Students will present the material in their written term project using PowerPoint slides. Presentations should be no more than five minutes. As students prepare their presentation, they should focus on the following:

• Organization and coverage of the content
• Developing PowerPoint slides
• Delivery quality

Supply Chain Management can take on a variety of meanings depending on the company. However, if I had to define Supply Chain Management in a nutshell, it is the flow of products from procurement to production. Then there's the delivery of those manufactured goods to the buyer.

SUPPLY CHAIN MANAGEMENT IS REQUIRED

From the definition, I believe it is evident that the supply chain aids in the end-to-end transportation of a company's goods. A corporation could lose billions of dollars if the supply chain isn't properly structured.

Global supply chain management is governed by a few fundamental aspects. Let's take a look at some of the most important components of a supply chain management system.

Product Movement: When creating an SCM model, the movement or work flow of the product is critical. To be successful in any firm, product movement must be carefully handled. To totally satisfy a customer's expectations, timely transportation of a product from one unit to another, adequate quality checks at each point, and speedy delivery are critical components. SCM must assist in the definition of the product transportation process.

Information Sharing and Communication: Inadequate communication in the workplace can lead to tragedy. While conducting business, the SCM model should be established with an acceptable flow of information movement from one point to another.

Timely Order to Delivery: From start to finish, the supply chain management model must adhere to strict timeframes. The success of an organisation is totally determined by the quality of the product delivery when it reaches the customer's hands. The SCM model must be fine-tuned from order processing to manufacturing, receiving, quality checks, and finally delivery to the client.

After-sales service: Performance management is a crucial factor to consider if you want to achieve long-term success. So that the service after delivery is well taken care of, the SCM model should have a method to conduct regular performance assessments and quality checks after delivery. When creating a supply chain management system, keep in mind that business expansion is constant.

Finance: Managing the organization's finances is also part of supply chain management. Accounts payable, inventory management, billing accuracy, and the ability to share expenses across facilities are just a few of the essential finance tasks that must be thoroughly specified in the SCM model.

Integrated Supply Chain Management: It is critical to strategically integrate diverse tasks inside the business or stakeholders in order to manage work flow and, as a result, the organization's success. To fulfil the organization's long-term purpose, the SCM model must effectively integrate functions and stakeholders. Supply Chain Management may provide numerous benefits to a firm and assist it in achieving its long-term objectives in order to achieve commercial success.

Amazon and "Ecommerce Platforms" are two examples.

Amazon's "online big box" model, which has surpassed Walmart as the world's largest retailer in the previous decade, is a superb illustration of distinct supply chains. As an e-commerce store, they obviously bypass the retail store and ship directly from the distribution centre to the customers' homes. Amazon innovates on the supplier side as well as in the last supply chain step - delivery.

Because Amazon is a platform rather than a store, anyone can sell items there. As a result, Amazon has more items than any other online retailer, and people think of Amazon when they shop online. Then it makes low-cost everyday goods and undercuts suppliers. Following that, their warehouses make extensive use of automation to group things bound for similar destinations for immediate transfer. Finally, its investments in delivery personnel and technology have made 2-day shipping and even same-day delivery a given.

Tesla and Specialized, Owner-Operated Chains are two examples.

Since Henry Ford employed assembly line manufacturing to speed up the production of a single car model in a single colour, automotive manufacturing has gone a long way. Tesla is now producing revolutionary, tremendously popular, and elegant automobiles directly in California, a location with extremely expensive real estate, at a time when even American carmakers are opening manufacturing abroad.

Rather than a long supply chain of low-cost part manufacturers, Tesla has a vertically integrated supply chain with a full-service auto plant near its corporate headquarters, as well as plans for a supplier park and a big battery factory, all of which Tesla owns. Even more intriguing is the company's digital supply chain, which involves pushing new firmware and algorithm updates to existing car owners through the cloud.