This website uses cookies to ensure you have the best experience. Learn more

5 Key Drivers Of Supply Chain Compliance And Why?

2074 words - 9 pages

5 key drivers of supply chain compliance and why?
The key drivers of supply chain management that determine the overall competitiveness and responsiveness of the organization relate to inventory, transportation, facilities and information. The complete supply chain is made up of many channel partners and many processes. Supply chain management encompasses several activities and partners. The forces which are responsible for making the supply chain effective are legislation, environmental, pricing, customer and social.
1. Legislation
Legislation is the most important drivers of supply chain; a firm should follow the legislation, or exit the market.
...view middle of the document...

“The influence of supply chain management competency on customer satisfaction and shareholder value.” Supply Chain Management 17.3 (2012): 249-262.
4. Allen Zaklad; Mcknight, Richard; Kosansky, Alan; Piermarini, Jim. “The Social Side Of The Supply Chain.” Industrial Engineer 36.2 (Feb 2004): 40-44.
5. Anderson, E.W. and Sullivan, M.W. (1993), "The antecedents and consequences of customer satisfaction for firms", Marketing Science, Vol. 12 No. 2, pp. 125-43.
6. Anderson, E.W., Fornell, C. and Rust, R.T. (1997), "Customer satisfaction, productivity, and profitability: differences between goods and services", Marketing Science, Vol. 16 No. 2, pp. 129-45.
7. http://webcache.googleusercontent.com/search?q=cache:_ViP_LzvFcQJ:www.driems.ac.in/mba/VISHLESHAK/Article%252010%2520-%2520KEY%2520DRIVERS%2520OF%2520SUPPLY%2520CHAIN%2520MANAGEMENT.pdf+&cd=4&hl=en&ct=clnk&gl=us
8. http://webcache.googleusercontent.com/search?q=cache:ScdOqkhwMMEJ:www.umflint.edu/~weli/courses/mgt581/project/driver.pdf+&cd=1&hl=en&ct=clnk&gl=us
2. Environmental
It is expected that more socially responsible firms may have systems in place to take into account environmental sustainability. Customers are demanding products consistently delivered faster and more reliably, which requires close coordination within the firm and with suppliers. Also, organizations sustained partially or completely by the government are generally expected to adhere to environmental concerns.
In an ideal situation there should be sufficient incentive for a business to take due care of environmental issues and there should be no need for externally imposed pressure, by legislation or by customer.
Reference:
1. Anderson, E.W. and Fornell, C. (2000), "Foundations of the American customer satisfaction index", Journal of Total Quality Management, Vol. 11 No. 7, pp. 869-82.
2. Fornell, C. (1992), "A national customer satisfaction barometer: the Swedish experience", Journal of Marketing, Vol. 56 No. 1, pp. 6-21.
3. Fornell, C. (1995), "The quality of economic output: empirical generalizations about its distribution and relationship to market share", Marketing Science, Vol. 14 No. 3, pp. 203-11.
4. Fornell, C., Rust, R.T. and Dekimpe, M.G. (2010), "The effect of customer satisfaction on consumer spending growth", Journal of Marketing Research, Vol. 47 No. 1, pp. 28-35.
5. Fornell, C., Johnson, M.D., Anderson, E.W., Cha, J. and Bryant, B.E. (1996), "The American customer satisfaction index: nature, purpose and findings", Journal of Marketing, Vol. 60 No. 4, pp. 7-18.
6. Olsen, L.L. and Johnson, M.D. (2003), "Service equity, satisfaction, and loyalty: from transaction specific to cumulative evaluations", Journal of Service Research, Vol. 5 No. 3, pp. 184-95.
7. http://webcache.googleusercontent.com/search?q=cache:_ViP_LzvFcQJ:www.driems.ac.in/mba/VISHLESHAK/Article%252010%2520-%2520KEY%2520DRIVERS%2520OF%2520SUPPLY%2520CHAIN%2520MANAGEMENT.pdf+&cd=4&hl=en&ct=clnk&gl=us ...

Other Papers Like 5 Key Drivers of Supply Chain Compliance and Why?

The Impact of Supply Chain in Businesses and Consumers

1252 words - 6 pages orders and sending the orders directly to the manufacturer who would send the order to a staging area where it would be packaged and shipped directly to the customer. Technology Technology plays a key role in maintaining a successful supply chain in one of the largest retail stores in the world. The amount of inventory and orders exceeds the capabilities and timeliness of paperwork in meeting customer needs. Wal-Mart invested in IT and

Supply Chain And Demand Model Essay

1004 words - 5 pages Learning Team Reflection: Supply Chain and Demand Model ECO/372 Learning Team Reflection: Supply Chain and Demand Model The topic that we are discussing is supply chain and demand model. We have learned many valuable tools over the past four weeks that has lead us to this topic. We learned about historical economic data, economic forecast data, aggregate demand and supply models. Each of these topics has aided us in

Logistics and Supply Chain Management

1191 words - 5 pages Topic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. In global markets, the effects and further developments of logistics and supply chain management for corporate success has increased

Fruits and Vegetables Supply Chain

3443 words - 14 pages An Analysis of the Fruits and Vegetables Supply Chain Abstract Fruits and vegetables provides your body with the essential vitamins and minerals that is needed to maintain your health. Introduction It is no surprise these days that people are trying to live a healthier life. In order to do so one has to alter their diet and add fruits and

Globalization of Supply Chain Management

1605 words - 7 pages CONTENTS 1.0 Introduction 2.0 Definition of Globalization in Supply Chain Management 3.0 Advantages of Globalization in Supply Chain Management 3.1 Reduced Cycle Time 3.2 Cost Competitive 3.3 Increase Sales, Profits 3.4 New Markets 3.5 Satisfy Shareholders 3.6 Learn From Others 4.0 Disadvantages of Globalization in Supply Chain Management 4.1 Inefficient and Undersized Transportation and Distribution Systems 4.2 Market Instability

Supply Chain Planning and Control

3010 words - 13 pages University of Hull | Supply Chain Planning and Control-Individual assignment: Pony Group | | | | 4/13/2013 | 56130 Model leader: Riccardo Mogre | Student number: 201100320 Word count: 2,662 Contents 1. Introduction 2 2. Section 1: Demand forecast 2 2.1. Moving average 2 2.2. Simple Exponential Smoothing 3 2.3. Holt’s Model 4 2.4. Winter’s Model 5 2.5. Demand forecast for XYZ 8 3. Section 2

Economic Geography and Supply Chain Evolvement

4944 words - 20 pages important for an industry to have a well-established supply chain. If the strategy of a company is to serve the customer and also compete in the local market they should have a better supply chain. HOW THE SUPPLY CHAIN WORKS To define the capabilities of a supply chain there are some factors to be in concern. Like some customers want high prices products whereas some are looking for low cost products. The main drivers to maintain a good

International Purchasing and Supply Chain Management

4020 words - 17 pages Executive Summary Apparel sector is the significant foreign exchange earning sector of Bangladesh which accounts majority portion of country’s GDP. Since it is a labour intensive sector, social compliance issues regarding workers and employees became the prime concern for the buyers and suppliers nowadays. The sourcing model of global apparel brands within its ethical purchasing and supply chain management functions have been critically

Supply Chain Coordination and Bullwhip Effect

2542 words - 11 pages elimination of the extra costs that affect the price of the product. However, the process of coordinating the supply chain is affected by a number of obstacles which reduces the effectiveness of the coordination process (Gupta & Mishra, 2012). Participants in a supply chain hold the key to its success, and this makes them important players whose inputs must be considered to eliminate the occurrence of variability and changes in the demand for the

Supply Chain in Oil and Gas

4244 words - 17 pages which gives a potential advantage by having a greater control over the chain (Gainsborough, 2006). “The oil and gas supply chain presents considerable challenges and opportunities for energy producers and logistics service providers—whether it's coordinating the transport of heavy equipment and drilling materials, managing the just-in-time requirements of drill sites, or ensuring safety compliance across the supply chain. By partnering with 3PL

Lush Cosmetics Supply Chain And Retail Management

1623 words - 7 pages to ensure stock levels are accurate and improving communication between retail stores and the warehouses. These developments have also lead to more accurate forecasting and the sourcing of key ingredients from suppliers. V. Logistics Logistics management is “the part of the supply chain that plans implements and controls the efficient effective forward and reverse flow and storage of goods services and related information between the point

Related Essays

Sustainable Packaging Market Forecast, Supply, Demand Value Chain, Drivers And Restraints (2016 2022)

1116 words - 5 pages razors, Dixie Egg Company, Wolfgang Puck Coffee, etc. has come up with amazing packaging formats. These packaging style, which would not only be eco-friendly, but also would grab eyes of the customer. Persistence Market Research 2 Sustainable Packaging Market - Forecast, Supply, Demand Value Chain, Drivers and Restraints (2016 - 2022) The key restraints for this industry could be over capacity. Owing to its cheaper price, non-bio degradable

Supply Chain And Rfid Essay

1851 words - 8 pages INTRODUCTION In this age of rapidly changing business environment, many organisations and business houses faces a constant pressure to continuously adapt and redefine their business process. One of the key processes in doing business whether big or small ranging from small grocery store to a big retail chain is the supply chain process. With the increase in exposure of the companies to the global environment, liberal trade policies, business

Supply Chain Of Samsung Essay

2940 words - 12 pages . There is intensive investment in market and advertising strategies because competition levels are very high. This strategy is followed by corporate giants with large amount of resources. Niche strategy- This is a special case of single segment strategy, when the segment is extremely small and/or non conventional. This is the exact opposite of mass marketing wherein the firm focuses on its key strengths which may have little or no universal

Customer Facing Supply Chain Practices The Impact Of Demand And Distribution Management On Supply Chain Success

1416 words - 6 pages potential for improvement lies in the area of DeM, and that improvements in this area will have a stronger overall impact on supply chain performance compared with DiM,” (p276). DeM adherence and demand segmentation proved to be the two strongest drivers of DeM performance, (p276). For DiM performance, DiM adherence and warehouse management proved to be the two strongest drivers, (p277). The authors did not find there to be a substantial or