What is the Supply Chain Management (SCM)?

What is the Supply Chain Management (SCM)? The best companies around the world are discovering a  powerful new source of competitive advantage. Its called supply-chain management and it encompasses all of those  integrated activities that bring product to market and create  satisfied customers. The Supply Chain Management Program integrates topics from  manufacturing operations, purchasing, transportation, and  physical distribution into a unified program. Successful supplychain  management, then, coordinates and integrates all of these  activities into a seamless process. It embraces and links all of  the partners in the chain. In addition to the departments within  the organization, these partners include vendors, carriers, thirdparty  companies, and information systems providers. Within the organisation, the supply chain refers to a wide range of functional areas. These  include Supply Chain Management-related activities such as inbound and outbound  transportation, warehousing, and inventory control. Sourcing, procurement, and supply  management fall under the supply-chain umbrella, too. Forecasting, production planning  and scheduling, order processing, and customer service all are part of the process as well.   Importantly, it also embodies the information systems so necessary to monitor all of these  activities. Simply stated, the supply chain encompasses all of those activities associated with  moving goods from the raw-materials stage through to the end user.   Advocates for this business process realised that significant productivity increases could  only come from managing relationships, information, and material flow across enterprise  borders. What is the importance of Supply Chain Management In the ancient Greek fable about the tortoise and the hare, the speedy and overconfident  rabbit fell asleep on the job, while the slow and steady turtle won the race. That may  have been true in Aesops time, but in todays demanding business environment, slow  and steady wont get you out of the starting gate, let alone win any races. Managers these  days recognise that getting products to customers faster than the competition will improve  a companys competitive position. To remain competitive, companies must seek new  solutions to important Supply Chain Management issues such as modal analysis, supply  chain management, load planning, route planning and distribution network design.   Companies must face corporate challenges that impact Supply Chain Management such  as reengineering globalisation and outsourcing.   Why is it so important for companies to get products to their customers quickly? Faster  product availability is key to increasing sales,   An example of a Supply Chain Management application:   To Reduce Cycle Time, Kick Those Bad Habits   ..One of the chief causes of excessive order-to-delivery cycle times is the existence of longstanding  bad habits that result when companies fail to revise internal processes to reflect market  changes. The existence of separate, independent departments tends to perpetuate these inefficient  practices. Taking the supply-chain management view, on the other hand, helps companies identify  the cumulative effects of those individual procedures. Eliminating such bottlenecks improves  product availability and speeds delivery to customersboth of which can increase sales and profits.   Supply Chain Management Today   If we take the view that Supply Chain Management is what Supply Chain Management  people do, then in 1997 Supply Chain Management has a firm hand on all aspects of  physical distribution and materials management. Seventy-five percent or more of  respondents included the following activities as part of their companys Supply Chain  Management department functions:   Inventory management Transportation service procurement Materials handling Inbound transportation Transportation operations management Warehousing management Moreover, the Supply Chain Management department is expected to increase its range of  responsibilities, most often in line with the thinking that sees the order fulfilment process  as one co-ordinated set of activities. Thus the functions most often cited as planning to  formally include in the Supply Chain Management department are:   Customer service performance monitoring   Order processing/customer service Supply Chain Management budget forecasting On the other hand, there are certain functions which some of us might feel logically  belong to Supply Chain Management which companies feel are the proper domain of other departments. Most difficult to bring under the umbrella of Supply Chain  Management are: Third party invoice payment/audit Sales forecasting Master production planning Write-in responses reveal the leading edge of what some Supply Chain Management  departments are doing. These include engineering change control for packaging; custom   Today Supply Chain Management includes services such as: Operational Analysis and Design Materials Handling Distribution Strategy Operational Improvements, Distribution Management Computer Systems Warehouse Design Project Management Operational Commissioning Computer Simulation Technical seminars

Demand and Law of Demand Essay

Demand is the willingness and ability of buyer to purchase different quantities of a good at different prices during a specific period of time. By definition, the law of demand refers to: As the price of a good rises, quantity demanded of that good falls; as the price of a good falls, quantity demanded of that good rises, ceteris paribus. The Law of Demand states that people will buy more of a product at a lower price than at a higher price, if nothing changes. Besides that, it also states that at a lower price, more people can afford to buy more goods and more of an item more frequently, than they can at a higher price. Other then that, it also states that at lower prices, people tend to buy some goods as a substitute for others more expensive. There are four ways to represent The Law of Demand; 1. In wordsï ¼Å¡As price rises, quantity demand falls, ceteris paribus. 2. In symbols: P(price)↑Q(quantity)↓ 3. In a demand schedule 4. In a demand curve Explain supply and the law of supply.  By definition, supply is the willingness and ability of sellers to produce and offer to sell different quantities of a good at different prices during specific period of time. Law of Supply refer to: As the price of a good rises, the quantities supplied of the good rises; and as the price of a goods falls, the quantities of the good falls The Law of Supply states that at higher prices, producers are willing to offer more products for sale than at lower prices. Besides that, it also states that the supply increases as prices increase and decreases as prices decrease. Other then that, it states that those already in businesses will try to increase productions as a way of increasing profits. How market equilibrium is achieved? Market equilibrium is a condition under which the quantity supplied is equal to the quantity demanded; when a market is in equilibrium, there is no tendency for change. The equilibrium price is the price at which the quantity demanded is equal to the quantity supplied. Shortages occur when  price is below the equilibrium price; shortages cause the price to rise. Surpluses occur when price is above the equilibrium price; surpluses cause the price to fall.

Relationship Between Science And Religion - 1159 Words

The relationship between the philosophies of science and religion has long been a contentious topic in both popular and scholastic discourse. While some individuals engaging in this debate suggest that the relationship between the two disciplines is one of direct opposition, others propose that the two disciplines are in fact compatible or too dissimilar to be in conflict. While this debate raged, certain academics attempted to find a way to solve the apparent conflict between science and religion. Philosopher, psychologist and physician William James was one such academic. He presented his philosophy of pragmatism as a means to bridge the divided between science and religion, as it emphasized the way in which the two disciplines can†¦show more content†¦As he attempts to procure a second glance of the creature, the squirrel tries to stay out of sigh by circling the tree. The man, in turn, tries to keep the squirrel in view by circling the tree in time with the squirrel. The resulting metaphysical question, according to James, is does the man go round the squirrel or not? James suggests that the question can only be answered if one determines what one practically means by going round the squirrel. If one takes going round to mean passing from north to east, then south to west of the squirrel, then the answer to the question seemingly undecipherable question is ‘yes, the man does go round the squirrel.’ However, if one takes going round to mean being first in front of the squirrel, then to its right, then left, before returning once again to being in front of it, then the answer is ‘no, the man does not go round the squirrel.’ Thus, according to James, when one clarifies the question pragmatically, the dispute is solved.Show MoreRelatedRelationship Between Science And Religion Essay2131 Words   |  9 PagesThe relationship between science and religion as Western categories of thought has long been fraught with tension; ac ademics suggest that the conflict between religion and science arose in the 17th century, as a result of the Galileo Affair, and continued into the 18th century Age of Enlightenment. Others, however, suggest that the dispute between the two systems of belief may even be traced as far back as classical antiquity. Even today, it is clear that tensions endure between academics unableRead MoreThe Relationship Between Religion And Science1339 Words   |  6 PagesThroughout modern times, philosophers have debated the relationship between religion and science. For example, the question has been raised whether science and religion give the same kind of knowledge, thus competing with one another. The alternate view is that they give different kinds of knowledge, thereby complementing one another. Galileo Galilei (1564-1642) was an Italian scientist who addressed this issue. A bit later, the English philosopher David Hume (1711-1776) similarly discussed the kindsRead MoreThe Relationship Between Religion And Science907 Words   |  4 PagesThe relationship between religion and science is indubitably debated. Barbour describes four ways of viewing this relationship (conflict, independence, dialogue--religion explains what science cannot, and integration--religion and science overlap). Gould presents a case in which religion and science are non-overlapping magisteria (NOMA), that the two entities teach different things and therefore do not conflict. The subject of this essay is Worrall, who says that religion and science does conflictRead MoreThe Relationship between Science and Religion755 Words   |  4 Pages　　The Relationship between Science and Religion 　　The relationship between science and religion will be analyzed in the following three aspects: conflict, compartmentalization and complementariness. 　　Conflict 　　An essential question on our own existence is bound to evoke our curiosity: where did we come from? Charles Darwin, in his theory of evolution, believed that human being was evolved from apes. However, the Genesis in Bible considered that human was created by God. Undoubtedly, it is impossibleRead MoreRelationship Between Science And Religion950 Words   |  4 PagesWithin philosophy, there has long been a question about the relationship between science and religion. These two systems of human experience have undoubtedly had a lot of influence in the course of mankind’s development. The philosopher Ian Barbour created a taxonomy regarding science and religion that has become widely influential. His taxonomy postulates that there are four ways in which science and religion are thought to interact. The four categories are: conflict, independence, dialogue, andRead MoreRelationship Between Science And Religion901 Words   |  4 Pagesstudy of consciousness bring s an interesting twist into the relationship between science and religion. Humans standalone from all other creatures because we are conscious, this indicates to some people that there has to be a higher power. When studying the evolution of humans, we find that we are so much more advanced than any other known creature on the planet. This article attempts to explain the relationship between science and religion and the few unexplained things in the universe that prove thereRead MoreThe Relationship Between Religion And Science1056 Words   |  5 Pages100 October 4, 2014 Western Individualism What is the relationship between religion and science? In his book, Consilience, Edward O. Wilson aims to find a unified theory of knowledge. Consilence also seeks to show how science is superior to and can replace religion. In this paper, I intend to show how Wilson understands this relationship and science as well as how. as well as show John Stuart Mill would agree or disagree with Wilson. Science â€Å"aims to save the spirit, not by surrender but by theRead MoreThe Relationship between Science and Religion814 Words   |  3 PagesWhen one thinks of religion, Christianity may come to mind. And when one talks about science, Galileo’s name will most likely be mentioned. The relationship between science and religion has had a long complex history. Both strived to answer and explain the way the world and the universe came to exist and why it functions the way it does. However, one subject relies on the supernatural world while the other on the physical world. Christianity, Judaism and other Western religions played a major roleRead MoreRelationship Between Science And Religion3252 Words   |  14 Pageshe relationship between science and religion is a very interesting and complex one, and has changed quite a lot over the course of human history. In order to competently understand this relationship, it is necessary to have a rudimentary knowledge of the fundamen tal methods and aims of each discipline. Though the relationship between science and religion has changed a lot over time, what has not changed is the fact that the two disciplines are diametrically opposed to each other in many ways, havingRead MoreRelationship Between Science And Religion1481 Words   |  6 Pagesmethod of inductive logic. Rene Descartes (1596-1650) allowed science and theology to each have their own sovereign realm. Conflicting ideas between science and religion began to develop during the nineteenth century. During the twentieth century people began to believe that all human knowledge was scientific knowledge. Research either proved or disproved theories of the earth’s origin. People began to question the supremacy of science on the basis of the very premises that brought it to power,

The, Canada, And Inc. - 1049 Words

Chairman Dennis â€Å"Chip† Wilson founded Lululemon Athletica Inc. in 1998. The Vancouver, Canada based Lululemon Athletica Inc. designs and sells yoga apparel under the Lululemon Athletica and Ivivva Athletica brands, to the trendy athletic consumer. They operate in 250 companies owned store in North America alone in 2015, they also have stores in Australia and New Zealand. Lululemon has 8,628 people employed as of 2015. Their primary design apparel for women that like to run, do yoga or dance, the company also offers a men’s line. A third-party in Taiwanese constructs the attire, which is then distributed to the different stores in Canada, North America, and Australia. Geographic Reach and Operations Sixty percent of Lululemon’s sales†¦show more content†¦They also opened up their first store in Singapore in 2014. The company plans to open about twenty new stores in Asia and Europe each by 2017. They are trying to have enormous geographical reach expanding all over the world. Marketing â€Å"Lululemon’s target customer is a sophisticated, educated, physically active women, who can afford to spend upwards of $80 on a pair of yoga pants† (Lululemon Athletica Inc., Company Profile from Hoover s). Their marketing approach is very community based. Although the company is more based on yoga apparel, they want to promote more healthy life style, getting out, drinking water, exercising. Their ambassador program also helps the company grow they have elite athletes being their ambassadors like cyclist Ryan Leech. Design for the product is one of the most important things; it makes you stand out from your competitors. Lulu design team is based out in Vancouver. Lulu had created fabrics like Luon (breathable and cottony soft) and Silverscent (helps you not smell when you sweat) in partnership with apparel manufacturers, to make their products. They are also in the progress of developing fabric that protects you from UV. If you are like me, you know just by the touch of fabric if it’s Lululemon or not. It has such a significant touch, depending on what you get. These are great for marketing it makes Lululemon different from their competitors. In 2014 Lulu opened its fist men only apparel store in Soho,