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procurement logistic and supply chain management - Coursework Example
Author : name51
Finance & Accounting
Pages 8 (2008 words)
Procurement Logistic and Supply Chain Management: British Consolidated Agricultural Machinery (BCAM) Introduction Traditional purchasing and logistics functions have evolved into a broader strategic approach to materials and distribution management known as supply chain management (Tan, 2001)…
Cooper et al (1997) mentioned that practitioners and educators have variously addressed the concept of supply chain management as an extension of logistics, or as an all-encompassing approach to business integration. BCAM is headed by James Irvine, Managing Director holding 40% of the shares while Tom Irvine is the Production Director with 25% shares in the company. The company was established 100 years ago by the Irvine family which came into existence during mass industrialization of UK agricultural sector manufacturing tractors and wide range of associated agricultural equipments like harvesters, balers, mowers and sprayers. Over these years, BCAM was able to build good reputation in the market but lacked innovation and neglected both product and market development failing which the company was not able to react to the demand and had to face stiff competition, mainly from Europe, USA and Far East. As supply chain management and procurement logistics are important in efficient, smooth and continuous functioning of the company, this paper critically analyses the supply chain management process of British Consolidated Agricultural Machinery (BCAM), its consequences on the operation and management of the company and evaluating different approaches of supply chain management to benefit the company in terms of improved procurement and supply chain management. ...