Supply Chain Management and Business Functions of Colgate-Palmolive and Tyson (Research Paper Sample)

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centercenterStudent id Supply chain management8820090900Student id Supply chain management-4660902840990Colgate Analytical Review and Comparative Study with Tyson food Inc.020000Colgate Analytical Review and Comparative Study with Tyson food Inc.
Contents TOC \o "1-3" \h \z \u Introduction PAGEREF _Toc72531162 \h 2ANALYTICAL REVIEW PAGEREF _Toc72531163 \h 2Colgate Palmolive Supply chain System PAGEREF _Toc72531164 \h 2Importance of effective supply chain management in achieving the business objectives PAGEREF _Toc72531165 \h 2The link between supply chain management and the business functions PAGEREF _Toc72531166 \h 3key drivers for achieving an integrated supply chain strategy PAGEREF _Toc72531167 \h 4Pricing and Cycle Duration from Production to Consumer: PAGEREF _Toc72531168 \h 5key drivers to achieve efficiency and responsiveness PAGEREF _Toc72531169 \h 5Effective supplier relationship strategies PAGEREF _Toc72531170 \h 5Information technology integrating supply chain of Colgate PAGEREF _Toc72531171 \h 6Contribution of information technology to the management of the supply chain PAGEREF _Toc72531172 \h 6Food industry channels of Distribution PAGEREF _Toc72531173 \h 7Tyson Distribution Channel PAGEREF _Toc72531174 \h 7BENEFITS PAGEREF _Toc72531175 \h 7Comparing the supply chains of Tyson and Colgate PAGEREF _Toc72531176 \h 8Conclusion PAGEREF _Toc72531177 \h 9References PAGEREF _Toc72531178 \h 9
Introduction
The research is focusing on the study of Supply chain management adopted by the Food industry, Tyson, and Non-food industry Colgate Palmolive. Furthermore, the study will be discussed upon the supply chain strategies supported by the companies. Also, the study aims to develop an analytical review of Colgate products Oral Care and its business application of the supply chain. The discussion is further laid on the strategies of the supply chain, its effectiveness in the business objective, integrated supply chain strategy, supplier relationship, and information technology in supply chain management. At last, the report will be discussed upon the comparative study of Tyson and Colgate.
ANALYTICAL REVIEW
Colgate Palmolive Supply chain System
Colgate Palmolive is the leading FMCG company based in the US for 200 years. Their products are used by almost everyone in 220 countries. They have home care, personal care, and oral care products. Colgate Palmolive has proven itself to be the most manageable and well-maintained supply chain globally. They are making many efforts to be consistent in supplying the products to meet the consumer’s demands (Victor, 2019).
Importance of effective supply chain management in achieving the business objectives
An effective supply chain system helps the workers to work efficiently and to evolve with the change. The supply chain system must be monitored timely to make the product accessible in the market. When it comes to building an effective supply chain system manager must train the employees and create awareness to better achieve the objectives (‌Cato, 2020).
Currently, Colgate Palmolive is working on these supply chain objectives:
* Increasing supply chain’s visibility
* Automation of supply chain parts to manage effectively such as for material handling, they have collaborative robots.
* The engaging Information technology department
* Assessing training programs
* Implementing effective project plans (Hbs. Edu, 2017).
Colgate Palmolive is making a data-driven approach to its supply chain management. As it provides visibility to monitor the goods and information flow. The supply chain channel from manufacturing the products to delivering them to end consumers. Data driver is the effective supply chain management system. It also helps in building better supplier relations, controlling costs, secure the supply chain partners, and innovating in supply chain technology. An effective supply chain has many benefits such as improving the company's bottom line and delivery of products. It ensures the consistency in raw material for the arrival at manufacturing facility timely, sourcing materials, avoid the high cost and low profits (‌Gomez, 2019). Colgate supply chain objective and performance are achieved by product availability according to the consumer demands, Adoption of various supply chain strategies, and measuring the supply chain performance and relations with suppliers (‌Cato, 2020).
The link between supply chain management and the business functions
The data-based system is adopted by the company such as SAP for functioning the business operations. Through this link, Colgate Palmolive can integrate the resources information and customer demand effectively. It increases sales by boosting inventory and completing the orders properly. The supply chain management of Colgate has developed direct links with the production department for effective management of supplying products and resources at the distribution channel to incorporate with business functions.
The ERP system is linked with the SCM and other business functions (figure, 2). It has three functions to maintain the supplier relation, to manage the supply chain system, and getting information about the customer orders. It affects the link between business functions such as CRM systems and SCM. Coalgate Palmolive is making effective strategies to implement in the firm. As the information of the supply chain is more observable, it helps the company to complete orders timely and generate sales. It ensures the company’s decision to achieve the objectives successfully. To make effective decisions, the data system allows Colgate to have quick access to the information (Victor, 2019).
Figure 1, (Yildiz and Yercan, 2011)
key drivers for achieving an integrated supply chain strategy
Growth and Consistency:
Colgate Palmolive uses consistency in the supply chain process to improve the results. They invest in growth and make consistent efforts to drive productivity. Partners and customers collaborate in the growth of the company by communicating. Colgate has managed to deliver the products globally. For example, partners' business drivers collaborate for the development of new products and their supply. To make it successful they communicate with customers and teams.
Strong Financial power:
Colgate has strong financial