Supply Chain Management Essay

Arntzen, B. C., G. G. Brown, T. P. Harrison, L. L. Trafton. 1995. Global supply chain management at Digital Corporation. Interfaces 25(1) 69-93.

Supply chains must be managed to coordinate the inputs with the outputs in a firm to achieve the appropriate competitive priorities of the firm’s enterprise processes. The Internet offers firms an alternative to traditional methods for managing supply chains. A supply chain strategy is essential

Finally, there are those costs that are common to both global and domestic sourcing. Direct labor and materials costs, lead-time costs, transportation costs and inventory costs are a part of both domestic and offshore sourcing. Transportation costs, inventory costs, and lead-time costs tend to be higher when sourcing globally. On the

Supply Chain Management (SCM) aims at integrating all corporate activities to improve relationships at all levels (internal operations, supplier networks, and distribution channel) to meet the competitive edge and satisfy the customer. In order to build an effective and complete business process that supports SCM, information among all business partners need to be shared. Information sharing through the Internet reduces the gap for business-to-business (B2B) commerce by enabling seamless integration with enterprise processes among partner corporations.

Supply chain management (SCM) is the efficient management of the flows of material, data, and money in the supply chain. SCM software concentrates on improving decision making, forecasting, optimization, and analysis. The benefits of SCM have long been recognized in business, government, and the military. In today’s competitive business environment, efficient, effective supply chains are critical to survival and fully dependent on SCM software, which depends on up-to-date and accurate data. If the network goes down or data are outdated, those managing the supply chain are mostly working

Supply chain management based on two basic core ideas. One is that every single product, which influences an end user, characterizes the accumulative determination of manifold organizations essentially. These organizations mentioned too cooperatively as the supply chain. The second core idea is that the existence of supply chain is long term and many organizations only pay concentrated on what was happening inside their “four fortifications”. Supply chain management is the accomplishments for exhaust the possibilities of customer value and triumph competitive benefit.

Modern global integrated supply chains couldn’t be global or integrated without a modern technological infrastructure to act as both supply chains connective tissue and nervous system. While modern supply chain executives are expected to have a grasp of modern business technology, the thought of actually making technology related decisions can be scary for even the most senior executives. So, what should supply chain managers expect their system software and hardware to do for their supply chain? In this paper, I will talk about how online purchasing at McDonalds affect the technology and supply chain management (Carr, 2016).

According to O’Brien (2011), “supply chain management helps a company get the right products to the right place at the right time, in the proper order quantity and at an acceptable cost.” In recent years, companies have begun to restructure their supply chains to incorporate more technology that can be used not only by themselves, but also by their customers and suppliers. Technology is necessary to enable the increase in collaboration allowing internal systems to provide more visibility to different data views externally in a safe and efficient manner; therefore, allowing for greater analysis and decision-support for supply chain managers (Carter, 2007).

The topic of the research has been discussed that what actually supply chain management (SCM) is, where it is utilized and what its importance in a business are, and why it is necessary to go for a research in this field. Additionally, opinions of different authors has been given that how an organisation could reduce their costs on the basis of supply chain management and why should the managers reshape or reconstruct this section of their business and what will be the benefits of those changes.

     In the age of technology business has come a long way and evolved tremendously. It used to be that brick and mortar was the only way to open and run a business. However, the internet has changed all of that now businesses can use technology to reach customers and other businesses all over the world. This has caused a great surge in the world wide economy. In 2003 Business to Business (B2B) commerce tipped the scales at $1.41 Trillion. This is in comparison to Business to Consumer (B2C) that was $90.1 Billion (Naraine, R.2003). All of these purchases need to get transported and that is where businesses supply chains come in play. Contrary to popular belief the supply chains of B2B and B2C

Supply Chain is a system of organizations, people, activities, information and resources related to the transfer of products or services from suppliers (supply chains) to customers. Supply chain operations involve converting natural resources, raw materials and components into a finished product to be delivered to the end customer. In complex supply chain systems, the products used can re-enter the supply chain at any point where the residual value can be recycled. Supply chain links the value chain. Supply chain management includes all planning and management related to supply, procurement, conversion, and logistics management activities. Equally important is that it also involves coordination with partner channels such as vendors, intermediaries, third-party service providers, and customers. Essentially, supply chain management integrates supply and demand management within and outside the company. Supply chain management is an integrated function with the primary responsibility for connecting the core business functions and business processes within companies into a high-performance and engagement business model. It covers all of the logistics management activities outlined above, as well as manufacturing activities, and it promotes collaborative processes and activities with marketing, sales,

Supply chain management is a valuable practice whose purpose is to offer businesses a competitive advantage in the market place. According to Jacoby, D. (2010), some companies like Walmart and Dell have applied this system to gain a competitive advantage in the market while others have failed to apply it owing to its complexity. Companies require adequate and accurate information about all the players in the chain management in order for them to meet their consumers, demands while maintaining health relationships with their suppliers. Technology plays a pivotal role in availing such information, and as such, it is an effective tool for chain management. If done in the right way, then organizations will be ahead of the rest of the competitors in the market place. It is for this reason that organizations should invest in proper supply chain management in order for them to enhance their revenues while cutting on the costs.

Supply chains management (SCM) is one of popular concept in business administration both in practical areas and academic discipline. Supply chains management can be seen as a response to the changing of global market conditions. Level of uncertainty in almost every aspect of our life from political to economy, from natural disaster to advance technology has lead massive changes in global and local market. SCM then is one of the concepts used by both scholar and company to overcome the challenge of recent drastic market change (paconsulting.com n.d.).

Supply chain management is currently an important aspect in Management Information System. So much technology and brainpower have been used to improve the performance. In this decade electronic data interchange has made the process flexible, automatic warehousing and rapid logistics. Every organizations are trying to make their supply chain management more accurate using quick response, efficient customer response, mass customization, lean and agile manufacturing. (Fisher, 1997)

In this paper, it will discuss the challenges and opportunities associated with supply chain integration. Those opportunities and challenges include the push, pull, and push-pull supply chain systems, the impact of lead time, the impact of the Internet on supply chain strategies, e-business, and the impact on the grocery, book, retail, and transportation industries.