SUPPLY CHAIN MANAGEMENT

Supply Chain Management



Acknowledgement

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DECLARATION

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Abstract

This report is based on the basic concepts of Supply Chain Management (SCM). Some benefits of SCM are discussed in this paper as well as its role in several industries especially in UAE market. As outsourcing has become a major tool of supply chain, therefore the role of 3PL and its impact on modern businesses of UAE are also discussed in this paper. The topic deals with the basic examples of UAE market. The costs and advantages associated with 3PL is also a part of this paper. Some key issues in implementing the practices of 3PL in UAE market are also discussed with several examples. Finally, some multinational firms which are operating globally were selected and discussed in the paper that how third party logistics suits them and made their businesses efficient and effective. The role of 3PL in UAE and its impact on the several businesses is also a part of this report.

Table of Content

Acknowledgementii

DECLARATIONiii

Abstractiv

Table of Contentv

Introduction1

Discussion1

Benefits of SCM2

Third party logistics (3PLs)3

Benefits of 3PLs6

Issues Related with 3PLs9

Costs of 3PLs12

Companies Suited for Implementation of 3PL13

Supply chain in UAE16

Conclusion20

References21

Introduction

The term SCM (Supply Chain Management) refers to tools and methods whose purpose is to improve and automate the supply through the reduction of inventories and delivery times. The term "just-in-time" characterized the concept of minimizing stock throughout the entire production chain.

It is a network of distribution facilities and facilities whose function is based on the raw material, converting them into intermediate and finished products for distribution in the market. In other words, it can be said that the management of supply chain focuses on three basic steps which includes the provision, manufacture and distribution. (Hopp & Spearman, 1996, p. 145)

Discussion

Supply chain management affects all factors of the shareholder value of a company which includes cost, customer service, productivity and revenues. In addition to the Strategic Planning, Supply Chain Management is the most popular methods for several operations of firms.

Nowadays, companies share the various tasks in the value chain, and around the globe. Despite huge tracks that cover the partial products, the companies jointly produce more and cheaper than a company that does the job alone. This happens because the dependence of firms rises with each other and due to the need for ever closer cooperation and more intensive exchange of information. (Viswanadham, 2000, p. 190)

The extreme strategic importance of supply chain management for the competitiveness of businesses is ...