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Research Proposal Supply Chain Management Life Cycle Considerations of Supply Chain Strategies Suresh Yerra (9985337741)

This research proposal aims to propose a framework for understanding the dynamics of supply chains from the perspective of three important interrelated life cycles: 1) innovation, 2) market, and 3) location. The goal is to optimize supply chain priorities and maximize overall value, profitability, and efficiency while minimizing costs. The framework will analyze how these life cycles affect supply chain dynamics and location-dependent manufacturing strategies.

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Shireesha Yerra
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127 views

Research Proposal Supply Chain Management Life Cycle Considerations of Supply Chain Strategies Suresh Yerra (9985337741)

This research proposal aims to propose a framework for understanding the dynamics of supply chains from the perspective of three important interrelated life cycles: 1) innovation, 2) market, and 3) location. The goal is to optimize supply chain priorities and maximize overall value, profitability, and efficiency while minimizing costs. The framework will analyze how these life cycles affect supply chain dynamics and location-dependent manufacturing strategies.

Uploaded by

Shireesha Yerra
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Research Proposal

SUPPLY CHAIN MANAGEMENT

Life Cycle Considerations of Supply Chain Strategies

Suresh Yerra (9985337741)

Supply chain management is constantly evolving and there are always new trends and issues that
are of interest.

In modern organizational/corporate management, the area of Supply Chain Management


(SCM)has been considered as a competitive strategy for integrating suppliers and customers with
the objective of improving responsiveness and flexibility of manufacturing/service organizations.
The optimal design of supply chain is therefore a crucial issue of SCM researchers and
practitioners. An effective supply chain policy can reduce average holding inventory level as
well as expected cost. Significant advances have recently been made in the theory and in
applications under the drive of the inevitable prevailing trend of globalization and today’s
competitive knowledge-based economy. Undoubtedly, the introduction of e-commerce/e-
business has sped up this process simply because the flow of information is far too fast and
geographical boundaries with respect to the information flow become less and less important. On
the other hand, it is still essential to focus on the SCM as an integrated system with physical flow
of materials, manufacturing, planning and control, and physical distribution. The development of
models and approaches for SCM has become a challenging topic towards the optimization of
supply chain priorities.

Supply chain management operates at three levels; strategic, tactical and operational. At the
strategic level, company management makes high level strategic supply chain decisions that are
relevant to whole organization. The decisions that are made with regards to the supply chain
should reflect the overall corporate strategy that the organization is following.
The strategic supply chain processes that management has to decide upon will cover the breadth
of the supply chain. These include product development, customers, manufacturing, vendors and
logistics.

The goal of this research is to propose a framework for the dynamics of supply chain from a life
cycles point of view. It is inevitable for supply chains to be affected by the life cycles of the
product. There are three important interrelated life cycles that have effects on the dynamics of
supply chains and are associated with product. These are

1. The Innovation.

2. The Market.

3. The location.

The first life cycle related to the innovation illustrates how the product and production process
progress. It gives us a hint to consider the feasibility of the location dependent on the degree of
innovativeness of the product.

The second one related to the market clarifies the marketing objectives in each stage. It suggests
the reasonable location strategy.

The last one related to the location purposes the relation between the product and the reasonable
location of the manufacturing facilities.

Objectives:

1. To maximize the overall value generated. The value of a supply chain generated is the
difference between what the final product is worth to the customer and the effort the
supply chain expends in satisfying customer’s request.
2. To achieve maximum supply chain profitability. Supply chain profitability is the total
profit to be shared across all supply chain stages.
3. To reduce the supply chain costs to the minimum possible level.
4. To ensure smooth flow of material, information and financial between and among all
stages in supply chain to maximize total profitability.

Benefits of Supply Chain Management:


1. Increase in overall efficiency.
2. Fast order processing.
3. Reduction in cycle time.
4. Eliminate wastage.
5. Provides flexibility.
6. Provides competitive advantage.
7. Eliminate inventory quality problem.
8. It provides business intelligence tools like Data Mining etc.
9. Gives new ways to access the enterprise information for daily activities.
10. Enhances inter enterprise and intra enterprise coordination.
11. Strengthens firms relationships with suppliers, distributors, wholesalers, retailers.
12. Reduction in cost.
13. Order tracking made easy.
14. Quicker transportation of material to market.
15. Strategic relationships with suppliers.
16. More accurate order processing.
17. Demand forecast made easy.

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