Theories And Theory Of Supply Chain Management

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

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 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

In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of order status would be classified as

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.

Supply chain management is a complex undertaking that must involve more than one organization’s efforts to succeed. A tremendous amount of skill, time, and money must be present to build and develop relationships, discover and implement a strategy, and use the capabilities of the chain to build quality at an efficient financial rate. Allowing for these requirements, it leaves one to wonder whether supply chain management is a viable option. The answer is yes, because an organization needs a strong supply chain to compete and be profitable in the marketplace. The key points for supply chain management should be to meet customer demand, produce excellent customer value, enhance responsiveness to change, build a network that can resist risk, and develop financial success.

Chopra, S., Meindl, P., & Vir Kalra, D. (2016). Supply chain management: strategy, planning, and operation (6 ed.). (pp. 439-440). Person. Retrieved October 7, 2017

Supply chain is one of the critical aspects that can make or break any company. The research will also concentrate on aspects of supply chain.

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,

This article tells about the evolution of SCM concept and also considers the present state of supply chain management, whether it is a process, a discipline, a philosophy, a governance structure or a functional area. Here in literature review, supply chain is defined as a set of three or more entities (organizations or individuals) directly involved in the upstream and downstream flows of products, services, finances, or information from a to a customer, which was given by Mentzer et al in 2001 which is still true today. But there always remain a confusion in defining supply chain management. Many researchers and practitioners created their own definitions and names to describe supply chain management. All these concepts were published in many journals in those days like International Journal of Physical

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.

Supply chain management based on two basic core ideas. One is that every single product, which influences an end user, characterizes the accumulative determination of manifold organizations essentially. These organizations mentioned too cooperatively as the supply chain. The second core idea is that the existence of supply chain is long term and many organizations only pay concentrated on what was happening inside their “four fortifications”. Supply chain management is the accomplishments for exhaust the possibilities of customer value and triumph competitive benefit.

As mentions above, Kumar et al. (2012) have provided a new definition of customer relationship management refers to the collection, storage and analysis of customer information, and the results into the practice of enterprise decision-making process. This also pertains to the automation, enhancement and integration of core business processes, such as production, operations, sales, marketing and finance. The power of customer relationship management in its adaptability to further business, and even the performance of the entire business of any individual activities, business, and even the performance of the entire business of any individual

Supply Chain Management already exists for more than hundred years. It wasn’t defined as terminology for some period of time and it took years to develop it. It began with Fredrick Taylor’s “The Principles of Scientific Management” that was concentrated on improvement of manual loading processes all the way to Supply Chain Management we have now (Lamprecht, James; Page 180). Because Supply Chain Management spreading beyond location of production, everyone have different view on it. Many view Supply Chain Management from operational point of view where SCM is flow of materials. Others view SCM as an operational process. And others consider it as implementation of previously listed operational process in organization (Kotzab, Seuring, Muller and Reiner; Page 398). Here are some popular definitions of Supply Chain Management: