Logistics and Supply Chains.docx - Logistics and Supply Chains Table of Contents INTRODUCTION.1 1 Significance of effective supply chain management in

Logistics and Supply Chains.docx - Logistics and Supply...

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Logistics and Supply Chains
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Table of Contents INTRODUCTION ...................................................................................................................... 1 1. Significance of effective supply chain management in attaining business goals ............ 1 2) Link between different business functions and supply chain management of McDonald and ENI .................................................................................................................................. 3 3) Key drivers for achieving an integrated supply chain strategy within McDonald and ENI ......................................................................................................................................... 4 4) Evaluating effectiveness in strategies used by McDonald and ENI to maintain relationship with suppliers ..................................................................................................... 6 5) Assessment of IT in integrating different parts of supply chain ........................................ 7 6) Comparing McDonald and ENI supply chain management .............................................. 8 CONCLUSION ........................................................................................................................ 10 REFERENCES ......................................................................................................................... 11
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INTRODUCTION Supply chain management is the managerial practices that incorporates wide range of activities which are require to plan, manage and initiate flow of goods and services. In present globalised economy, supply chain management plays significant role in promulgating products and services of organisations (Jacobs et al., 2014). This report will focus on exemplifying the significance of supply chain management in accomplishing objectives of business organisations with reference to McDonald (food industry player) and ENI S.p.A (Oil Industry company). Furthermore, the nexus between supply chain management with other business functions will be discussed in the report. A detail analysis will be made that will be offer deeper insights regarding how both the organisations utilises its supply chain to the fullest. The report will uncover significance of information technology in enhancing supply chain management practices. Eventually, distinction between supply chain methods used by both the organisation will be made. This report will provide information regarding the existing supply chain management practices used by both the firms, which helps management to understand and enhance their practices effectively. 1. Significance of effective supply chain management in attaining business goals Supply chain management incorporates strategic planning, managing and executing the process which involves streamlining materials, information, goods, monetary capital in domains which extensively includes demand planning, production, storage, sourcing, inventory management and transportation or logistics. Indeed, effective supply chain became vital organ of organisation that allows it to thrive in the present competitive scenario (Mangan et al., 2016a). Effective supply chain helps in reducing the obstructions an organisation faced from the process of procurement to distribution of goods and services. In 1
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contrast with this statement the significance of supply chain management in attain business objectives of both McDonald and ENI is discussed below: Importance of Supply Chain Management Enhancing Customer Service: In order to thrive in competitive global markets, satisfying consumers is very crucial for firms. The business objective of McDonald is to “provide quality food at effective price value in an amicable, loving environment as well as providing alluring benefits to both shareholders and stakeholders of company.”
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