to deal with it. In this way it helps to reduce black marketing.
The next step is to make sure of supply of the required materials. For that you need to talk with the every different sources, this sources can be your past sources or it can be new sources. Here negotiation is an art and you need to be a master of that to make a win win deal. Essay writing in this scenario would evaluate all sources.
The next step is to store the material. The store should be in a well condition with adequate safety measures and guards. The store manager should maintain all the details of every goods that is entering and leaving the store. Today there are so many good software or the erp packages are available that can make this store management less time consuming and less costly.
The last step is to delivery those goods to the shops or the factories. A good communication paper essay and tracking system is needed to understand the requirement as quickly as possible. It will help in reducing the lead time and it will also increase the customer satisfaction that will ultimately affect the sales volume in a positive manner.
SCM essay is quite crucial to ay business and they must understand the very importance of it. It forms a major part of business school essay .