Supply chain management class lectures_142079104-Supply-Chain-Management

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Supply Chain management (SCM) means managing the supply of inbound and outbound goods and

services in the most cost effective and time sensitive way. This can be done by designing a strategic

route plan for the quickest possible pick-up and delivery regimen, from the appropriate suppliers, for all

points throughout the assembly line, in order to achieve cost and time related efficiency levels. Then

optimum operational smoothness can be guaranteed giving a business an edge over competitors in

marketing goods and services by introducing goods and services quicker than established trend.Logistics

is used to put this strategy in place physically. All manufacturing, service oriented and progressive

companies have logistics departments that execute SCM plans so that goods and services that come in

can be made available to the various departments for meeting production schedule and churning out

finished goods and services to the clients in the quickest cost effective way possible.Logistics uses

various infrastructure and machinery to bring about the execution of the SCM strategy. Such SCM and

logistics mechanism can be relevant in the macro sense as well, encompassing the economic activity of

the whole country. Therefore, roads, railways, waterways, seaport and airport customs facilities and

regulations of a country need to be seamless and free of corruption. All of the above fall in the category

of logistical infrastructure and are vital for the economic viability of a country .The preamble of our lead

article in the logistics page is always introductory in nature, simply because supply chain management is

a subject that is not in the news often and communication on the subject has not been to the desired

extent leaving most managers unable to grasp the technicalities of supply chain management though

most have to deal with the challenges of managing a supply chain.In Bangladesh, logistical infrastructure

has been discussed at length in the media indirectly whenever we have seen news related to port

facilities but the significance of supply chain management and the fact that modern logistical

infrastructure is a national priority has not gained ground.Here lies the need for a strategic plan

commissioned and adopted by the highest authority. A strategic plan for development of logistical

infrastructure would be unique opportunity for not only to improve functional infrastructure but also to

reap the benefit of creating thousands of jobs by establishing new businesses and to give a fillup to

existing companies that would benefit by getting lucrative contracts to work in improving roads, railway

lines, ports, airports, and so on.The strategic plan could improve many things .We have heard of

suggestions like improving the condition of the Mongla Port, which is currently almost lying idle. Mongla

port could be an alternative port to Chittagong port but this option is not explored for a variety of

reasons, most of which are hazy in design and context. . What a waste that we are unable to offer an

alternative port to ease congestion in the Chittagong port while we have a ready-made port waiting to

be re-commissioned. Internal Container Depots (ICD) facilities need to be increased so that goods that

can be unstuffed and delivered to destination in and around Dhaka if needed. Other suggestions that

can be a part of strategic plan are - riverine ports facilities for moving goods from Chittagong Port

through barge-mounted transportation, improvement of Bangladesh Railways, more off-doc facilities in

Chittagong port to facilitate quick movement of containers within the port, computerisation of customs

to shorten customs formalities and make them more transparent.The term Supply Chain Management

(SCM) itself envisages the need for planning and, therefore, national strategic plan can be a great

benefit for the whole national economy just as SCM plans are evolved for smaller entities like business

organisations. The national strategic plan would have sections that relate to financial requirement needs

to implement the plan. Viable financial plan can be drawn up with private sector participation in mind

and if the emphasis is placed on transparency and strict supervision of a government team comprising

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Supply Chain management (SCM) means managing the supply of inbound and outbound goods and services in the most cost effective and time sensitive way. This can be done by designing a strategic route plan for the quickest possible pick-up and delivery regimen, from the appropriate suppliers, for all points throughout the assembly line, in order to achieve cost and time related efficiency levels. Then optimum operational smoothness can be guaranteed giving a business an edge over competitors in marketing goods and services by introducing goods and services quicker than established trend.Logistics ...
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