SUPPLY CHAIN MANAGEMENT AT FUTURE GROUP INDUSTRY
,Contents
Introduction
,Supply chain management (SCM) is the oversight of materials, information, and
finances as they move in a process from supplier to manufacturer to wholesaler to
retailer to consumer. Supply chain management involves coordinating and
integrating these flows both within and among companies. It is said that the ultimate
goal of any effective supply chain management system is to reduce inventory (with
the assumption that products are available when needed). Supply chain
management flows can be divided into three main flows:
Supply chain management flows can be divided into three main flows:
The product flow
The information flow
The finances flow
The product flow includes the movement of goods from a supplier to a
customer, as well as any customer returns or service needs. The information
flow involves transmitting orders and updating the status of delivery. The
financial flow consists of credit terms, payment schedules, and consignment
and title ownership arrangements.
There are two main types of SCM software: planning applications and
execution applications. Planning applications use advanced algorithms to
determine the best way to fill an order. Execution applications track the
physical status of goods, the management of materials, and financial
information involving all parties.
Some SCM applications are based on open data models that support the
sharing of data both inside and outside the enterprise (this is called the
extended enterprise, and includes key suppliers, manufacturers, and end
customers of a specific company). This shared data may reside in diverse
database systems, or data warehouses, at several different sites and
companies.
By sharing this data "upstream" (with a company's suppliers) and
"downstream" (with a company's clients), SCM applications have the potential
to improve the time-to-market of products, reduce costs, and allow all parties
, in the supply chain to better manage current resources and plan for future
needs.
Increasing numbers of companies are turning to Web sites and Web-based
applications as part of the SCM solution. A number of major Web sites offer e-
procurement marketplaces where manufacturers can trade and even make auction
bids with suppliers.
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of
India's leading business houses with multiple businesses spanning across the
consumption space. While retail forms the core business activity of Future Group,
group subsidiaries are present in consumer finance, capital, insurance, leisure and
entertainment, brand development, retail real estate development, retail media and
logistics.
In the report we will study about the SCM of the Future group.
,Contents
Introduction
,Supply chain management (SCM) is the oversight of materials, information, and
finances as they move in a process from supplier to manufacturer to wholesaler to
retailer to consumer. Supply chain management involves coordinating and
integrating these flows both within and among companies. It is said that the ultimate
goal of any effective supply chain management system is to reduce inventory (with
the assumption that products are available when needed). Supply chain
management flows can be divided into three main flows:
Supply chain management flows can be divided into three main flows:
The product flow
The information flow
The finances flow
The product flow includes the movement of goods from a supplier to a
customer, as well as any customer returns or service needs. The information
flow involves transmitting orders and updating the status of delivery. The
financial flow consists of credit terms, payment schedules, and consignment
and title ownership arrangements.
There are two main types of SCM software: planning applications and
execution applications. Planning applications use advanced algorithms to
determine the best way to fill an order. Execution applications track the
physical status of goods, the management of materials, and financial
information involving all parties.
Some SCM applications are based on open data models that support the
sharing of data both inside and outside the enterprise (this is called the
extended enterprise, and includes key suppliers, manufacturers, and end
customers of a specific company). This shared data may reside in diverse
database systems, or data warehouses, at several different sites and
companies.
By sharing this data "upstream" (with a company's suppliers) and
"downstream" (with a company's clients), SCM applications have the potential
to improve the time-to-market of products, reduce costs, and allow all parties
, in the supply chain to better manage current resources and plan for future
needs.
Increasing numbers of companies are turning to Web sites and Web-based
applications as part of the SCM solution. A number of major Web sites offer e-
procurement marketplaces where manufacturers can trade and even make auction
bids with suppliers.
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of
India's leading business houses with multiple businesses spanning across the
consumption space. While retail forms the core business activity of Future Group,
group subsidiaries are present in consumer finance, capital, insurance, leisure and
entertainment, brand development, retail real estate development, retail media and
logistics.
In the report we will study about the SCM of the Future group.
