Supply Chain Management, Sales, Inventory, Finance and Human Resources of CVS Caremark Free Essay Example, 2500 words

As CVS is essentially a trading company with a variety of products it will be wise to implement the following modules of SAP. SAP for Consumer Products allows consumer products companies to respond to market challenges and changes in consumer demand by providing consumer insights and the ability to act fast so they can drive innovation, integrate sales and marketing, and establish a demand-driven supply network. (SAP Website). Customer demand or projections generate orders and it is the functionality of the Marketing module to assist the generation of orders as per requirements of different sales outlets. The information will be centrally controlled and will collect requirements of each Selling outlet on a daily/weekly/monthly basis; as may be decided by company policy. The flexibility allows for covering different types and categories of fast-moving slow moving and complimentary items. This will also take into account historic movements of products and will project demands based o n a periodic or seasonal basis to ensure that optimum quantities are ordered for best price and availability benefits. This will cover purchase, inventory management, supplier management, and logistics. We will write a custom essay sample on Supply Chain Management, Sales, Inventory, Finance and Human Resources of CVS Caremark or any topic specifically for you Only $17.96 $11.86/pageorder now As soon as orders are generated they are marked for specific suppliers, if they have been pre-selected, or will project best possible suppliers based on their previous records of dealing with the company. Over a period of time, the company can collaborate with specific suppliers to develop a supply chain that will react automatically to demands and will prepare itself for service and delivery according to projections. The suppliers can be included in the module by offering them limited access to areas of information that helps them to plan their own activities related to CVS. Such collaborations will help in cost reductions and maintenance of targets and timelines across various partners. This can also include logistic companies, third party suppliers who can also organize their own warehousing, etc to create an efficient network aimed at cost reduction, quality improvement and lower working capital requirements resulting from better inventory manag ement.