Free Supply Management Essay Sample
Supply management refers to the systematic and strategic coordination of the business functions and techniques across the business departments in relation to other partners in the same or different fields. The primary functions of a supply chain include the inventory management, distribution, payment, financial, supplier, transportation and customer service management. This essay seeks to build a framework in which the solid continuous planning and well-organized delivery infrastructure form the foundation of a successful supply chain. This essay intends to examine the differences and similarities of a smart phone and breakfast cereal distribution network.
As a point of departure, anycompany that needs to excel in increasing its market niche and product sales should ensure that its supply management system is superb in terms of efficiency. The correlation between increased market niche, product sales and the effective supply management is positive. This implies that, a company should invest adequate resources in ensuring that operations that depend on the supply management system is effectively executed within the required time. In most cases, the issue of time management and avoidance of delays is the foremost challenge that faces most organizations. This brings us to the discussion of the supply management that relates to the Smart Phone and Breakfast cereals
The supply management for smart phone must be one that is full of complexities due to the multifaceted attributes that relates to the transport, distribution and planning. An effective supply management for the smart phone is characterized by an extensive and collaborative value chain. This is a critical component of a supply management that can enhance a company’s success. A supply management system that is attributed to the smart phone’s success in terms of distribution and expanding the market niche should have a strong link between other value chains. This can be in three primary levels, which include across the value chains, across functions and beyond the value chain. When a consideration is done on the association amongst the three organs of a supply chain, one realizes that, the Smart phone supply infrastructure is complex and if applied properly, will increase the value of the company in terms of the general added value of the company. In addition, the Smart phone supply chain management section of the distribution network is totally different from that of the breakfast cereals in terms of the numerous channels that conjoin in particular points connected to the general market, and this makes the supply chain more effectively, because the products reach the consumers in the market. It is realizable that, the breakfast cereals channels in most cases, are small and hence do not conform to the largely supported applications. The smart phone supply management’s effective work is attributed to the vast internal networks between the activities and functions. This makes the Smart supply a bit complex.
On the other hand, there are numerous similarities that exist between the breakfast cereals and the smart phone. Some of them include the use of Just-In-time Inventory management Technique. This technique is good in ensuring that the management mix works in harmony to ensure that, the correct product reaches the consumer at the correct place and at the right time. The Just –in time Inventory Management Technique focuses on the aspects of cost effective systems, which have helped companies to increase in sales and the market base. This similarity tells us that, the technique is well known and it is effective in cases of distributing Smart phones and Breakfirst Cereals.
The other similarity is the use of technology in supporting the distribution of products and reaching the client base during advertising of new products. The two products aim at reaching the clients in the market. The best thing about, the two products is that both products have a distinct market milieu, which easily identifiable. However, the problem with a distinct market is that the rival firms get their way into the market easily and may be in a good way, if they have superior surplus management. The use of technology is well incorporated with the firm’s strategy. In essence, with the Smart phone’s strategy, the firm desires to cover a wide range of market either both new and old clients. The firm ensures to continually expand its market niche and sustain the present base. This calls for a clear cut approach to change a strategy to incorporate technological applications into the supply management. The necessity of this technologically attributed supply management system is to use the online apps to reach the clientele that are internet savvy. To create such apps, a firm has to consider the size of the clientele niche it occupies and the size it needs to occupy.
In conclusion, any company that needs to excel in increasing its market niche and product sales should ensure that its supply management system is superb in terms of efficiency. The correlation between increased market niche, product sales and the effective supply management is positive.