Types of Supply Chain - Assignment Example

The paper "Types of Supply Chain" is an engrossing example of an assignment on management. The supply chain has recently become a critical entity that is essential to the organization's performance measurement hence the increased attention from both researchers and business practitioners. Pursuant to this, a lot has been discussed on the role played by these metrics as a yardstick for determining the success of any organization, especially as regards strategic, tactical, and operational planning and control. The recent trends in SCM attest to the revolution SCM has undergone during the past decade and the rise in the number of organizations seeking to improve their performance and ensuring success (Robert, Ernest 2002).

From a review of numerous literature on the study, there exist three types of the supply chain. These include a lean supply chain, an agile supply chain, and lastly a hybrid supply chain. This study will seek to discuss the growing supply chain relationship in today’s supply chain management while analyzing the various established relationship management models and exploring both the strategic and operational considerations that are very essential for enabling a relationship posture that is appropriate within the supplier (Christopher 2004). Additionally, the study explores the various emerging concepts of lean supply management while discussing the importance of both the efficiency and effectiveness brought about by a lean approach and consequently proposing a general approach an organization can initiate, develop and sustain.

The growing importance of the supply chain relationship in today’s supply chain management

Numerous studies have observed a very interesting trend amongst the leading companies in the world which are discovering a somehow very powerful new source of competitive advantage in the market (Christopher 2004). This is what is increasingly becoming to be known as supply-chain management which comprises all the integrated activities which are responsible or which can be traced to the final product in the market and which results in customer satisfaction. Supply chain management by the nature of its existence heavily depends on relationships and connections.