Inventory And Supply Chain Management †MyAssignmenthelp.com

Question: Discuss about the Logistic And Supply Chain Management. Answer: Introduction This report reflects the adamantine study on the key factors of logistic and supply chain management. Logistic activities could be defined as value chain activities of organization that take place within the boundaries of organization. Organization needs to establish proper level of coordination between logistic and supply chain management. In this report, XYZ Company has been taken into consideration for better handling ofsupply chain management and logistic work. In the starting of this report, fundamentals of what involved in logistic and supply chain management has been discussed. After that, a clear supply chain process such as management of inventories, value chain activities and sustainable practice in supply chain management has been discussed. In the end of this report, impact of use of cyber computing system and enterprises resources planning on the supply chain management has been discussed in determined approach Logistic and supply chain management (Inventory management and supply chain management With the increasing ramification of economic changes, there are several sustainable practices and solutions which are used by organization to perform its business activities with a view to achieve certain goals and objectives. It is evaluated that if after using PESTLE analysis, it is considered that suppliers power is strong in the market then company needs to arrange list of at least 14 suppliers who could supply raw material and services to organization. XYZ Company invites the tenders from the different suppliers who could provide raw material to its value chain activities (Kurbel, 2016). Throughout the time, economic order quantity of organization is determined and below this level orders will be placed by organization through installed enterprise resources planning. The list of suppliers of raw material will be done by organization by offering tender method in the market. In addition to this, carriage inward expenses will be borne by the suppliers and will deliver goods and ser vices to XYZ Company at the time when the stocks and raw material reach the minimum order quantity (Wang, et al. 2016). Inventory management and strategic planning In addition to this, all the communication and information will be shared by vendors through the given separate login ID password. Other works such as placing orders, evaluating the inventories in organization and identifying the supply of particular goods and services will be set through the enterprises resources planning. In addition to this, cyber computing system of XYZ Company will also be used to detect the stock requirement and smooth functioning of internal control system. Surveillance will be done by the line manger whether the associated cost and implemented functions have proper level of nexus with each and every logistic performance (Kurbel, 2016). Supply chain management in globalized world It is evaluated that integration of various business activities in very important for the success of supply chain. All the business activities such as production, supply, warehouse, marketing, distribution activities and transportation activities should be interlinked with each other (Fernie and Sparks, 2014). However, company has installed cyber computing system to establish proper flow of information between employees to employee, employees to top management and employees to vendors. The globalized supply chain management of organization will establish vertical and horizontal integration in determined approach. However, automation in these activities could be done by installation of cyber computing enterprises resources planning in effective manner (Monczka, et al. 2015). Sustainable practice in supply chain management It is considered that company needs to establish proper level of efficiency in its business functioning. The sustainability of supply chain management is related to issues affecting logistic and supply chain networks in terms of environmental risk, waste costs. Company could install effective supply chain management by using proper level of integrated environmentally sound choice into supply chain management. It could be done by taking into account the internal control system and enterprises resources planning. This practice will help organization to establish automation in value chain activities and integrate the proper level of business practice to reduce the wastage of valuable resources in organization (Rushton, Croucher, and Baker, 2014). Impact of information technology on supply chain management It is evaluated that all the logistic work and information is set through proper level of cyber computing system and implemented enterprises resources planning. It is evaluated that if company could make changes in its value chain activities by using cyber computing enterprises resources planning to increase the overall productivity and decrease the by products from the supply chain management (Monczka et al. 2015). Open ended discussion After evaluating various primary and secondary data form the various sources, it is considered that logistic is related to value chain activities of organization that take place within the boundaries of organization and supply chain activities is related to suppliers, manufacture, wholesaler and retailers functioning of organization (Rushton, Croucher, and Baker, 2014). If company could implement effective logistic and supply chain activities then it could increase the overall productivity and decrease the byproducts of organization in easy and determined approach. Furthermore, a clear level of nexus between all these activities and effective communication among all employees are the key pillar of the success of implemented logistic and supply chain management (Fernie and Sparks, 2014). Conclusion It has determined that strategic alliance with several different organizations will increase the effectiveness of organizations working and productivity. Supply chain management of organization focus on increasing the effectiveness of functioning of suppliers, manufacture, wholesaler and retailers. Now in the end, it could be inferred that Each and every organization should increase the effectiveness of supply chain management by establishing proper level of coordination and nexus between all these activities. References Fernie, J. and Sparks, L., 2014.Logistics and retail management: emerging issues and new challenges in the retail supply chain. Kogan page publishers. Kurbel, K.E., 2016.Enterprise resource planning and supply chain management. SPRINGER-VERLAG BERLIN AN. Mangan, J. and Lalwani, C., 2016.Global logistics and supply chain management. John Wiley Sons. Monczka, R.M., Handfield, R.B., Giunipero, L.C. and Patterson, J.L., 2015.Purchasing and supply chain management. Cengage Learning. Rushton, A., Croucher, P. and Baker, P., 2014.The handbook of logistics and distribution management: Understanding the supply chain. Kogan Page Publishers. Stadtler, H., 2015. Supply chain management: An overview. InSupply chain management and advanced planning(pp. 3-28). Springer Berlin Heidelberg. Wang, G., Gunasekaran, A., Ngai, E.W. and Papadopoulos, T., 2016. Big data analytics in logistics and supply chain management: Certain investigations for research and applications.International Journal of Production Economics,176, pp.98-110. Waters, D. and Rinsler, S., 2014.Global logistics: New directions in supply chain management. Kogan Page Publishers.