1 INTRODUCTION AND THESIS OBJECTIVES
Supply chain can be defined as co-operation of various business entities which contain suppliers (acquire raw materials), manufacturers (creation of these raw materials to finished goods), distributors (circulate the finished goods to retailers) and retailers (sell it to final customers). These business entities are connected by transportation, storage facilities and they are incorporated through information, planning and integrated activities.
As demonstrated in Figure 1, supply chain can be segmented into two main processes; (1) The production planning and Inventory control which comprises of the suppliers of the raw materials, manufacturer of the goods, then the storage facility and (2) The distribution and logistics which starts from the storage facility to the distributors and the retailers. These processes are combined together to form an efficient supply chain. The extent of impact of supply chain depends on the design procedure and management of these processes.
The objective of supply chain is to create an efficient product line i.e. the right product, the right price, the right store, the right quantity, the right customer and the right time. Efficient supply chain also helps in expanding width/depth of distribution, reduces the transportation cost, reduces warehouse cost, improve the quality of goods, minimizing the time and maximize overall value generated by the right timing and quality. (Beamon 1998, p. 281-294)
Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.
Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.