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Supply chain management - Essay Example

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Summary to essay on topic "Supply chain management"
There is stiff competition in today’s market, companies are now introducing products with shorter life spans with the continuity of satisfying their clients, and these catalyzed the businesses to focus on their supply chains. Therefore, supply chain is a complete set of ideas…
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Download file "Supply chain management" to see previous pages... The supply chain is defined as the activities linked with the movement and alteration of commodities from the lowest stage to the consumer’s stage. Supply chain does not have much difference hence this made the organizations start the tendency of depending fully on suppliers to enable them execute their duties efficiently.
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However, any organization can fit to be part of supply chain. Supply chain management needs a clear management hard work by the involved organizations in supply chain. For supply chain management to be successful, the companies involved must implement on the enterprise-to-enterprise perception (Mentzer, 2001).
Top management is the most significant constituents when one or many companies is attempting to inject a new idea in the market, for example, a new product or a program. Because top management are essential in SCM and they have the ability to identify crucial resources that fit supply chain ventures, due to these, the company has the power to restructure and create policies to help both organizational objectives. Recent research specified that top management often acknowledge the existence of SCM, and the commitment features only once in three organizations. Hesitation to SCM commitment may arise when the top management uncomfortable with its client’s strength in the supply chain, these factors lead to their success in the market.
What creates these difficulties are the challenges in global supply chain which include economic differences, technological differences, cultural, logistical and spatial differences, these factors have their different impacts hence globalization supply facing difficulties. For instance, global supply chain expounds into longer and are more unpredictable, there might be delays during shipment, which creates increment of the client’s demand, for example, what ...Download file "Supply chain management" to see next pagesRead More
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