Supply Chain performance measures define the activities involved in meeting end-customer requirements, essential inventory, and on-time and in-full delivery in a responsive manner. Supply Chain performance measures can be functional indicators and end-to-end supply chain indicators. A supply chain is called efficient when it is well-organised and ensures perfect delivery of goods and services from…
Tag: Supply Chain Planning
What is Inventory Management?
Inventory Management refers to a process that deals with supply chain management, inventory control and demand forecasting. It is used for efficiently managing the regular flow of units into and out of a standing inventory. It is all about knowing what organisations have, where it’s stocked and how much they will need. Instruments of Inventory…
Decision Phases in Supply Chain Management (SCM)
Supply Chain Management (SCM) is a management practice that governs the movement of goods and services inside or outside the organisation. Effective SCM needs various decisions regarding the flow of information, products, and finances. SCM includes all methods that convert raw materials into finished goods, it comprises the designing, planning, executing, controlling and monitoring of…
Integrated Business Planning (IBP) and Sales & Operations Planning (S&OP)
The journey of business planning from ‘production planning’ to ‘Integrated Business Planning (IBP)’ involved multiple changes in methodologies, processes and decision-making frameworks. Sales and Operations Planning (S&OP) is one of the intermediate stages in this journey, while a collaborative IBP is a final stage (at least till now). IBP and S&OP are neither exactly like…
What do you need for successful IBP implementation?
Integrated Business Planning (IBP) is a process that helps organisations achieve process excellence by identifying the gap between business targets and strategy (top-down) and the most likely outcomes (bottom-up). IBP is a cyclic monthly process that enables collaborative business planning and departmental alignment through cross-functional inputs, this ensures a higher degree of coordination to improve…
Supply Chain Management
What is Supply Chain Management? A supply chain is a series of processes that transform raw materials into the final product. Supply chain management is a process by which organisations achieve an efficient and cost-effective supply chain. It can be defined as management of the flow of materials, products and services. It is the centralised…