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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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. 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
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“Supply Chain Management Essay Example | Topics and Well Written Essays - 250 Words - 4”, n.d. https://studentshare.org/miscellaneous/1588798-supply-chain-management.
Better collaboration in turn means greater communication. When firms communicate effectively (even in diverse geographical parts with different cultural backgrounds) and given that these firms are customer –focused, then knowledge on the customer value is created.
Now the business firms are not competing individually in the markets rather they are the part and parcel of different supply chain links. The only way in order to succeed in the market is that the business managers must have the ability to link different business networks or supply chain links in an effective and efficient way.
Organizations have come up with various innovative methods in all these process, which not only provide good SCM but also add value to their businesses as well as the environment including their suppliers, society as well as economy. Supply chain strategy is critical to its sustainability.
By 1990s, it became one of the most well-liked management term (Hugos, 2006). A supply chain can be seen as the alignment of three or more firms that are directly linked by the downstream as well as upstream flows of goods, services, information and finances from a particular source to the customers.
The author states that the concept of ethics in supply chain management was activated when BBC Panorama exposed the unethical supply chains of sports and clothing companies such as Nike and Gap. These companies hired under-aged Cambodians at minimum wages in order to keep down prices for the end users.
Stock maintenance should be ensured through material flows. Zara, a Spanish clothing outlet, follows automated routing systems for transporting electronically tagged clothes to correct loading bays in its logistics locations. This electronic procedure assists in minimising shrinkage levels with 98.9% accuracy in distribution.
Green Supply Chain Management.
Although the concept of green supply chain is one of the most argued topics among industrial experts and research scholars but surprisingly very few researchers have tried to explore the topic seriously. To understand the core concepts of green supply chain management, one has to define supply chain management.
It brings integration of various processes such as production operations, buying goods and services, transportation and distribution. A successful supply chain management programs ensures these processes are integrated and coordinated into a process that is seamless
The micro-economic approach in regard to market logistics and strategic plans of an organization is extensively discussed. The effective warehouse management and transport arrangements are basic market logistic constituents (Jespersen & Skjøtt-Larsen, 2005). It is
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