Paper from Supply Chain - Research Proposal Example

This is easier said than done. Although Singapore is well located and well connected by all modes of transport, the uncertainties of a supply chain have to be understood in order to achieve plan its management. Having a good range of suppliers is not enough as the chain involves logistics as well. Apart from this there are different priorities and concerns of each of them and for a specific operation the entire chain has to work on agreed schedules and timelines so that both short and excess supplies and timely deliveries are organized in a way that all links in the chain have a chance to make a fair margin.

If it not a win-win situation for all stake holders then the link will break and the entire supply chain management will become distraught. In the current worldwide scenario many disruptions contribute to the disruption of the supply chain. The latest among them being terrorism that knows no boundaries and respects none. Risk management has therefore become a huge concern. The other more normal constraints are different perceptions of the stakeholders, logistics and storage issues. The objective of this research is to identify the obstacles to good supply chain management in Singapore and to suggest possible remedies.

Purchase is the foundation of making an effective Supply Chain. A good purchase will often result in better margins. Organizations have specialist purchase departments. Since there are individuals who finally make decisions their judgment, whether individually or in groups, are influenced by the environment they work in. Kohli (1989) proposed that influence is a function of personal resources or power. Sheth (1973) maintains that the psychological world of the decision makers affects purchasing behaviour.

This will include the special knowledge the purchaser has acquired, the training he has received, the skills he has developed and the seller networking he commands. Best Practices