Supply Chain Standards For Supply Chains

1564 WordsDec 21, 20157 Pages
Setting Supply Chain Standards to Improve Supply Chain Management In 2002 congress considered legislation authorizing $47 million to help develop supply chain integration standards. Since the introduction of the bill to integrate supply chains, The legislation, The Enterprise Integration Act of 2002, was enacted to authorize the National Institute of Standard and Technology to work with major manufacturing industries on an initiative of standards development and implementation for electronic enterprise integration (H.R. 2733 (107th): Enterprise Integration Act of 2002). According to the case background readings setting supply chain standard will improve supply chain management. In this paper I will discuss how setting supply chain…show more content…
Supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. The management of the supply chain involves the efforts of all partners in the supply chain working together to effectively and efficiently deliver goods (Handfield, R, 20011). Supply chain standards that are shared globally throughout industries results in methods and rules that allows predictability, and agreed standard and guidelines. These standards will enable partners throughout the supply chain the freedom to apply influence on industry standards that will result in sustainable business practices that mirror the needs of and integrated supply chain aiding in maximum efficiency throughout the chain. To maintain a business, supply chain management needs strong certainties on the everyday action of the business from all accomplices in the supply chain. To spare cost and convey more products to more destinations quicker, a business and their suppliers must have an institutionalized supply chain. The test is to place the emphasis on stock inventory management instead of information management (Spiegeleire, 2015). The absences of supply chain measures will build the expense of inventory management, funds are forestalled and advantage opportunities over your supply chain are lessened. Setting guidelines in the

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