This paper seeks to investigate these trends in supplier relationship management within the Retail Supply chain, and how retailers have adjusted their practices to be more competitive in the market place…
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Over the past few years, companies having been focusing on reducing the number of suppliers that they have so as to harness effective relationships that is build more on collaboration (Ponce-Cueto, Garcia-Sanchez, and Ortega-Mier, 2010: 111). Indeed supplier relationship which had in the past been ignored is presently growing to be an influential aspect of the retail supply chain and businesses as well. Lintukangas and Kahkonen (2010:107) show that supplier relationship which essential in connecting a business to the supplier network, is critical in increasing a firm’s competitiveness as the company is able to exploit synergies from such relationships. This increases the effectiveness of supplier relationship management thereby increasing business performance. Such views are also shared by Jiang, Henneberg and Naude (2012) who note that supplier relationship management which thrive in trusting and dependent environments are critical for the enhancing business objectives where the quality of such relationships determine level of trust. Problem Statement Though there have a wide array of research on how best to manage relationships within the supply in order to enhance the performance of an organizational (Olurunniwo et al, 2011; Leeman, 2010; Croxton et al, 2001), the evolving nature of the retail supply chain necessitates constant change in the way it is managed. Such changes that have over the recent past been impacting the supply chain include changes into multi-tier network of relationships, the increasing practice of outsourcing key supply chain processes within the retail sector and the impacts of the recession in the way the way that retailers carry their business and relate to the suppliers. This necessitates a study in this area into how such...
This essay approves that in analyzing data in this research study, repeated themes and ideas gathered from the interview answers will be identified in order to give meaning to the data collected. The data gotten will be constantly compared both with the reviewed literature and with other respondent’s answers in order to determine a pattern and meaning. Common elements within the smaller retailers will also be analysed and identified in order to understand what these have in common, while common elements, themes and ideas from the large retailers will also be analysed in order to be able to understand what these share.
This report makes a conclusion that it is not possible to explore and reach out to all the retail supply players and to relevant business entities since there are quite many businesses with different business operations. This follows the fact that the research focuses on retail supply chain which is crowded with diverse businesses. The research will therefore have some bias in a way as regards reaching out to particular relevant businesses. In addition, the research will cover only one specific geographic region and therefore may not be representative of all geographic regions and especially the global environment. In addition, getting access to some executives in some companies may need a lot of dedicated efforts in order to get an appointment set. Though the study is limited by these constraints, the results could have important practical implications to the retail industry.
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On the other hand, it is obvious that competent management involves proper planning. In effect, supply chain planning should constitute forecasting, efficient discovery and prioritizing of all essential sources of supply and add value to the product along the supply chain.
At the same time, organizations are becoming responsible for their partners and suppliers’ social and economic performance due to the increased demands as well as strong economic performance. These pressures are coming from a number of sources, which include the community, employees, governments, and socially aware organizations.
For many years, a majority of people on this island had been campaigning for the Island’s self-rule, with little interference from the British government. However, a section of minority unionists from the northern part of the island were opposed to this proposed partition and fervently campaigned against it.
Research and practice shows that connecting and informing on supply chain, its management and the distribution of characteristics that dictate management of corporate organizations have greatly contributed to the integration of supply chain and its management.
To remain competitive, these underlying ought to reduce operating cost whilst continuously advancing customer service. With the underlying progresses within communications coupled with information technology and a speedily developing selection of logistics alternatives, firms possess an opportunity to lessen operating costs by synchronizing the planning of the prevailing stages.
The author states that a business strategy includes several organizational functioning strategies, such as supply chain management strategy, production strategy, marketing strategy, human resource management strategy and financial strategy. These all are equally important for an organization to achieve significant business growth rate.
eliver products and services from raw materials to end customers through an engineered flow of information, physical distribution and cash” (Council of Supply Chain Management Professionals, n.d.). Supply chain management (SCM) has been one of most investigated areas in the
ver, it has been observed that in order to achieve success, companies need to integrate their available resources and networks effectively to ensure optimum success. This process of management that a company follows is termed as supply chain management. A supply chain is a
Some of the obstacles covered in the paper include the fact that fresh produce tends to go bad and decay easily and has higher regulatory safety requirement, while consumers demand diversity because of constant changes in their tastes. Linkages between different parts of the chain of supply for fresh produce are not effective.
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