Supply chain management is generally based on the aspect that almost all the products that are received from markets are the result of various efforts of a huge number of organizations that contribute and make a supply chain. Although the concept of the supply chain is not new and it had existed for decades, but only a few companies had been successful in implementing it such a long time back. The rising change of next and same-day delivery has created a standard of demand that puts a new kind of pressure on businesses that affects how an organization strategizes the overall supply chain process to sustain the market competitiveness. This high increase of demand from the consumers affects the supply chain process more as the organization also focuses to provide more possibilities to continue. This blog has mainly focused on the risks of supply chain management of a business firm. It has taken KFC to provide some real-life examples. Through this blog, online tuition has tried to explain every detail of KFC.
A supply chain could be stated as a particular network of organizations, activities, individuals, resources, technologies, activities, and some more aspects that are involved in the process of manufacturing as well as sales of a certain service or product. A supply chain is known for being initiated when the delivery process of the raw materials is carried out from a particular supplier to the manufacturer, this chain is known to end when the delivery of product or service is carried out by the organization to the desired customer. Supply chain management is known for overseeing every touch point of an organization's service or product. This starts from the initial creation to the last sale. There are various aspects throughout the supply chain that could contribute to adding value true to improving efficiency; they could also lose value by increasing the expenses of the process. Effective supply chain management is known for increasing revenues, decreasing the overall cost invested along with influencing the organization's bottom line. As it is one of the major parts of any business organization, thus it is more important to know its risks and challenges. Hence, online tuition has decided to conduct research on it. KFC has been chosen here to provide some real-life examples. Thus, the blog topic can be mentioned as “risk in supply chain management of KFC”.
Background of KFC by online tuition classes
Supply chain management could be stated as a play strategy of management that includes the flow of services as well as goods along with various processes that are involved in transforming various raw materials into products. This process involves the procedure of active streamlining of the supply side activities of a business in order to maximize the values of the customer along with gaining a certain level of competitive advantage within the marketplace. Supply chain management is known for presenting the efforts that are carried out by the suppliers in order to develop as well as implement the supply chains that are efficient as well as economical in nature. Supply chains are known for covering everything including the production and development of products along with various information systems that are required for or directing various undertakings briefed by online tuition classes.
Generally, supply chain management contributes to controlling as well as linking the production process, distribution, and shipment of a certain product or service. With the help of the supply chain, management organizations are allowed to cut excessive costs along with delivering their products to the target customer at a faster rate. This is generally carried out with the help of keeping a tight control on various internal inventories, distribution, and internal production, inventories of the organizational vendors, sales, and many more aspects.
Case study and other selected details by online tuition from India
The case organization that has been selected in this vegetation includes KFC in the United Kingdom. KFC stands for Kentucky Fried Chicken. This organization had become very popular in some decades. There are a huge number of subsidiaries as well as a change of stores across the world operating under KFC. The organization not only concentrates on expanding their business they also ensure that their customers like their products. As a result, customers have a very good review regarding the operations of the organization. The popularity of the organization explained by online tuition from India had been the major reason for choosing the organization in order to carry out a detailed overview of the supply chain utilized by them along with methods and procedures that exists within the organization. Apart from this, there are numerous orientations to the chosen organization, because KFC has a huge number of outlets in a particular country, it is vital to focus on the supply chain management of the organization thoroughly.
However, the aim of the blog by best online tuition classes in India is to identify the risks associated to supply chain management and to determine solutions to them so that the operation of an organization like KFC can be continued uninterruptedly.