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    Principles of Retailing

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    vinit Patidar
    Supply chain management (SCM) involves managing the flow of goods and services from raw materials to the final product. It aims to streamline business supply-side activities to maximize customer value. Good SCM can cut costs and deliver products faster by maintaining tight control over production, distribution, and vendor inventories. Key parts of SCM include developing a strategy, sourcing materials, production, delivery, and returns. Meeting consumer demand for same-day delivery requires optimizing the supply chain through assessing demands, using distributed order management, preparing warehouses effectively, and auditing the supply chain regularly.

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    Principles of Retailing

    Uploaded by

    vinit Patidar
    18 views10 pages
    Supply chain management (SCM) involves managing the flow of goods and services from raw materials to the final product. It aims to streamline business supply-side activities to maximize customer value. Good SCM can cut costs and deliver products faster by maintaining tight control over production, distribution, and vendor inventories. Key parts of SCM include developing a strategy, sourcing materials, production, delivery, and returns. Meeting consumer demand for same-day delivery requires optimizing the supply chain through assessing demands, using distributed order management, preparing warehouses effectively, and auditing the supply chain regularly.

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    Principles of Retailing Ppt

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    Supply chain management (SCM) involves managing the flow of goods and services from raw materials to the final product. It aims to streamline business supply-side activities to maximize customer value. Good SCM can cut costs and deliver products faster by maintaining tight control over production, distribution, and vendor inventories. Key parts of SCM include developing a strategy, sourcing materials, production, delivery, and returns. Meeting consumer demand for same-day delivery requires optimizing the supply chain through assessing demands, using distributed order management, preparing warehouses effectively, and auditing the supply chain regularly.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    18 views10 pages

    Principles of Retailing

    Uploaded by

    vinit Patidar
    Supply chain management (SCM) involves managing the flow of goods and services from raw materials to the final product. It aims to streamline business supply-side activities to maximize customer value. Good SCM can cut costs and deliver products faster by maintaining tight control over production, distribution, and vendor inventories. Key parts of SCM include developing a strategy, sourcing materials, production, delivery, and returns. Meeting consumer demand for same-day delivery requires optimizing the supply chain through assessing demands, using distributed order management, preparing warehouses effectively, and auditing the supply chain regularly.

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    Download as pptx, pdf, or txt
    of 10

    AMITY GLOBAL

    BUSINESS SCHOOL, INDORE

    Subject – Principles of Retailing

    Topic – Supply Chain Management (SCM) And Fast delivery


    System

    Submitted By
    Tanvi Rathore
    Yashi Managal
    MBA 1
    What Is Supply Chain Management (SCM)

    Supply chain management is the management of the


    flow of goods and services and includes all processes
    that transform raw materials into final products. It
    involves the active streamlining of a business's supply-
    side activities to maximize customer value and gain a
    competitive advantage in the marketplace.
    KEY TAKEAWAYS

     By managing the supply chain, companies can cut excess costs


    and deliver products to the consumer faster.
     Good supply chain management keeps companies out of the
    headlines and away from expensive recalls and lawsuits. 
     The five most critical elements of SCM are developing a
    strategy, sourcing raw materials, production, distribution, and
    returns.
     A supply chain manager is tasked with controlling and
    reducing costs and avoiding supply shortages.
    How Supply Chain Management (SCM) Works

    SCM attempts to centrally control or link the production,


    shipment, and distribution of a product. By managing the
    supply chain, companies can cut excess costs and deliver
    products to the consumer faster. This is done by keeping
    tighter control of internal inventories, internal production, 
    distribution, sales, and the inventories of company vendors.
    5 Parts of SCM

     The plan or strategy.


     The source (of raw materials or services)
     Manufacturing (focused on productivity and

    efficiency).
     Delivery and logistics.
     The return system (for defective or unwanted

    products).
    Key Benefits of Supply Chain Management for the Retail Industry

     An efficient supply chain management helps reduce the lead


    time, thereby making products readily – accessible to the
    clients.
     With an efficient supply chain, merchants can provide a
    diversity of product mix at reasonable prices to the customers.
     Effectively managing the supply chain solutions can help
    conserve operational and transportation costs in the retailing
    market.
     The supply chain can boost customer satisfaction, if the
    quality is maintained throughout.
    Why Is Same-Day Delivery Crucial to
    Your Supply Chain?
    To meet consumer demand, retailers tend to offer options
    like same-day delivery, next-day delivery, and two-day
    delivery to customers. Thanks to services like Amazon
    Prime and Next Day Delivery by Walmart, today’s
    consumers can place an order on their phone and expect
    to receive it within 24 hours. A  worldwide survey
     revealed that 80% of consumers want their products
    delivered the same day.
    How to Optimize Your Supply Chain for
    Same-Day Deliveries?

     Assess realistic demands.


     Utilize distributed order management (DOM) systems.
     Prepare an effective warehouse.
     Ensure regular audits of the supply chain.
    Reference
     https://geo-viz.com/blog/key-benefits-of-supply
    -chain-management-for-the-retail-industry
    /
     https://www.toolbox.com/supplychain/supply-cha
    in-management/articles/how-to-optimize-your-s
    upply-chain-for-same-day-delivery
    /
     https://www.investopedia.com/terms/s/scm.asp
    THANK YOU

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