Supply And Management: Literature Review On 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.

Supply chains manage the movement of products from the acquisition of raw materials through production and finally distribution to the end user. A properly designed supply chain can create many opportunities to drive down cost and increase revenue opportunities. In order to create a supply chain that is sustainable and flexible it is necessary to identify and align company goals and initiatives with the manufacturing and distribution of products.

Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay

Chopra, S., & Meindl, P. (2010). Supply chain management: Strategy, planning and operation (4th ed.).Upper Saddle River, NJ: Prentice Hall.

Supply Chain is a system of organizations, people, activities, information and resources related to the transfer of products or services from suppliers (supply chains) to customers. Supply chain operations involve converting natural resources, raw materials and components into a finished product to be delivered to the end customer. In complex supply chain systems, the products used can re-enter the supply chain at any point where the residual value can be recycled. Supply chain links the value chain. Supply chain management includes all planning and management related to supply, procurement, conversion, and logistics management activities. Equally important is that it also involves coordination with partner channels such as vendors, intermediaries, third-party service providers, and customers. Essentially, supply chain management integrates supply and demand management within and outside the company. Supply chain management is an integrated function with the primary responsibility for connecting the core business functions and business processes within companies into a high-performance and engagement business model. It covers all of the logistics management activities outlined above, as well as manufacturing activities, and it promotes collaborative processes and activities with marketing, sales,

A supply chain may be defined as an integrated process wherein a number of various business entities (i.e., suppliers, manufacturers, distributors, and retailers) work together in an effort to: (1) acquire raw materials, (2) convert these raw materials into specified final products, and (3) deliver these final products to retailers. This chain is traditionally characterized by a forward flow of materials and a backward flow of information. For years, researchers and practitioners have primarily investigated the various processes of the supply chain individually. Recently, however, there has been increasing attention placed on the performance, design, and analysis of the supply chain as a whole. From a practical standpoint, the supply chain

Managing the Supply Chain ( SCM) is a set of approaches used to efficiently integrate suppliers, manufacturers , warehouses and stores so that merchandise is produced and distributed in the right quantities , at the right place at the right time in order to minimize system cost while the wide requirement of satisfactory levels of service . It can also be defined as the coordination of production , inventory , location, and transportation among the participants in a supply chain to achieve the best mix of responsiveness and efficiency for the market served .

Supply chain management is an integrated process that constitutes the various stages through which a product passes prior to reaching the ultimate consumer. Every product or service is designed in such a manner that it is able to meet the requirements of its target consumers. Through a well formulated and managed supply chain process, products that are manufactured are able to reach out to its consumers effectively and through the process it is possible to make it available at a convenience to the customers. The processes constituted in the supply chain system are continuously active and are always being monitored and managed by several people across the system. An efficient supply chain management system ensures that there is speedy delivery of the product from the stage of the manufacturing through the various channels for delivering it to the consumers.

Efficient management of the supply chain is becoming more and more critical in today’s economy. In a time of shortening product life cycles and competitive markets, it is necessary to consider the complete scope of supply chain management, from supplier of raw materials, through factories and warehouses, to demand in a store for finished product.

Supply chain management is the business of overseeing the flow of materials to manufacturers, wholesalers, retailers and consumers. It is an external process that involves supply chain managers communicating with other vendors to ensure a product flows through the supply chain smoothly. Once a product reaches the consumer, it has already flowed through multiple organizations – these organizations collectively are referred to as the supply chain. Effective supply chain management should result in a relatively seamless production process while also minimizing costs on a continuing basis. Operations management, by definition, is the development, execution and

Supply Chain Management (SCM) is the management and administration of a network of interconnected enterprises involved in the fundamental provision of product and service packages required by end customers. This complex discipline is the systematic and strategic coordination of traditional business functions and the tactics across those business functions within a particular company and across businesses within that company’s supply chain. The end effect is improving long term performance of the company, the companies within the supply chain, and the supply chain as a whole for competitive advantage. Keith Oliver, an analyst working for the consulting firm Booz Allen Hamilton, coined the term “Supply Chain Management” in

Supply Chain Management seeks to guarantee that “merchandise is produced and distributed at the right quantities, to the right locations, and at the right time. . .” (Stock, Boyer, & Harmon, 2010). It is the management of a company’s supply chain by coordination and integration of the multitude of supply chain partners that a company interacts with. Initially, the concept focused on how to make a relationship between supplier and purchaser more efficient but has now been broadened to include the management of many activities, functions, and organizations. In some industries it may include a company’s entire supply chain, including all of its customers, suppliers, and strategic partners (du Toit & Vlok, 2014; Walker & Jones, 2012). The concept has expanded so far today that many argue that there is no longer any competition among individual companies but instead competition among separate supply chains (Brun & Moretto, 2012).

Supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials in to intermediate and finished products and distribution of these products to the customers. Supply chain Management (SCM) is the management of flow of information, products and services across a network of customers, organization and supply chain enterprises. It incorporates the development and capacity of raw materials, work-in-progress of stock, and finished products from purpose of origin to purpose of utilization. Interconnected or interlinked systems, channels and hub organizations are included in the vision of items and services required by end users in a supply chain. Supply

Most people do not realize that the products filling the shelves in every aisle of retail stores are the result of supply chain management. Cumulative efforts of multiple organizations within a supply chain enable customers to fill their shopping carts with various goods. Today, managing supply chain activities in order to maximize customer value and gain competitive advantages in the marketplace is common business practice. This process involves streamlining the supply-side of businesses, which requires an effort by suppliers to cultivate and implement the most efficient and

During the 80s, the term supply chain, unveiled within the administration, this term was used previously like, "logistics" or “Management Operations" to define the supply management, was already in the 90s when it takes shape, becoming a powerful tool in the business administration. There are multiple definitions of supply chain, according to Handfield, R. (2011),” Supply chain management, then, is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development, sourcing,