Elements of Supply Chain management, E-Commerce Video Lecture | E-Commerce - B Com

greetings and welcome to the elements of
the supply chain presentation the supply
chain requires various functions to work
together to satisfy the customers needs
understanding those required elements is
key for you to succeed as a supply chain
management specialist this presentation
will discuss those elements and their
function within the supply chain to help
to make a company successful and
competitive within its given industry it
is already known that the supply chain
is a crucial part of the structure of an
organization equally important is the
understanding of the key elements of the
supply chain some supply chains are
simple that consist of a company
purchasing parts from a supplier and
selling those parts to a customer most
supply chains are more complex than this
the complexity of the supply chain
usually varies with the size of the
business and the steps required in
manufacturing their products the more
complex the supply chain the more
elements involved in fulfilling the
customer's order the elements of the
supply chain can vary all of the
elements are equally important to the
process every supply chain starts and
ends with a customer the customer is a
consumer or organization that purchases
and uses a product the occurrence of all
the events needed to fulfill the need
starts with the customer usually the
customer contacts a sales department of
the company this is usually done
verbally this is rare or over the
internet or with a printed order or a
purchase card the company then enters a
sales order for a specific quantity to
be delivered on a specific date
the next element of the supply chain is
planning once the customers order is
received the planning department will
create a production plan to fulfill the
order the manufacturing company also
called the producer is the organization
that makes a product the completion of
the planning creates a need to purchase
the raw materials required to make the
products
this element is called purchasing the
purchasing department is notified of the
raw materials and services needed an
order from manufacturing to produce the
items for the customers organizations
the purchasing department sends purchase
orders or a desire to purchase request
to selected suppliers the purchase order
gives a supplier permission to deliver
the necessary raw materials to the
manufacturing site on the required date
once the ordered items are received from
the supplier they are checked for
quality and accuracy then the items are
put into the warehouse at this point the
product becomes the inventory element
sometimes the inventory is stored until
needed and other times it goes directly
to the production floor to become part
of the completed product the next supply
chain element that comes into play is
production production is almost always
carried out based on the input from the
planning department the raw materials
inventory are moved to the production
floor to produce the final product after
the items have been produced they are
tested they are packaged if required
then move to the shipping area of the
warehouse transportation is the next
area of involvement with the supply
chain when the finished product is moved
to the shipping area the shipping
department determines the most efficient
and effective way to get the product to
the customer the goal is to get the
product to the customer the quickest
most economic and safest way possible
once the product is shipped to the
customer an invoice is produced and then
sent to the customer by the accounting
department another important part of the
supply chain this presentation has
revealed some of the key elements of the
supply chain
wellnot to supply chains flow exactly
the same way there are similarities
among them all the sign of a strong
supply chain is when there is a flow of
information from one element to another
each element has to be in tuned with
what is happening before their function
after their function and with all
functions involved as a supply chain
professional it is crucial to understand
each element of your organization and
the role they play in keeping your
organization customer focused and
successful thank you once again for your
time and attention and this is business
training com where you can earn a
master's level qualification to make
more money