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"Supply Chain Management is lifeline of Industry" what is ur opinion....................

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"Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by lokeshvijayvargy on Fri Sep 30, 2016 10:10 am

give ur comments on this line

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by vipla on Fri Sep 30, 2016 12:58 pm

I agree that "supply chain management is the lifeline of industry",as an effective supply chain management system can give businesses a competitive advantage in the marketplace and help mitigate risks associated with acquiring raw materials and delivering products or services. By implementing supply chain management systems, businesses are able reduce waste, overhead costs and shipping delays in a scientific way. The benefits of this systematic approach impacts areas ranging from product quality to order turn-around times,risk mitigation,shipping options,etc.

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by vipla on Fri Sep 30, 2016 12:59 pm

I agree that "supply chain management is the lifeline of industry",as an effective supply chain management system can give businesses a competitive advantage in the marketplace and help mitigate risks associated with acquiring raw materials and delivering products or services. By implementing supply chain management systems, businesses are able reduce waste, overhead costs and shipping delays in a scientific way. The benefits of this systematic approach impacts areas ranging from product quality to order turn-around times,risk mitigation,shipping options,etc.

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by gautamsurana on Fri Sep 30, 2016 10:24 pm

supply chain is the backbone of any organisation or company. scm consists of those activities which are essential that is transportation, warehouse, forecasting matching demand & supply etc. An effective supply chain management can make or break the functioning of any manufacturing company. there are so many news of companies having problems because they their scm was not up to the mark.
i totally agree with this statement. supply chain management is the lifeline of industry on which the whole working is dependable.

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by p15031 on Sat Oct 01, 2016 12:40 pm

Just like local train are lifeline of Mumbai, Supply Chain Management is the life line of industry. This kind of management has become very popular in society because of its sound relevance. Supply chain management and logistics are the processes that see the production of a product until it reaches the consumer. It is basically a system approach that tries to minimize the system wide cost and a successful SCM not only reduces uncertainty along the chain but also ensures proper inventory level in the chain. It helps in minimizing delays, eliminating rush, and aims at providing better customer service.

- Nimisha Kothari (P15031)

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by PRITAMSINGH on Sat Oct 01, 2016 4:47 pm

Yes,i totally agree "SCM is the supply chain of the industry"......Your supply chain is the lifeline of your business. How well your supply chain management services can adapt to changes, analyze trends and capture data can have huge impacts to your business. By choosing the right supply chain management services, you’ll be better positioned to expand your supply chain and dominate the market.

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Supply Chain is the lifeline of industry

Post by Vivek Singh on Sat Oct 01, 2016 10:52 pm

I agree that "supply chain management is the lifeline of industry". A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer. Any business cant be happen without it because Supply chain management is the integration of key business processes from end user through original suppliers that provide products, services, and information that add value for customers and other stakeholders.By implementing supply chain management systems, businesses are able reduce waste, overhead costs and shipping delays in a scientific way.

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by abhishek.tiwari on Wed Oct 05, 2016 3:58 pm

yes, i am strongly agree with this statement that supply chain is the lifeline of industry. Because without proper supply chain an industry can't work smoothly,effectively and efficiently.An effective supply chain management can make or break the functioning of any manufacturing company.Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customers.In absence of proper supply chain a manufacturing company can face huge problems and bear losses.if the supply chain of any organisation would be effective and smooth then ultimately firm will move towards profit.

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

Post by AnupamSharma on Fri Oct 07, 2016 12:15 am

Supply chain management is the lifeline of industry because efficient and effective supply chain management system can give an upper edge in this competitive environment. It is majorly used to reduce and remove the risk. This risk is in simple association with acquiring raw materials and delivering products or services. An effective supply chain management can make or break the functioning of any manufacturing company. there are so many news of companies having problems because they have not maintained their supply chain network in a better manner. By implementing supply chain management systems, businesses have become able to reduce waste, overhead costs and shipping delays in a scientific way. Also It helps in minimizing delays, eliminating rush, and aims at providing better customer service .

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Re: "Supply Chain Management is lifeline of Industry" what is ur opinion....................

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