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Critically analyse the following questions: What are the differences between a normal supply chain and a sustainable supply chain What motives the businesses in opting for a sustainable supply chain - Essay Example

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Also known as a demand chain or a value chain, a supply chain refers to the sequenced network of facilities and activities that are leveraged for the production and delivery of goods and services (Janvier-James 2012, p.194); supply chains begin with suppliers and extend all the…
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Critically analyse the following questions: What are the differences between a normal supply chain and a sustainable supply chain What motives the businesses in opting for a sustainable supply chain
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Extract of sample "Critically analyse the following questions: What are the differences between a normal supply chain and a sustainable supply chain What motives the businesses in opting for a sustainable supply chain"

Download file to see previous pages Supply chain management has been defined in many terms but it refers to the coordination of business functions within the company and its component partners to produce goods and services to satisfy market demand in a responsive, efficient as well as sustainable manner (Storey et al 2006, p.754). The three essential stages of decision-making in supply chain management include strategy, planning, and operations; supply chain strategy is the superior level of decision-making in supply chain management and it entails designing and building supply chain that is suitable for the provision of goods and services. Supply chain planning on the other side entails exploiting the finalized supply chain to support medium-term goals of the enterprise, mostly quarterly or yearly needs of production while supply chain operations involves the short-term monitoring and control that is crucial for the effective functioning of the supply chain plan. Sustainability in supply chain strategy has emerged to be a critical issue in supply chain management in the contemporary business environment, particularly given the heightened global concern for the environment and alleviation of complex environmental challenges such as global warming (Woodhead, Janelle & Mah 2009, p.5). Precisely, companies are leveraging supply chain strategies to address the complex new chain challenges facing the industries since it is no longer sufficient for supply chain leaders to simply focus on creating flexibility and keeping costs low (Yu & Tang 2011, p.495). Thus, besides having flexible, nimble supply chains, companies ensure that these supply chains can work effectively with new and innovative products, emerging markets, manufacturing zones, as well as new suppliers. In that respect, a supply chain must not just focus on the present short-term goals, but also on the longer-term goals of sustainability and for a supply chain to be ...Download file to see next pagesRead More
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