21st Century Supply Chain Technologies

In today’s competitive business world, the best companies have discovered a powerful new source which encompasses on all the integrated activities that bring the product to the market and create satisfied customers and is called “Supply-Chain Management”.

Success for many organizations depends on the firm’s ability to balance product and process changes while exceeding customer expectations for improved cost delivery and quality. In lieu of these issues firms have started to implement principles of supply chain management. Supply chain management mainly involves managing the flow of incoming materials, manufacturing operations, and downstream distribution has to be in alignment that is responsive to change in customer demands eliminating a surplus of inventory.

The supply chain management is considered as a management concept from past two decades as the customers are concerned about timely and safe delivery. The competitiveness has been increasing among the companies to deliver the products as quickly as possible to the customers all around the world. This has made the supply chain management as a vital tool for the management. This is also measured as a competitive parameter for the companies.

Supply chains must be managed to coordinate the inputs with the outputs in a firm to achieve the appropriate competitive priorities of the firm’s enterprise processes. The Internet offers firms an alternative to traditional methods for managing supply chains. A supply chain strategy is essential

Mellat-Parast and Spillan (2014) defines supply chain management as the method of handling material and information moves from the beginning, through the organization, and to the end-user. This is a very important factor of organizational strategy.

Supply chain networks are important because they help company’s remain consistent with the consumer buying pattern changes. Companies often seek new channels to market their product. The company utilizes analytics to identify different ways to present their product to the consumers and how the supply chain would need to operate for each case. They determine the optimal strategy to determine the overall strategy based upon the product being produced. For example, the supply chain for a tablet will differ from that of a candy bar. The delivery of the tablet is produced on a time sensitive basis because of the ever changing demands of the high tech consumer market. The supply chain network design allows for organizations

Effective supply chain management can provide an important competitive advantage for a business marketer, resulting in improved communication and involvement among members of the chain, increased motivation, and decreased costs. Tracking the movement of and demand for components used to manufacture a product across a variety of potential and actual suppliers, provides insight and the ability to respond instantly to shortages, surpluses, and changes in market conditions. It seeks to optimize production, decrease manufacturing time, minimize inventory, streamline order fulfillment, and reduce cost.

The average company spends nearly half of every dollar it earns on production needs—goods and services it needs from external suppliers to keep producing. A supply chain consists of all parties involved, directly or indirectly, in the procurement of a product or raw material. Supply chain management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.

The Supply-Chain Council defines supply chain management as “[m]anaging supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, and delivery to the customer” (Wisner, Leong & Tan 2005).

This article is about supply chain management (SCM). Its importance in the field of operation management. Supply chain management was discussed from the past three decades. This article tells about how supply chain management developed and how it will proceed in the future. The term “supply chain management” first appeared in the practitioner literature in 1982, which said that SCM is a way to manage resources and assets in a better way.

Effective supply chain has gained a very high prominence in the current market scenario. The numerous amounts of demands from the customers has increased significantly over the past decades. They not only expect a reliable and good quality product/service, they also want it to be delivered to them well in time. The decline in product life cycle and the quick

Information technology (IT) has had a substantial impact on supply chains (Cachon & Fisher, 2000). IT consists of the tools used to gain awareness, analyse information and execute activities to increase supply chain efficiency (Kotzab, et al., 2003). These tools are the ‘lifeblood’ of SCM (Slack, et al., 2013). Organisations increasingly rely upon IT to improve their supply chain, however there is conflicting research that suggests it does not guarantee enhanced performance (Wu, et al., 2006).

This report will investigate some of the major technologies in Supply Chain management, which significantly impacted the fulfillment and delivery of an organization. The report will also look specifically at Amazon robotics (Kiva Systems) and Cloud computing technology and how it can help to ease the process while reflection on models and frameworks.

While researching on line I came across an article that described the affect that the Internet is having on supply chains today. “E-enabled supply chain management is fast emerging as a core strategy that organizations worldwide are adopting for sustainable business advantage”. (4)

Supply chain management is the discipline that focuses on the actions by manufacturers to distributors and carries out supply chains that are as affordable and efficient as possible. The core curriculum in supply chain management consists of such courses as procurement and products, producing preparation and control, logistics and transportation management, and supply chain application. Supply chain management is the active management of supply chain activities to take full advantage of customer value and accomplish a sustainable competitive edge. When people purchase their Supply Chain Management article from us, they get 100 % original material, inexpensive Supply Chain Management Assignment that satisfies the greatest standards of professionalism, an incredible customer support team and an assignment that is completed method before the set deadline.