What Is Supply Chain Management Know Its Different Types.docx

Article with Summary: 500 words Website: RK Foodland What Is Supply Chain Management? Know Its Different Types Supply chain management is the supervision of a network of interconnected companies that supply finished products and services to the end consumer. Supply chain management includes the administration of the processes of movement and storage of materials, semi-finished products, and finished products from the moment of production start to arrive at the customer. In some industries where the value proposition is based on low cost, high efficiency, a supply chain may be necessary. These include, for example, commercial commodities such as cement, iron, paper, supplies, and low-priced fashion clothing. In these business areas, it may be more efficient to use high-efficiency, rapid or continuous flow type supply chains, and you can do so by consulting supply chain companies in India. In sectors where demand uncertainty and therefore market mediation costs are high, companies can choose from the agile model, custom design, or flexible model. These models can be more efficient in adjusting capacity to changes in demand. Below are 6 major types of supply chain models: 1. The “efficient” supply chain model A highly efficient supply chain should be considered in markets where there is intense competition, where customers cannot see much difference between products, where many competitors are fighting for the same customers, and where the most effective weapon is price. It can be suitable for sectors such as cement and iron. Managers should focus on promoting efficiency from start to finish. 2. The “fast” supply chain model The constant short-lived trend is ideal for companies that develop new products and sell them at affordable prices. Clothing is a prime example of this. It is important for the customers to renew their product range as soon as possible. 3. The “continuous-flow” supply chain model It is used in companies where the information flow is smooth and the supply and demand are stable. For example, dairy products with a short life span and intermediate material products. Customer demands fluctuate very little. Production is done to keep it at the predetermined reorder point. 4. The “agile” supply chain model This type of model of supply chain management in India is more suitable for companies that produce customer-specific products such as packaging, display, chemical products. The demands are not clear. It works on an order basis. Competitive advantage lies in agile production and distribution capability. 5. The “custom-configured” supply chain model

Competition positioning shapes the product specific to the end consumer's request. As in computer sales places, the consumer can decide on the internal configuration at the point of sale while purchasing the product. In this case, the company should ensure that enough interior parts are available at the point of sale to meet the possibilities offered. But forecasting sales is quite difficult. 6. The “flexible” supply chain model It is ideal for companies with high demand peaks and long-term low sales. Rapid internal process change is required to meet customer needs. It is more applicable to service companies. For example, hospitals' emergencies, machinery manufacturers who provide spare parts service. A well-designed order entry process is critical to speeding up and understanding customer needs. Summary: Once your company identifies the factors that affect its business, it can establish one of the following 6 types of supply chains that will work most efficiently, matching those factors the most. By choosing and applying the most suitable supply chain with the help of top supply chain companies in India for your company, you can increase your efficiency, reduce your costs, increase your speed and enter a competitive position. Resource box: As a leading supply chain solutions company, RK Foodland is able to serve companies belonging to different industries. All thanks to the use of the latest technology and innovation, RK Foodland can assist you in managing your supply chain efficiently and effectively. So, there is no benefit in waiting, you should contact RK Foodland right now!