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    Demand Management: A Critical Component in Supply Chain

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    Effective planning is one of the tools that affect not only the profitability of the services/goods offered, but also the very existence of the company. In recent years, there has been a steady increase in the number of books published on the subject. It is also possible to observe the use of advanced techniques for forecasting demand. This paper analyses in detail demand shaping strategies and their impact on supply chain efficiency and presents possible tools for its management. The analysis concludes that the best tolls of demand management rely on specific needs and circumstances of a business

    Using 3rd -Party Logistics Services OR Developing Own Capability to Cater to ECommerce Demands - A comparative Analysis

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    Ecommerce is an inseparable part of modern global lifestyle, connecting people across international borders and enabling sellers to access global. Despite growing massively over the last couple of decades, its growth is far from over. In fact, the pandemic has acted as an accelerator and the growth momentum is continuing despite people returning to the conventional brick and mortar shops. Ecommerce innovations are constantly being rehashed and improved – especially after the global pandemic this transition is now innovating at a much faster pace. For responding to the ever-increasing demand for swifter yet efficient fulfillment of customer order along with timely shipment, a larger number of e- commerce businesses are turning towards third-party logistics or 3PL providers. While it offers them the freedom from the hassles of storing and delivering finished products to the end-users, the human resource that is therefore freed, can then focus on core competencies of the business thus allowing them to give attention to product development, innovation along with marketing and sales. There is always the risk of poor fulfillment and delayed shipments or goods getting damaged in transit which deteriorates customer satisfaction and company profitability. This article compares the use of third-party logistics (3PL) against building in-house capabilities and highlights the virtue of careful selection and employment of experienced 3PL in helping an enterprise ride the anticipated growth wave by offering cost advantages and flexibility

    The Impact of Russia-Ukraine War on Bangladesh’s Economy: A Supply Chain Perspective and Way Forward

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    Bangladesh’s economy is facing significant challenges restricting from the Russia-Ukraine conflict, intensified by its status as an oil-importing nation vulnerable to global oil price fluctuations. This study addresses the current perspectives and challenges which include inflationary pressures, trade imbalances, and disruptions in the supply chain, leading to increased expenditures for essential commodities. This research was developed through a systematic literature review based on secondary data, including online databases, journals, and review papers, etc. This exploratory study reveals that policymakers need to diversify energy sources, forge new trade partnerships, and implement measures to bolster economic resilience. The economic fallout from the conflict, surpassing the actual war in cost, has depleted the central bank's reserves, prompting austerity measures. The forex market experiences volatility, contributing to high trade deficits and the highest inflation rate in recent years. Bangladesh must address forex management challenges and formulate prudent policies for economic recovery. The conflict has disrupted global commodity markets, leading to inflationary pressures and increased costs for businesses in Bangladesh, especially larger organizations handling rising raw material costs and weak consumer demand. The rationale of this paper is to evaluate the literature on this aspect and apprehend the global demand, and supply of food and commodities, economic impacts in Bangladesh, challenges in global trade, trade relations, currency fluctuations, inflation, emergency price, and its consequences, recognize gaps and advocate future research itineraries. The paper offers a synopsis and appraisal of the overall economy of Bangladesh and finally navigates a way forward to the policymakers which would unlock further research to develop this sector

    Using Dynamic Stability Strategy to Counteract Rapid Changing Demand Considering Deterioration and Partial Backordering

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    In a real business world, the production plan must respond to quick changing market and keep production line stable. An optimal stepwise production strategy is derived with stable production rate for some period, and then changing to another stable production rate to response market change for the next period. The cost factors we considered in the model include the production setup cost, the production-variation cost, the carrying cost, the deteriorating cost, the backordering and the lost sale shortage cost. For demand that changes linearly or exponentially with time, an inventory model with partial backordering is developed. Finally, sensitivity analysis is carried out to investigate how changing parameters affect this system

    Enhancing Supply Chain Visibility in Large Enterprises: A Literature Review

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    Supply Chain Visibility has become an increasingly crucial aspect for large enterprises in today's global and interconnected business landscape. Achieving comprehensive visibility across multiple layers of the supply chain can significantly impact operational efficiency, cost optimization, customer satisfaction and trust. However, attaining supply chain visibility presents various challenges including fragmented data systems, interoperability issues, diverse supplier networks, data quality concerns, and geographical dispersion. Emerging technologies have a great potential to play key role in solving these challenges and facilitating improved supply chain visibility for enterprises. This study aims to provide insights that can inform and guide enterprises to effectively leverage the power of emerging technologies to gain better visibility into their supply chain operations. This paper is based on a comprehensive examination of 30 literary works to provide a thorough analysis of the subject matter. By synthesizing extant research, and practical case studies of large enterprises, the review has uncovered critical insights into the implications of supply chains visibility for both theory and practice in the field of supply chain management, particularly emphasizing the role of technology solutions and case studies. In addition, the integration of case studies provides concrete examples of how leading enterprises are leveraging technology to overcome visibility challenges and achieve operational excellence

    Evaluating Supply Chain Performance through Financial Metrics: A Study in a Manufacturing Industry

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    This empirical study is based on primary data emphasizing the importance of evaluating supply chain performance through financial metrics, each activity within the supply chain directly impacts both the top line and bottom line of a business. In today's challenging business environment, organizations must prioritize monitoring their financial performance to ensure enduring resilience. The economy of Bangladesh has encountered turbulence due to disruptions such as the aftermath of the COVID-19 pandemic and the ongoing global political unrest. These occurrences have significantly impacted the business landscape, resulting in uncertainties in both demand and supply, shifts in consumer purchasing patterns, and notable increases in the prices of essential commodities and raw materials, therefore, the overall cost of business has risen. This study investigates the consequences of various disruptions, both internal and external, on the economy, adversely affecting organizations. The ability of an organization to withstand such challenges depends on maintaining robust financial and operational performance. Given the persistent global upheaval, there is a compelling need for an innovative approach to enhance supply chain optimizations, overall operational efficiency, and meticulous budget control and variance analysis aligned with financial planning. This is crucial at a substantial level to ensure positive entries in the profit and loss account and maintain a healthy cash flow statement. This study is done based on twenty-four (24) manufacturing sectors of Bangladesh. To address these challenges, the study advocates an Integrated Supply Chain Performance Measurement (ISCPM) model. This model contributes to academia through a novel approach, demonstrating its effectiveness by employing ten attributes to evaluate supply chain performance, with a specific focus on the financial performance termed Financial Health (FH), an attribute to measure supply chain performance in an organization. The study further elaborates Financial Health attributes into five key Performance Measurement Index (PMI) which are Economic Performance, Cost, Budget Variance, Inventory, and Planning Variance —within the context of manufacturing operations, providing insights into various facets of their impact. The study significantly contributes to the industry for practitioners by bringing synergy into the framework and performance measurement attributes, ultimately adding value to the manufacturing industry

    Measuring the Broader Value Proposition of Digital Transformation in Supply Chains

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    The advent of digital transformation within supply chains heralds a new era of efficiency, innovation, and resilience. This paper explores the multifaceted impact of digital technologies—such as the Internet of Things (IoT), artificial intelligence (AI), blockchain, and cloud computing—on supply chain management. Through a comprehensive review of current literature, we identify the challenges and opportunities presented by digital transformation, emphasizing the importance of overcoming infrastructural constraints, skill gaps, and security concerns to harness the full potential of these technologies. Furthermore, we delve into the ethical considerations and social impacts, highlighting the imperative for sustainable and responsible practices in the digital age. The paper also forecasts future directions and emerging technologies, underscoring the need for supply chains to adapt to and capitalize on these advancements for sustainable growth and competitive advantage. Our analysis concludes that while digital transformation presents significant challenges, it also offers unparalleled opportunities for supply chains to become more agile, transparent, and customer centric. The successful integration of digital technologies not only enhances operational efficiency but also drives innovation, fosters sustainability, and strengthens resilience against global disruptions. This paper contributes to the ongoing discourse on digital transformation in supply chains, providing insights for academics, practitioners, and policymakers on navigating the complexities of this digital revolution

    Big Data and its Impact on Demand-Driven Material Requirements Planning

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    Integrating Big Data into Demand-Driven Material Requirements Planning (DDMRP) has become a game- changer in supply chain management. This study explores Big Data’s significant impact in the context of DDMRP. Big Data, sourced from various channels such as online transactions, sensor data, social interactions, and more, can transform demand forecasting, inventory management, and overall supply chain optimization. By allowing real-time data analysis and predictive modeling, organizations can make informed and agile decisions that drive cost reduction, inventory optimization, and improved customer service. However, implementing Big Data in DDMRP has its challenges, including data security and the need for advanced analytics capabilities. This research delves into the application, benefits, challenges, and impact of Big Data implementation in DDMRP. The study provides valuable insights for organizations seeking to leverage their potential. The findings underscore the significance of Big Data in reshaping supply chain strategies and enhancing the responsiveness of modern businesses in a dynamic market environment. The uniqueness of this paper lies in examining how Big Data, sourced from various channels, can revolutionize demand forecasting, inventory management, and overall supply chain optimization. The research also highlights the challenges of Big Data adoption in DDMRP, including data security and the need for advanced analytics capabilities

    Enhancing Supply Chain Management Performance Through E-CRM Implementation

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    This paper aims to explore practical ways in which Small and Medium Enterprises (SMEs), considering their limited resources and capabilities, can harness the benefits of E-Customer Relationship Management (E-CRM) to optimize and improve their Supply Chain Management (SCM) performance. An in- depth case study within a family SME demonstrates how E-CRM contributes to improving key elements of supply chain performance, including demand forecasting, inventory management, delivery routes, and returns management. The measured impact on customer satisfaction, delivery punctuality, order processing time, demand forecast accuracy, and inventory costs reaffirms the value of E-CRM in improving overall SCM performance. The contributions of the study include integrating E-CRM and SCM concepts, addressing implementation challenges, and offering valuable guidance for SMEs aiming to improve logistical performance through E-CRM

    Indonesian Local Learning Ecosystem in Energy Transition Era Ensure Wealth Stay in Local Economies

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    The aim of this study is to elaborate the impact of collaborative work among stakeholders in Indonesia upstream oil gas industry for create value through supply chain management by prioritizing local products. Challenges of local products are not only from qualities and quantities as per industrial demands, but also from sustainable principles that start applying by Upstream Oil Gas Industry. The implementation of sustainable principles is very important to ensure that Indonesia can fulfil the target of energy transition as mentioned on the Paris Agreement in 2015. In this moment, Indonesia oil and gas industry and supported by the Government of Indonesia already prepared the roadmap to support the energy transition by reducing emissions, applying new technology for CCU/CCUS, and emphasizing the crucial role of the supply chain sustainability. As part of supply chain management (SCM) sustainability principles, the government and industry need to prepare the local companies to support the energy transition target. The landscape of the Indonesian petroleum industry, focusing on specific regulations for local content improvement and their alignment with supply chain sustainability in the energy transition era. Indonesian oil and gas companies operate under Production Sharing Contracts (PSC) with the government. The PSC has agreed to target local content with the government during exploration and operation. To achieve this, local companies must enhance their capabilities through research and development (RD) to remain competitive and support decarbonization strategies without compromising local content and emissions reduction initiatives. This paper discusses, according to the research, local companies have limitations to get access of new technologies that will be implemented during energy transition era. Therefore, collaborative work among Government and Industries is required to ensure local companies can be ready by the time the energy transition begins. Overcoming the challenge and limitation, this paper belief that collaboration among Government, Oil Gas Company, Supporting Industries (Vendor), Financial and Education Institution in Indonesia during the energy transition has pivotal role. By fostering collaboration, embracing sustainability principles, and investing in research and development, stakeholders can create a thriving ecosystem that supports local economic growth and environmental stewardship. Successful development programs through collaboration are ultimately expected to enhance job creation for Indonesian citizens, addressing the needs of the country with large population like Indonesia

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