Build your professional network on facebook via our app Go to app
 
Posted in Community :

Supply Chain Management IT solutions

Activity:  3 comments  961 views  last activity : 07 06 2010 20:18:04 +0000
 Refer 10
Share
 
 
 

The seven Principles of Supply Chain Management are as follows :

Principle 1: Segment customers based on the service needs of distinct groups and adapt the supply chain to serve these segments profitably.


Principle 2: Customize the logistics network to the service requirements and profitability of customer segments.


Principle 3: Listen to market signals and align demand planning accordingly across the supply chain, ensuring consistent forecasts and optimal resource allocation.


Principle 4: Differentiate product closer to the customer and speed conversion across the supply chain.


Principle 5: Manage sources of supply strategically to reduce the total cost of owning materials and services.


Principle 6: Develop a supply chain-wide technology strategy that supports multiple levels of decision making and gives a clear view of the flow of products, services, and information.


Principle 7: Adopt channel-spanning performance measures to gauge collective success in reaching the end-user effectively and efficiently.

 
TrackBack URL:
3 comments on "Seven Principles of Supply Chain Management"
  Commented by  Kashif Billal, Strategic Design Manager, Some Fashion Designer    | 11 20 2009 07:52:25 +0000
Spic & Span.
  Commented by  Asif Shaikh, Business Consultant, e-Emphasys Infotech    | 11 20 2009 06:18:41 +0000
Very Informative and actually qualifying to be called Principles.
It will be nice if someone can explain Principle No. 4.
Add your comment on "Seven Principles of Supply Chain Management"

Rate:
Submit
Leading HR Consulting Company
Leading HR Consulting Company
Viewers also viewed
MNC's should take in more freshers vs Do not take freshers
 
1 referals 2 arguments, 161 views
As you know that the right products at the right place at the right time in the right quantity,...
 
461 referals 6 votes, 643 views
The current scenario in the country suggests that all is not well with our systems. Executive,...
 
283 referals 34 arguments, 518 views
more...  
Recent Knowledge (66)
17 Management Funda's1. "We will do it" means "You will do it" 2. "You have done a great job"...
 
29 referals 1 comments, 105 views
Anna Hazare Ends Latest Fast The United Progressive Alliance government heaved a huge sigh of...
 
87 referals 7 comments, 196 views
In many ways, a manager has to be a leader, so therefore a manager will have many of the traits...
 
58 referals 24 comments, 319 views
more...  
More From Author
It is seen that global luxury brands are more to satiate their appetite. Leading international luxury names such as Zegna, Hermes and Canali have chosen India as the face of their global advertising campaigns. Many Indian places and locations ...
Referring to Sudhansu Jena's creation of idea contest on 'which brands are on top of your minds?' - http://toostep.com/idea/which-brands-are-on-top-of-your-mind-and-why I created this to know about brand attachment where people consume brand /...
These brand tribes can help marketers better understand how to target Indian consumers. Indians obviously are the most sought-after consumers in the world today. All multinational and home-grown brands are jostling for their attention and money....
more...