The Network Perspective of Supply Chain Risks to Support Group Decision Making in Fast Moving Consumer Goods in Middle East Region

2014 ◽  
pp. 254-261
Author(s):  
Karim Soliman ◽  
Shaofeng Liu ◽  
Dongping Song
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Middle East ◽  
Group Decision Making ◽  
Consumer Goods ◽  
Fast Moving ◽  
East Region ◽  
Fast Moving Consumer Goods ◽  
Supply Chain Risks ◽  
Middle East Region

scholarly journals Supply chain performance attributes for the fast moving consumer goods industry

2011 ◽  
Vol 5 (1) ◽  
Author(s):  
Madhu Bala ◽  
Dinesh Kumar
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Consumer Goods ◽  
Fast Moving ◽  
Research Paper ◽  
Supply Chain Performance ◽  
Product Categories ◽  
Fast Moving Consumer Goods ◽  
Operational Models ◽  
The One

This research paper identifies the supply chain performance attributes that are relevant to the Fast Moving Consumer Goods (FMCG) industry. The FMCG supply chains are analysed from the perspective of processes, components and typology. The typical issues faced by the FMCG supply chains are also explored. Three supply chain operational models are compared and identify SCOR as the one best suited for the FMCG industry. The survey, conducted with the respondents from four research cases across two product categories, demonstrates the acceptance and the usage of the performance attributes for the FMCG supply chains. The results also include the analysis of the typology of the research cases across two product categories.

scholarly journals Target Days versus Actual Days of Finished Goods Inventory in Fast Moving Consumer Goods

2017 ◽  
Vol 10 (6) ◽  
pp. 19
Author(s):  
Anthony Vaz ◽  
Shaheen Mansori
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Consumer Goods ◽  
Fast Moving ◽  
Chain Management ◽  
Human Needs ◽  
Fast Moving Consumer Goods ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Corporate Profits

In a bid to maximize corporate profits, many multi-national corporations and even small medium enterprises create many products and place them on shelves at hypermarkets or supermarkets. We can observe an abundance of stock keeping units on shelves as well as observe a variety of such finished goods held by various fast moving consumer goods industries in the home appliance, beverage, canned food, clothes, soft-drinks, cordials and  confectionery product ranges, just to name a few. From supplier, manufacturer, distributor, wholesaler and retailer, it appears that there is a constant flow of new products and stock keeping units held for these fast moving consumer goods. We can say that we humans are a rather wasteful species because a large proportion of products become obsolete or slow moving over time and organizations push products into the marketplace to gain competitive advantage and optimize profits. Hence, there is need to address this issue in the field of Supply Chain Management because resources on this planet are limited and we humans live in a very fragile planet. Yet, as population grows, we humans have become used to this over-abundance even though the resources within this planet are becoming more and more scarce. Consumption levels have increased with population growth and with capitalist thinking, virtually anybody can develop businesses that will create products to meet human needs. In the field of Supply Chain Management, managers set polices on when to order and how much to order and the average inventory that results from these inventory replenishment policies become targets. This paper attempts to compare target days of inventory with actual days of inventory held in warehouses for a single organization with many warehouses/ stock keeping units, in an attempt to understand further approaches that can be used to improve inventory waste within supply chains.

scholarly journals Integrated Supply Chain Management in the Fast-Moving Consumer Goods Manufacturing Industry: A Review

2018 ◽  
Vol 10 (4(J)) ◽  
pp. 213-220
Author(s):  
Gabriel Oyebanjo OGUNLELA
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Customer Service ◽  
Consumer Goods ◽  
Fast Moving ◽  
Manufacturing Industry ◽  
Future Research ◽  
Chain Management ◽  
Fast Moving Consumer Goods ◽  
Integrated Supply Chain

A move towards integrated supply chain management (ISCM) in the various manufacturing industries, with the integration of the different associated processes involved, is gaining prominence as a tool for achieving competitive advantage over rival companies. Various studies have been carried out on ISCM globally, with possible problems affecting competitiveness and effective customer service identified as nonintegration, ranging from internal processes to suppliers. This paper reviewed literature on the application of ISCM in the Fast Moving Consumer Goods (FMCG) Manufacturing industry in Nigeria. This involved collecting, sorting, grouping and analysing of available papers to identify strengths and weaknesses and suggest the direction for future research. The review shows that, although some research has been conducted onISCM in the manufacturing industry, little has been done in the FMCG manufacturing industry globally, and in particular, ISCM is still in the initial stages of adoption in Nigeria. The aim of this review is to unearth the extent of application and implementation of ISCM in the FMCG industry in Nigeria, and advise on the status of ISCM and problems confronting its implementation and use. This paper posits that, based on the reviewed literature, there is a need for the FMCG manufacturing industry in Nigeria to implement ISCM, considering its importance as iterated by both academics and business managers. This review was carried out focusing on literature relating to ISCM in the FMCG Manufacturing industry and does not cover the entire manufacturing industry.  

scholarly journals Impact of Information Sharing and Forecast Combination on Fast-Moving-Consumer-Goods Demand Forecast Accuracy

Information ◽  
2019 ◽  
Vol 10 (8) ◽  
pp. 260 ◽  
Author(s):  
Dazhi Yang ◽  
Allan N. Zhang
Keyword(s):  
Supply Chain ◽  
Consumer Goods ◽  
Business Strategy ◽  
Fast Moving ◽  
A Priori ◽  
Forecast Accuracy ◽  
Forecast Combination ◽  
Demand Forecast ◽  
Combination Methods ◽  
Fast Moving Consumer Goods

This article empirically demonstrates the impacts of truthfully sharing forecast information and using forecast combinations in a fast-moving-consumer-goods (FMCG) supply chain. Although it is known a priori that sharing information improves the overall efficiency of a supply chain, information such as pricing or promotional strategy is often kept proprietary for competitive reasons. In this regard, it is herein shown that simply sharing the retail-level forecasts—this does not reveal the exact business strategy, due to the effect of omni-channel sales—yields nearly all the benefits of sharing all pertinent information that influences FMCG demand. In addition, various forecast combination methods are used to further stabilize the forecasts, in situations where multiple forecasting models are used during operation. In other words, it is shown that combining forecasts is less risky than “betting” on any component model.

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