Elaborate the seven Principles of SCM.

1.	Elaborate the seven Principles of SCM.
Answer» The seven principles of SCM are: 1. Segment customers based on the service needs of distinct groups and adapt the supply chain and serve segments profitably. 2. Customize the logistics network to the service requirements and profitably of customer segments. 3. Listen to market signals and align demand planning accordingly across the supply chain, ensuring consistent forecasts and optimal resource allocation. 4. Differentiates product closer to the customer and speed out version across the supply chain 5. Manage source of supply to reduce the total cost of owning materials and services. 6. Develop a supply chain wide technology that supports multiple level of decision making and gives a clear view to the flow of products, services and information. 7. Adopt channel spanning performance measures to gauge collective success in reaching the end user effectively and efficiently.

Answer»

The seven principles of SCM are:

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

2. Customize the logistics network to the service requirements and profitably of customer segments.

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

4. Differentiates product closer to the customer and speed out version across the supply chain

5. Manage source of supply to reduce the total cost of owning materials and services.

6. Develop a supply chain wide technology that supports multiple level of decision making and gives a clear view to the flow of products, services and information.

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

Discussion

No Comment Found

Related InterviewSolutions

What is the difference between multimolecular and macromolecular collids ? Give one example of each . How are associated colloids different from these two types of colloids ?
Gastrointestinal irritation, cardiovascular effects, including tachycardia,arrhythmias, and orthostatic hypotension, mental disturbances, and withdrawalare possible adverse effects of: A. Amantadine B. Benztropine C. Levodopa D. selegiline
Match the column I and IIColumn-IColumn-II(a)Parasitism(i)++(b)Commensalism(ii)+ –(c)Amensalism(iii)0 + (d)Mutualism(iv)0 –(1) (a) - iii, (b) - ii, (c) - iv, (d) - i (2) (a) - i, (b) - ii, (c) - iii, (d) - iv (3) (a) - ii, (b) - iii, (c) - i, (d) - iv (4) (a) - ii, (b) - iii, (c) - iv, (d) - i
Assertion: In commensalism, one organism is benefitted and other is unaffected Reason: Cattle egret bird and cattle is an example of commensalism (1) If both assertion and reason are true and reason is the correct explanation of assertion. (2) If both assertion and reason are true but reason is not the correct explanation of assertion. (3) If assertion is true but reason is false. (4) If both assertion and reason are false.
In charge of Calcutta Mint between 1832 to 1838, he studied and deciphered Ashokan rocks and pillars. His essays on antiquities are considered as classics. Hint: Varanasi. Who are we referring to?
Nature of climax community depends upon(A) Climate (B) Water (C) Soil fertility (D) Temperature
How do biofertilisers enrich the fertility of the soil?
Read carefully the passage and select the correct answer out of given four options:Biofertilizers are organisms that enrich nutrient quality of the soil. The important sources of biofertilizers are bacteria, fungi and cyanobacteria. The symbiotic association of Rhizobium with the root nodules of leguminous plants is the common example. These bacteria convert atmospheric nitrogen into nitrogenous compound and fix in the soil.The organisms which enrich the nutrient quality of the soil are called(a) Microbes(b) Biofertilizers(c) Yeast(d) Biopesticides
Electrophoresis is an essential procedure that needs to be employed in genetic fingerprinting why?
Assertion: Angiosperms form endosperm after fertilization and is diploid. Reason: In gymnosperms, endosperm is formed before fertilization and is triploid. a. Both assertion and reason are true, and reason is the correct explanation of assertion. b. Both assertion and reason are true, but reason is not the correct explanation of assertion. c. Assertion is true but reason is false. d. Both assertion and reason are false.