The Supply Chain Management Of Supply Chains

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Section 1 Technology advancement has paved way for increased communication, collaboration, and sharing of information around the world. Supply chains are now very complex and flourishing in the global marketplace, but only constructed and managed correctly. My discipline is supply chain management. There are many different functions of the supply chain that make it what it is. Breaking this discipline down to specific job task is difficult because each process in a supply chain, no matter how complex is connected with at least one other process in the supply chain. There is no clear definition of a supply chain. A supply chain is a web or network of collaborators, processes, materials, and information. The goal of a professional in…show more content…
Choosing the correct supplier will make the difference between success and failure. Since the beginning of the deregulation of motor transport in the 1970’s, the movement of goods within a companies supply chain has become an increasingly important function. It is known as logistics, which is a function of a supply chain. Now in the 21st century, data analytics is used to choose transportation companies or better known as third party logistic companies. This creates transparency in the supply chain. With the use of analytics, managers in charge of product transportation have a better understanding of how often to ship goods, at what quantity, and to what location at the lowest cost possible. The goal of a supply chain manager is to have goods available when the consumer demands them. Forecasting demand is needed in order to do so. Big data gives insight to what goods were purchased, where, when, how much, and who purchased them. This is a huge advantage for businesses. The supply chain will then have the correct goods, in the correct stage or process to be produced and distributed in a timely fashion. “64% of supply chain executives consider big data analytics a disruptive and important technology, setting the foundation for long-term change management in their organizations.” (Columbus) As analytical knowledge is gained, the understanding behind it
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