Coca Cola Supply Chain Management - 1425 Words

1.0 Introduction: How can we explain how important supply chain management is in the business industry? Many business go through the process of supply chain such as Public v Private Primary, Secondary, Tertiary sectors, Financial, Retailing, Manufacturing, Wholesale trades, Construction, Mining Quarrying/Farming, Services and Transport. Our lives moves and grows through supply chain management its part of a system in receiving our products, everyday goods, Raw materials, Packaging materials, Semi - finished goods, Finished goods , Machines spares, Services and Office Equipment. It can be defined as a process of arranging, preparing, applying and taking efficient control, by storing goods or services and taking information from the†¦show more content†¦JIT is used in repetitive manufacturing which means that products are manufactured repeatedly. JIT’s advantage in this case that it can reduce lead time as it can link manufacturing centers and create a balance between them so that th e process can be in order. http://personal.ashland.edu/~rjacobs/m503jit.html 4. Right Quantity: After ordering the supplies the next step will be defining the right quantity and quality. Miscalculation in approximating these statistics may affect the company in over- or under-supply. This would define the increase in holding costs. It is vital to define the right number, size weight of the product in order to identify the right quantity for us to meet the demand. This information is required in every stockroom and storage room, it can also help us define the type of transportation required. For coca cola who are sponsoring the Olympic 2012 it is crucial for them to provide the right amount of quantity of their products during this time. It cannot be too much or too little. Quantities can increase price requirements. 5. Right Quality: What is Quality? â€Å"Quality is whatever the customer says it is† - (Baily) It is what the customer will define the quality of the product or service. it is what any business is supposed to be aware of cause in the end it is all about what the customer requires and what they will purchase. Quality isn’t just about quality of the product it counts as quality of the appearance of theShow MoreRelatedCoca Cola And Inventory Forecasting1112 Words   |  5 Pages COCA COLA AND INVENTORY FORECASTING Name Submission Date Course Name Institutional Affiliation Introduction Coca-Cola is a multi-national corporation that has its headquartered in Georgia, Atlanta. The company involves itself in the business of beverage production. Subsidiary plants are located all over the world i.e. Asia, Africa, Europe, Australia and South America. 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