Main Characteristics Of The Three Analytical Frameworks Supply Chain Management

Supply Chain Management: An International Journal, Volume 7, Number 5, 2002, pp. 271 – 282;

Supply-chain management consists of developing a strategy to organize, control, and motivate the resources involved in the flow of services and materials within the supply chain. A supply chain strategy, an essential aspect of supply chain management, seeks to design a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy.

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.

To start, Schroeder, R., Goldstein, S., and Rungtusanatham define supply chain as “the set of entities and relationships that cumulatively define materials and information flows both downstream toward the customer and upstream toward the very first supplier.” Schroeder, R., Goldstein, S., and Rungtusanatham goes on to identify supply chain management as “the design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer.” Organizations have to prepare themselves to the best of their ability in order to provide or their customers. Customers expect to receive the upmost service, regardless of the type of organization they make contact with.

SCM is therefore the discipline that aims to understand the firms’ practices and strategies in managing the supply chain. As I said before, many academics tried to build a framework for the understanding of it, but being SCM a relatively new subject all of them present strengths and weaknesses and it is extremely difficult to say which of the framework is more reliable.

Supply chain management (SCM) is based on the philosophy that firms operating in a supply chain are oriented to the provision of goods and services for the ‘final customer’ (Lambert and Cooper, 2000) . The literature strongly suggests that that cohesive collaboration in the supply chain can provide important benefits such as added value, efficiencies and client satisfaction (Stock, Boyer and Harmon,

It is concluded that SCM is not yet a discipline and it is moving in the right direction. We can consider that SCM is an emerging discipline. If we look more closely at what is supply chain management and how is it being framed in research, there is much more common issues than there are differences. There is a common core of subjects taught in most supply chain management programs. There is a set of fairly well accepted standards by which a company’s supply chains are judged. There is widespread agreement that supply chain management is a philosophy or orientation of the way that organizations conduct business and that it is multidisciplinary in

This first section provides a general discussion of the Supply Chain Management mainstream idea supported by Christopher. This framework focuses strictly on the firm and how Supply Chain Management (SCM) is addressed from a management perspective. It states that cooperation between firms is necessary in order to obtain a

Young (2012) writes that supply chain management (SCM) is a function of collaborating firms working to improve operating efficiency and to leverage strategic positioning. In addition, Young references this function as not only the physical attributes of product distribution, but also to include related information, such as production or delivery status, and the capability to access such information. Such capabilities allow SCM to be an important link in fulfilling customer needs and providing value. Young adds that in the current customer-driven market, the perceived value of the entire relationship

Supply chain management plays a very crucial role in the success of any organization and how it can cater to a customer’s need and provide the maximum satisfaction. Supply chain management is essentially managing the flow of goods/services of an organization. It involves raw materials storage, transportation, inventory management, distribution and procurement.

SCM is embedded and influences all facets of business operations. More precise, SCM is the proactive management of logistics, product development, sourcing, production, business processes, information systems, and business finances as they transition though the many facets of the supply chain-from raw materials to consumer (APICS Supply Chain Council, 2014). Also, its emphasis is to sustain its competitive advantage through the maximization of customer value. Competitive advantage sustainability is only feasible through a conscious effort by all stakeholders within the supply chain to

Originality/worth – The paper is unique in the mode in which it lures on a wide orderly study to censoriously assess current theory and current developments. Keywords Supply chain management, Strategic management, Suppliers

The importance of the supply chain hasn’t always been so critical. It wasn’t until the railroad industry in the early 20th century that we first started to see real focus given to the supply chain. World War II put an even greater focus on the importance of a good supply chain and that emphasis was felt on a global scale. In the 1970s the oil embargo and shortages of other raw materials brought the attention of purchasing and supply management to a new level, once again. As more companies began competing on a global scale, innovative strategies arose. In the 1980s

According to Routroy and Shankar (2014), supply chain systems are becoming increasingly lengthy and complex. This is an indication that the modern global marketplace has become dynamic in nature. Supply chains are very complex, with a lot of parallel physical and information flows taking place so that products are delivered in the correct quantities, to the right place in a cost-effective manner. As a result of the forgoing situation, it has been suggested that supply chains may not be the most accurate term to define the interactions but supply networks may be a rather more precise term to describe the situation. However, the focus on achieving more efficient supply chains has rendered them more prone to disruptions (Jüttner, 2005).

A supply chain consists of multiple organizations linked together in a partnership and their overall goal is to satisfy the needs of the end customer.