An Investigation into the Best Current Practice of Supply...

An Investigation into the Best Current Practice of Supply Chain Management This report documents an investigation into best current practice of Supply Chain Management. Various methods of materials procurement are outlined in addition to their relevance to examples in modern industry. The report discusses the ideal characteristics of a successful supply chain. From a traditional perspective, this has proven to be based around the development of strong inter-firm relationships among the participating organisations that make up the supply chain. Additionally, a detailed strategy of materials management is proposed for a manufacturer of earth moving equipment; JCB, and a digital camera manufacturer; Sony. Management Practice†¦show more content†¦This caused a change in relationships with suppliers from adversarial to ones promoting trust. In the 1970s, the advent of global competition created vast opportunities for new computer technology to be implemented into resource management. Thus Material Requirements Planning (MRP) came into its own. Many of the previously manual practices employed for manufacture and acquisition of materials were automated. This resulted in more efficient manufacturing operations in terms of labour for planning activities and better material control. This new method became widely accepted in the 1970s and allowed manufacturers to perform at higher levels of proficiency. Throughout the 1970s computers were being used on a broad scale for applications such as inventory control, order processing, purchasing and production planning. Organisations of the 1980s adopted a more relationship orientated approach to suppliers in order to compete against global competition and other environmental pressures. Companies formed strategic supply chain partnerships and alliances which enabled them to greatly i ncrease their efficiency. By the early 1980s, a standard model of an integrated business system for MRP was developed, which completely dominated the manufacturing industry for nearly 15 years. In this period, another methodology called DFT was developed by John Costanza while working for Hewlett Packard. This method of manufacturing was driven by customer demand,Show MoreRelatedThe Supplier Chain Operations Reference Model Essay1714 Words   |  7 PagesThe Supplier Chain Operations Reference model (SCOR) is a set of clearly defined, interconnected concepts used to evaluate and compare supply chain processes within an organization, industry or business sector. It was created by the Supply Chain Council in 1996 the year the council was organized. The Supply Chain Council is a global, non-profit trade association. In 2014 the Supply Chain Council merged with APICS a professional association of supply chain and operations management. 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