Excellent supply chain needs coordination among suppliers, manufacturers and distributors.
Nowadays, enterprises have to carry out excellent management over the supply chain of products and services, so as to make themselves stand out. The management of supply chain requires coordination among suppliers, manufacturers, distributors, retailers, and service vendors, in a bid to sell products and services to customers at appropriate times, locations and prices.
Supply chain management includes planning, procurement, manufacturing, logistics and other parts. Enterprises need a unified strategy to manage all resources and monitor the operation of supply chains. Prices should be fixed with raw material suppliers during the process of procurement, and timely delivery of raw materials should be ensured during transportation. It is also necessary to continue monitoring factories' efficiency and productivity during the manufacturing process, in a bid to guarantee the quality of products. After the goods are manufactured, they should be delivered to retailers via different means of transportation (for instance, vehicle fleets).
Besides the boundless creativity of its co-founder Steve Jobs, Apple was able to become the world's top smartphone manufacturer due to the excellent supply chain management by current CEO Tim Cook. Some even said that without such outstanding supply chain management, Apple will only be a good mobile phone maker, rather than become one of the world's most powerful companies.
Many enterprises nowadays are unable to link different points in the supply chain of products and services, often resulting in stockout or overstock. Meanwhile, Apple is able to substantially lift the inventory turns of its Asian branches from 25 times per year to 1,000 times, with almost no remaining inventory.Interested in this industry?