E-Logistics Assignment2 Essay Example | Topics and Well Written Essays - 3250 words

E-Logistics Assignment2 - Essay Example This role of SCM in organizational functioning continues to evolve, with the incorporation of advanced technologies and other innovations. These innovations optimize the SCM, thereby reaching the product and services to the clients aptly, thereby improving the efficiencies of the organizations. It will be applicable for all organization and that includes even the fictional ones like VF Brands global supply chain strategy. From the early times, VF brands has maximally used a mix of in-house manufacturing and as part of SCM, traditional arms-length sourcing arrangements. However, with certain problems arising in these sections, and importantly with many opportunities in the anvil, the company wants to try a third approach. Through this, Third approach, VF wants to build a closer cooperation and partnerships with its supplier base. Thus, the main purpose of this 'third way' approach is to create and actualize a relationship with its suppliers, which combines accomplishment of its goals, even while maintaining flexibility in sourcing. So, this paper will analyze this case of VF Design, focusing on the challenges of the ' Third-way Supply chain strategy, and then advising Chris Fraser on supply chain strategy. ... It largely deals with procurement and sales issues in an organization. Effective supply chain is a major requirement in all firms in order to remain relevant and competitive in the current market. Supply chain management can be defined as the process of finding raw materials for production of goods and services, manufacturing of the goods, transfer of the manufactured products to the customers including the middle-men and continued flow of communication among the parties involved. â€Å"Supply Chain Management is the designing and management of the process that will ensure that the Supply Chain will be effectively carried out across organizational boundaries so as to meet the requirements of the end customer.† (supplychainmanagement.in).This is applicable to VF Brands as well, as it has a current sustaining supply chain, but wants to develop a even more stronger and effective one. Supply chain management covers the flow of information, goods and finances between the organizati on and the supplier. All these flows are bidirectional that is, the flow can be from an organization to a supplier as well as a v to the organization. Figure 1.0 category of flows in supply chain management. A supply chain cannot be fully effective if there is no communication between the organization and the supplier. This communication can be in form of orders, feedback from customer, inquiry, announcement of new offers by the supplier, etc. Communication is a vital tool to maintain good business and client. A customer’s feedback can give a manufacturer new idea on improvement of a particular product, a customer can learn about a new product from the manufacturer via this critical mode. Business can not be complete without