Extract of sample "Trends in Supply Chain Management"
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Thus, with reference to the current technological innovation, customers expect an efficient system that is both cost effective and reliable for commercial and private use.
Operations within an individual market clog the morale of conducting business and restrict diversity therefore leading to reactive industries. With reference to international trade, various investors and product developers are able to develop and create products resembling the demands of the global customers (Green, Whitten, Inman, 2008). In addition, the use of specific strategies in some regions to manage costs, has transpired the trading of best practices leading, in some cases, to unified code of conduct within the logistics industry (Handfield, Straube, Pfohl, and Wieland, 2013). With reference to customer satisfaction, globalization creates interaction between various business blocs thus influencing the development, marketing, distribution, and sale of alternative products.
The logistics industry comprises of a network of companies operating in both local and international sectors. These networks help to sustain the industry through the handling of segmented logistics’ service-tasks (Hanningan, & Mangan, 2001). The collapse of one segment in the network has the potential of interfering with global logistics operations. Following the trend of industries experiencing economic-crisis aftershock effects, research suggests that business blocs should loosen ties with volatile markets and implement strategies sustainable within a narrowed logistics’ environment (Florin, n.d).
Green, K., Whitten, D., Inman, A. (2008). The Impact of Logistics Performance on Organization Performance in a Supply Chain Context. Supply Chain Management: An International Journal, Vol 13, No. 4: pp. 317-327. Retrieved February 14, from Academic search complete.
Hanningan, K., & Mangan, J. (2001). The Role of Logistics and Supply Chain Management in
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Supply Chain Management is the management of this chain, ensuring that, despite the use of many suppliers and manufacturers, the product is still generating a net profit (Blanchard, 2007). AMR research has named the supply chain management at Apple the best in the world (Allen, 2010), which suggests that the entire chain is best optimised in terms of logistics, operations and cost.
Several business analysts have done their researches to understand and have essentially drawn boundaries about the nature of this field based on its practicability and its theoretical part. For instance, there has been a new well-organized body of inherent knowledge and practicing field, which they propose, to be ‘management supply strategy’.
Current Purchasing and Supply Chain Practices in E-procurement. E-procurement is the business-to-business, business-to-government or business-to-consumer process of making purchases or selling supplies, services or work through the internet or other forms of information systems.
The report reviewing the academic literature and practical examples related to outsourcing of supply chain reveals that the strategy of outsourcing has become strategically important for the organizations in order to fuel the process of growth and development.
There are four levels to a supply chain they include; networks of supply, distribution systems, internal supply chains and the eventual recipients of the products. The process encompasses the movement of funds, information, services and materials (Wisner 56).
According to the paper supply chain process in a company is essentially an external process. The present report will throw a light on the present scandal over horse meat in processed meat products. Horse meat was included in branded food products without informing the supermarkets, the processors and their customers.
be called ‘partnerships’ but more often, they are relationships which must be nurtured through high levels of trust, communication, and reciprocity (usually money for the goods) (Ackerman & Bodgraven, 2007). Consumers are at the other end of the supply chain, who also need
Some of the obstacles covered in the paper include the fact that fresh produce tends to go bad and decay easily and has higher regulatory safety requirement, while consumers demand diversity because of constant changes in their tastes. Linkages between different parts of the chain of supply for fresh produce are not effective.
With technology facilitated information flow, it was recognized that a coordinated supply chain could be designed to meet the strategic and business objectives. Increased global competitiveness coupled with technological advancements, constantly shifting and increased
These include automated port and rail road operations, RFID tagging of material and ensuring efficient management of warehousing and inventory operations. The development within the field itself and removal of trade barriers continues the process
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