It is very important for an organization to develop supply chain strategy as it creates value for the organization. The first step is to develop a supply chain strategy. For this the first step is to understand the business strategy. …
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b) Integration era – the integration era marked the use of Electronic Data Interchange (EDI) systems and Enterprise Resource Planning (ERP) systems. This era stressed on value added and cost reduction supply chain management through integration. c) Globalization era – the globalization era was characterized by the emergence of global system of vendors and suppliers and the expansion of supply chain over national and international boundaries. In this era, organizations aimed to attain competitive advantage by creating value added services and products. At the same time, it aimed to reduce costs through global sourcing. d) Specialization era (Phase I – Outsourced manufacturing and distribution) – this era saw the creation and development of the specialization model which composed of numerous individual supply chains specifically for products, suppliers and customers who worked together to manufacture, design, market, distribute, sell and service a particular product. e) Specialization era (Phase I – Supply chain management as a service) – the commencement of warehouse management, transport brokers and freight carriers has matured into the aspects of collaboration, supply planning, performance management and execution. All this was possible due to the breakthroughs achieved in technology. f) Supply Chain Management 2.0 – this terminology was coined to explain the changes within the supply chain industry and the evolution of methods, tools and processes used to manage resources now. It is very important for an organization to develop supply chain strategy as it creates value for the organization. The first step is to develop a supply chain strategy. For this the first step is to understand the business strategy. If the business strategy is to reduce costs, then the supply chain strategy must be developed to support the same. It is important to find out supply chain competencies and leverage them for the benefit of the organization. The next step is to access the extended supply chain. This is attained by conducting a realistic, detailed monitoring of capabilities existing within the firm and the extended supply chain. Once the assessment is complete it is very necessary to prioritize and review the recommendations, define the risks, validate the opportunities and the requirements for implementing the supply chain strategy. 2. Explore strategies used by organizations to develop and maintain effective supplier relationships: ? determine suitable strategies with regard to the development of relationships with suppliers, using appropriate web-based technologies ? evaluate the effectiveness of strategies used by an organization ? devise effective systems for relationship maintenance The breakthroughs achieved in web-based technology have made us realize the importance of information exchange that can play a vital part in the competitive strategies adopted by different organizations. It is possible to maintain good business to business and business to consumer supplier relationships by means of web based techniques. Extensive telecommunication networks are used to develop and maintain effective supplier relationships. Electronic trading is one such method which has effectively helped to maintain vendor relationships (Croom 2000). Another web based technique used to maintain effective supplier relationship is that of electronic warehouse management. It is now possible to inform a client well in
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There are four levels to a supply chain they include; networks of supply, distribution systems, internal supply chains and the eventual recipients of the products. The process encompasses the movement of funds, information, services and materials (Wisner 56).
The headquarters of the company is in Bentonville, Arkansas (Frank, 2006). Wal-Mart runs a chain of large discount department stores and warehouse stores all over the world and it is run by the Walton family, which owns 48% of Wal-Mart’s shares. Wal-Mart is conceivably one of the leading retail chains stores in the world.
It is important for the fashion and clothing retailers to explore and understand the changing trends and preferences in the market and respond to them on timely basis in order to survive and compete in the industry. In this case study analysis an attempt has been made to explore and investigate the issues faced by one of the leading clothing retailers in UK, Marks and Spencer (M&S).
Coca Cola offers soft drinks and beverages through 500 popular brands to its customers. The organization was founded in the year 1886. It is the largest global marketer, manufacturer and distributor of non-alcoholic syrups and beverage concentrates. The organization is currently operating in more than 200 countries.
A supply chain is the process of transferring goods from their points of origin to markets or to end consumers. A few decades back, supply chain management was given the least importance in organisations, but now firms have realised that efficient supply chain management results in satisfied customers, which in turn means more business.
The development and implementation of electricity, roads, rails, and communications systems provided ways in which supply was done. People and goods could be moved from their homes into factories.
During mass production era, the innovations were aimed at increasing
Supply chain management is the most effective tool in an organization as it does not only involve the supply elements alone (Ross, 2006). It stretches to all that information that accompanies the movement of the products to the consumers such as, order status information and
The term "supply chain management" entered the public domain when Keith Oliver, a consultant at Booz Allen Hamilton (now strategy&), used it in an interview for the Financial Times in 1982. The term was slow to take hold. It gained currency in the mid-1990s, when a flurry of articles and books came out on the subject.
In fact, the internet has grown to be a major distribution channel replacing the traditional costly means. In this regard, the internet has introduced a direct channel that is shorter and is often preferred by businesses and consumers. The
The author states that the approach to the management of production and logistics networks assumes that all the companies that take part in the process of deliver of commodities to the consumers are components of a network of supply chain. It includes all the aspects needed to satisfy customers while encompassing the determination of products.
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