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Strengths and Weaknesses of Different Analytical Frameworks to Global Supply Chains - Essay Example

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This research is being carried out to evaluate and present strengths and weaknesses of different analytical frameworks to global supply chains: supply chain management (SCM), global commodity chains (GCCs)and global production networks (GPNs)…
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Strengths and Weaknesses of Different Analytical Frameworks to Global Supply Chains
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Download file to see previous pages This paper illustrates that in today’s competitive scenario, competitive advantage can be developed and customers can be satisfied through managing transportation, production schedules and plans, information flow and inventory. There are organizations competing on the global platform by collaboratively working with various international suppliers, outsourcing as well as marketing to consumers located across the globe. The global reality puts more emphasis on supply chain management to be successful. Global supply chains mainly focus on global business and there are different analytic frameworks that support the process. There is the operational and strategic way of thinking about supply chains so as to identify the appropriate mechanism in a particular context. For an entrepreneur or an organization to be successful, it is essential that innovation is incorporated into supply chains in order to achieve desired outcomes. This study will focus on three major analytical frameworks related to global supply chains such as supply chain management, global commodity chains, and global production networks. Their respective internal strengths and weakness justify their suitability in a significant global business framework. When organizations get involved in supply chain they need to make effective decisions regarding ways of handling primary supply chain activities. For instance, Toyota is an ideal example when it comes to describing the concept of supply chain management. This company outsourced certain factors of a supply chain in which they were not proficient. Toyota was able to design a JIT system since it had a strong relationship with its suppliers. Often for an effective supply chain management, it is essential to have all components aligned with common goals and objectives. There are certain major strengths associated with supply chain management such as it enhances the level of profit margins. Due to supply chain management, an organization can coordinate well with its suppliers and end customers to achieve high margins of revenue. A supply chain management even facilitates less of time delays that help in sustaining business operations in a competitive environment. On the other hand, flexibility can be regarded as other strength of supply chain management. ...Download file to see next pagesRead More
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