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Project managment - Assignment Example

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Supply chain management (SCM) is defined as the administration of the flow of goods from their respective sources to consumers who may either be manufacturers or end users. Supply chain, therefore, is the entire process that connects all networks involved is providing goods and…
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Download file to see previous pages literature on this subject by David Anderson, Frank Brit and Donavon Favre under the title: The seven principles of Supply Chain Management, the concept gained more publicity and many scholars started producing tonnes of literature in this area. This new found interest in Supply Chain Management has allowed the concept to be extensively studied to the benefit of companies and customers across all industries.
Some of the scholars who saw an opportunity after Anderson et al wrote their first piece in 1997 were Bowersox, Closs, & Cooper who in 2007 reviewed the decade old article and were in agreement that supply chains should be customer oriented. This pint of view represented the line of thought held by Anderson et al a decade earlier and opens a door into what the future holds for SCM. If over a decade earlier these scholars had seen the impact of SCM on customers and how the concept affected business, the it is fair to conclude that the article; The seven principles of Supply Chain Management was clearly ahead of itself. To address the unique customer demands within a supply chain, segmentation is necessary so that each cluster with identical characteristics is serviced in a peculiar manner that meets their uniqueness. EBay, one of the leading global online marketplaces, has adopted a unique model in its supply chain where for an extra cost, customers with need to urgent delivery are supplied within the stipulated time and the purchased products discounted. This is an indicator of how a customised supply chain helps serve global clients to the benefit of all stakeholders.
A discussion by Wang, Heng & Chau (2007) stressed on sharing information on demand trends especially for organizations with business relationships so that level of stock among these companies is kept at the bare minimum. This alignment of demand and planning is a useful tool throughout the supply chain because it helps related businesses obtain real time data on regions with deficit further ...Download file to see next pagesRead More
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