31-03-2011, 04:26 PM
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EXECUTIVE SUMMARY
Supply chain management can be simple or complex, but all supply Chains contain similar elements and are managed in a similar way. Logistics is the management of the flow of goods, information and other resources between the point of origin and the point of consumption in order to meet the requirements of consumers. Logistics involves the integration of information, transportation, inventory, warehousing, material-handling, and packaging, and occasionally security. Logistics is a channel of the supply chain which adds the value of time and place utility. Information, communication, cooperation and trust are keys to effective supply chain management.
Supply chain business process integration involves collaborative work between buyers and suppliers, joint product development, common systems and shared information. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory. 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.
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.
B2B MARKETING:
The company is undergoing many changes. More funds are being put into research, and the industry is getting bigger.
The company advertises its products and services on websites. Many researchers from the pharmaceutical industry look up information online. Pharma B2B benefits all its participants such as pharma traders, pharma manufacturers, pharma sellers, pharma suppliers, and others. Moreover, B2B also signifies a vibrant market place for business owners and a wide variety of connections and relations between them.
Pharma B2B helps pharmaceutical business owners to come on a single platform to discuss common issues and improve business relations. It provides a world wide platform for buying and selling as well as listing their products and services. Pharma B2B helps pharma business owners to get the best out of the Indian pharmaceutical industry. For pharma companies and industries in India, any pharma B2B setup helps them to:
• Supply their products to a widespread geographical market
• Access newer categories of potential buyers
• Communicate with supply chain managers around the world
• Locate alternative channels of buying
• Access quality customers
Moreover, pharma B2B also helps businesses on both sides of the table to converge and meet world wide pharma industry players and offer tailor made solutions for day to day business needs. Further, it offers a dedicated platform for promotion and communication of the pharma sellers' products to the prospective pharma buyers. Additionally, such a business platform provides an opportunity to buy and sell products and services that are about mutual business concerns. In this manner, they will be able to utilize optimal resources for the best way of promoting mutual business interests
At the same time, any pharma B2B setup provides suppliers an opportunity to offer their products and services to a wide geographical market. It also opens door to new categories of potential pharma buyers. Thus both pharma sellers and pharma buyers stand to benefit from this arrangement. Decision makers on both sides stand to gain from easy accessibility to supply chain managers located across a wide geographical area. Pharma buyers also gain from newer and more competent suppliers and get a better choice of sellers than the conventional ones. Thus, pharmaceutical industry members as well as pharma buyers, pharma sellers and pharma suppliers can be mutually benefited from a pharma B2B establishment. Such a concern can go a long way in establishing gainful relations in the pharmaceutical industry.
INTRODUCTION
A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm.
In a very simple supply chain for a single product, where raw material is procured from vendors, transformed into finished goods in a single step, and then transported to distribution centers, and ultimately, customers. Realistic supply chains have multiple end products with shared components, facilities and capacities. The flow of materials is not always along an arborescent network, various modes of transportation may be considered, and the bill of materials for the end items may be both deep and large.
Traditionally, marketing, distribution, planning, manufacturing, and the purchasing organizations along the supply chain operated independently. These organizations have their own objectives and these are often conflicting. Marketing's objective of high customer service and maximum sales dollars conflict with manufacturing and distribution goals. Many manufacturing operations are designed to maximize throughput and lower costs with little consideration for the impact on inventory levels and distribution capabilities. Purchasing contracts are often negotiated with very little information beyond historical buying patterns. The result of these factors is that there is not a single, integrated plan for the organization---there were as many plans as businesses. Clearly, there is a need for a mechanism through which these different functions can be integrated together. Supply chain management is a strategy through which such an integration can be achieved.
Supply chain management is typically viewed to lie between fully vertically integrated firms, where the entire material flow is owned by a single firm, and those where each channel member operates independently. Therefore coordination between the various players in the chain is key in its effective management.
Transportation Decisions
The mode choice aspect of these decisions are the more strategic ones. These are closely linked to the inventory decisions, since the best choice of mode is often found by trading-off the cost of using the particular mode of transport with the indirect cost of inventory associated with that mode. While air shipments may be fast, reliable, and warrant lesser safety stocks, they are expensive. Meanwhile shipping by sea or rail may be much cheaper, but they necessitate holding relatively large amounts of inventory to buffer against the inherent uncertainty associated with them. Therefore customer service levels, and geographic location play vital roles in such decisions. Since transportation is more than 30 percent of the logistics costs, operating efficiently makes good economic sense. Shipment sizes (consolidated bulk shipments versus Lot-for-Lot), routing and scheduling of equipment are key in effective management of the firm's transport strategy.
OBJECTIVES OF THE STUDY
• The main objective of the study is to analyze the overall management of logistics in the SynthoChirals Ltd.
• To examine supply chain management at SynthoChirals Ltd., during the Study period.
• To develop entrepreniual skills in supply chain management.
• To implement multiple replenishment techniques, including sequence delivery, supplier managed inventory, and scheduled delivery of the products.
• To reduce supply chain risks with access to up-to-date performance management information
• To improve data availability and data sharing by integrating functional and departmental business intelligence systems
• To increase customer service levels with global visibility of material flow throughout the supply chain.
To examine documentation for invoices, cargo insurance, letters of credit, ocean bills of lading or air waybills, and inspections
EXECUTIVE SUMMARY
Supply chain management can be simple or complex, but all supply Chains contain similar elements and are managed in a similar way. Logistics is the management of the flow of goods, information and other resources between the point of origin and the point of consumption in order to meet the requirements of consumers. Logistics involves the integration of information, transportation, inventory, warehousing, material-handling, and packaging, and occasionally security. Logistics is a channel of the supply chain which adds the value of time and place utility. Information, communication, cooperation and trust are keys to effective supply chain management.
Supply chain business process integration involves collaborative work between buyers and suppliers, joint product development, common systems and shared information. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory. 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.
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.
B2B MARKETING:
The company is undergoing many changes. More funds are being put into research, and the industry is getting bigger.
The company advertises its products and services on websites. Many researchers from the pharmaceutical industry look up information online. Pharma B2B benefits all its participants such as pharma traders, pharma manufacturers, pharma sellers, pharma suppliers, and others. Moreover, B2B also signifies a vibrant market place for business owners and a wide variety of connections and relations between them.
Pharma B2B helps pharmaceutical business owners to come on a single platform to discuss common issues and improve business relations. It provides a world wide platform for buying and selling as well as listing their products and services. Pharma B2B helps pharma business owners to get the best out of the Indian pharmaceutical industry. For pharma companies and industries in India, any pharma B2B setup helps them to:
• Supply their products to a widespread geographical market
• Access newer categories of potential buyers
• Communicate with supply chain managers around the world
• Locate alternative channels of buying
• Access quality customers
Moreover, pharma B2B also helps businesses on both sides of the table to converge and meet world wide pharma industry players and offer tailor made solutions for day to day business needs. Further, it offers a dedicated platform for promotion and communication of the pharma sellers' products to the prospective pharma buyers. Additionally, such a business platform provides an opportunity to buy and sell products and services that are about mutual business concerns. In this manner, they will be able to utilize optimal resources for the best way of promoting mutual business interests
At the same time, any pharma B2B setup provides suppliers an opportunity to offer their products and services to a wide geographical market. It also opens door to new categories of potential pharma buyers. Thus both pharma sellers and pharma buyers stand to benefit from this arrangement. Decision makers on both sides stand to gain from easy accessibility to supply chain managers located across a wide geographical area. Pharma buyers also gain from newer and more competent suppliers and get a better choice of sellers than the conventional ones. Thus, pharmaceutical industry members as well as pharma buyers, pharma sellers and pharma suppliers can be mutually benefited from a pharma B2B establishment. Such a concern can go a long way in establishing gainful relations in the pharmaceutical industry.
INTRODUCTION
A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm.
In a very simple supply chain for a single product, where raw material is procured from vendors, transformed into finished goods in a single step, and then transported to distribution centers, and ultimately, customers. Realistic supply chains have multiple end products with shared components, facilities and capacities. The flow of materials is not always along an arborescent network, various modes of transportation may be considered, and the bill of materials for the end items may be both deep and large.
Traditionally, marketing, distribution, planning, manufacturing, and the purchasing organizations along the supply chain operated independently. These organizations have their own objectives and these are often conflicting. Marketing's objective of high customer service and maximum sales dollars conflict with manufacturing and distribution goals. Many manufacturing operations are designed to maximize throughput and lower costs with little consideration for the impact on inventory levels and distribution capabilities. Purchasing contracts are often negotiated with very little information beyond historical buying patterns. The result of these factors is that there is not a single, integrated plan for the organization---there were as many plans as businesses. Clearly, there is a need for a mechanism through which these different functions can be integrated together. Supply chain management is a strategy through which such an integration can be achieved.
Supply chain management is typically viewed to lie between fully vertically integrated firms, where the entire material flow is owned by a single firm, and those where each channel member operates independently. Therefore coordination between the various players in the chain is key in its effective management.
Transportation Decisions
The mode choice aspect of these decisions are the more strategic ones. These are closely linked to the inventory decisions, since the best choice of mode is often found by trading-off the cost of using the particular mode of transport with the indirect cost of inventory associated with that mode. While air shipments may be fast, reliable, and warrant lesser safety stocks, they are expensive. Meanwhile shipping by sea or rail may be much cheaper, but they necessitate holding relatively large amounts of inventory to buffer against the inherent uncertainty associated with them. Therefore customer service levels, and geographic location play vital roles in such decisions. Since transportation is more than 30 percent of the logistics costs, operating efficiently makes good economic sense. Shipment sizes (consolidated bulk shipments versus Lot-for-Lot), routing and scheduling of equipment are key in effective management of the firm's transport strategy.
OBJECTIVES OF THE STUDY
• The main objective of the study is to analyze the overall management of logistics in the SynthoChirals Ltd.
• To examine supply chain management at SynthoChirals Ltd., during the Study period.
• To develop entrepreniual skills in supply chain management.
• To implement multiple replenishment techniques, including sequence delivery, supplier managed inventory, and scheduled delivery of the products.
• To reduce supply chain risks with access to up-to-date performance management information
• To improve data availability and data sharing by integrating functional and departmental business intelligence systems
• To increase customer service levels with global visibility of material flow throughout the supply chain.
To examine documentation for invoices, cargo insurance, letters of credit, ocean bills of lading or air waybills, and inspections
