vayvay.docx - Soru 1 World Class Supply ManagementSM is the...

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Soru 1. World Class Supply ManagementSM is the philosophy of continuously improving the process of design, development, and management of an organization’s supply system, with the objective of improving the bottom line. The terminology of “world class” recognizes that companies compete in an existing or impending global environment. As a philosophy, World Class Supply ManagementSM spans functional boundaries and company borders. The philosophy of World Class Supply ManagementSM requires change driven by upper management to shift decision-making processes from an internal department or single company focus toward optimization of the supply chain. Through continuous improvement, World Class Supply ManagementSM is an ever-moving target that focuses on supply chain process improvement. World Class Supply ManagementSM requires the development and management of institutional trust. World Class Supply ManagementSM involves purchasing, but is far more strategic. A world-class supply manager is not departmentally or internally focused, but concentrates on proactively improving processes with the long-term goal of upgrading the competitive capability of the firm and the firm’s supply chain. Before getting on with the various components of WCSCM, we must understand the working definition of this term. It has to be understood that every company aims to make profits, which further results growth. World-class denotes to be able to sustain oneself, in this competitive market and at the same time make profits in the long run. For profit, a company got to sell its product at a cost higher than its costs, and at the same time offer its product through the supply chain at the competitive market place with a value for money. In actuality, worldclass denotes being able to provide the better value than the competition without going broke Management Level: The various tasks performed by them are: • Visionary: Has a set of managers who are continuously improving performance through leadership, coaching, vision, and motivation. They work towards eliminating of wastes and create competitiveness. The top management in such circumstances performs the role of a visionary force and the middle management involve in coaching and training the subordinates. The supervisory staff executes the role of facilitator and supporter of the employees in eliminating waste. • Policy Making: These companies use benchmarking methodologies to seek and evaluate the best policies and practices for setting agendas to tide over the old traditions and new set of thinking, to strive towards previously unreachable goals (Senge, 1990). • Long-term Strategies: They generally have a long-term strategic plan, defining the corporate activities, objectives, goals, and operational plans to add value to company’s products and services. The Tata Group is one such living example. • Human Resource Development: They generally involve their employees and their staff through extensive training programs for providing them the skills and knowledge base to achieve these policies and goals. It is a proven fact that if the employees are
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