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Todays Supply Chain - Assignment Example

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Supply chain is formed by a system of people; organization, activities resources, and information that are essential in the movement of both products and services form the supplier to the consumer. These activities transform components or raw materials into finished goods that…
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Todays Supply Chain
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Todays Supply Chain

Download file to see previous pages... Technology has to be incorporated too to ensure swift and real time communication between in the process.
Traits of the best supply chains are characterized by sustained good performance, which can be measured by the rates of deliveries made to customers. Some of the traits include strategic supplier partnership, information sharing, customer relationship, internal lean practices, information quality and postponement. Strategic supplier partnership, involves a long standing relationship between the suppliers and the companies. This is usually designed to align the strategies of the suppliers with that of the company. Secondly, there should be appropriate customer relationship which determines the way in which companies manage the complaints of their customers and maintain a long term relationship. Furthermore there is need to develop a win-win relationship. At the same time, it is important to settle on the effects of a third customer logistic provider relationship on the companies green logistic performance. Thirdly, there is need to develop well defined information sharing between the employees and the customer should be shared with adequate determination on its effects. Information shared should be adequate, accurate, current credible and to ensure enhanced performance and increased relationship. In addition, the supply chain management should be inclusive of the extent to which there are waste elimination practices and creation of value with the chain supply. Lastly a good supply chain practice should determine the postponement endures so as to minimize on the losses.
Once a company develops a risk management plan of a supply chain, then it is said to have a mature supply chain. In this case, companies have well assessed risks that can cause a disruption on the normal supply chain and work towards mitigating ...Download file to see next pagesRead More
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