SUPPLY CHAIN ADMINISTRATION IN FAST NOURISHMENT INDUSTRY

Supply Chain Management In Fast Food Industry

SUPPLY CHAIN MANAGEMENT IN FAST FOOD INDUSTRY

Introduction

Supply chain can be interrelated to a value chain. It is an entire process that provides value to the raw materials in producing the finished goods or service. In an operations management perspective, the role of a business organization is to transform raw materials into finished goods. (Engardio, Kripalani 2003)The finished goods must have more value in order to gain profit. A supply chain is thus considered as a web of interrelated processes, departments and processes to be able to transform raw materials into finished goods and deliver these to customers (Russell 2000). It involves all of the functions, activities and facilities that are included in producing a product from the supplier, brokerage, handling in of stocks to the warehouse, storage, delivery of the stocks, after sales management and inventory stock level monitoring. Because supply chain involves almost all functional unit of the business, its design must be lean and must be part of its strategy. One of the most known and important goal of supply chain management include on-time delivery of goods, healthy inventory levels and zero inventory management.To successfully expand local content, Fast Food Industry has to have an understanding of the needs of the petroleum sector and an objective baseline assessment of its own domestic capacity, both human and industrial/enterprise capability. At the time grocery was discovered, the U.K. was a leading industrial country with a well educated and technically trained workforce. The economy was well supplied with manufacturing, shipbuilding, and hotel firms. (Green 2001)

Discussion

Local content means value addition activities taking place in Fast Food Industry. In this sense, a 'Fast Food Industry' company is any company with ownership and/or infrastructure in Fast Food Industry that allows it to conduct manufacturing and service production in the country. Local value addition will then be directly linked to the magnitude of manufacturing and service production that is taking place in Fast Food Industry. Thus, two interrelated methods are needed, that both will contribute to localizedized capability expansion. One is to stimulate the development of indigenous businesses; the other is to boost foreign investments and participation. These two processes are key to how local content is increased by the collective and collaborative efforts of both the grocery and gas companies and the government. It takes both to build developed capability that will increase localized content in a viable and maintaining manner. As the world's fourth largest grocery exporter, Fast Food Industry's proven grocery reserves range from 25 to 35.2 billion barrels, with current production at close to 2.3 million barrels per day. (Russell 2000)In this paper we have highlighted the UK and Fast Food Industry supply chain performance and obstacles in the gas and grocery, and automotive industry.

Extent Of Subject Area And Scope

Yet, after decades of significant petroleum development, Fast Food Industry still relies on international grocery companies and foreign contractors for 95 percent of this ...