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Supply Chain Management - Essay Example

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Name Professor Course Date Supply Chain Management Many social issues are coming up each and every day, and this is, in addition to the life of companies, their stakeholders and consumers. This comes in a period when companies are on the move to focus more on their brands as well as products…
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Supply Chain Management
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Download file to see previous pages Extensive research shows that a considerable percentage of the overall budget of any given company emanates from the costs of flow of materials, and it is upon which companies are rated (Maloni & Brown, 2006, 68). This paper delves into SCM by centering on some of the underpinnings associated with it to ascertain its prominent features that are involved in the improvement of flow of materials from producers as raw materials to end user as finished products, and its involvement in the reduction of costs associated with supply chain. Integrated supply chain In such a situation of Lauritzen Bulkers, a suitable supply chain will be that which identifies vividly the important information systems as well as material flows, and should be aimed at meeting the needs of the customers. This is because a customer play a significant role in the supply chain, and it is upon the management team to ensure they are satisfied with the products and services. This is why any disruptions that may occur in one mode of transportation may have an effect on the supply and demand for goods world over. This is, in addition to, the globalization that is deep rooted in today’s world, where technology has managed to bring products, services, and people so close that businesses are happening far and wide with transactions made online (Arnseth, 2010, 27 ). This means that an incorporated supply chain should be in force to cater for the big fleet of ship as well as the people involved, for this will ensure the working together of everyone involved towards an appealing proposition of mutual benefit to all the parties concerned. Therefore, it is the relatedness of supply chain progression that offers an enhanced potential that can be seized to achieve a competitive advantage. This is, in addition to, its importance in holding onto that promise of ensuing success. Lauritzen Bulkers Company has achieved this through employment of youthful employees who are at prime performance of their life. This translates to increased productivity in an industry whose success depends on the energy and the flexibility of employees. Moreover, purchases of new vessels that are aiding in the effective transportation with no delay are significant. Therefore, what the company needs on top of these energetic employees as well as new vessels is s good management team that should strive to make the best use of the accessible resources, for the betterment of the company. This should, thus be evident at all the supply chains to ensure that there is no break in the communication flow, which however small it may seem, is capable of disastrous end results. Information systems and management across the chains It is factual that management of logistics and technology come out as a success when costs related to logistic operations are controlled as well as an alarm for information technology whose success relies on selection, exploitation and incorporation (Arnseth, 2010, 25). Therefore, the information systems available are capable of granting a company to decide on what the right supply chain strategy and the mode of transportation of goods. If faced with the same responsibility, I would opt for an efficient delivery system that is home delivery to ensure that the right products land into the rightful owners with certification. Road transport is fine for it is cheap, fast and reliable for it can be found ...Download file to see next pagesRead More
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