Supply Chain Management Essay Example | Topics and Well Written Essays - 1500 words - 5

Supply Chain counsel - Essay ExampleSupply twine vigilance too helps to improve customer service, thus change magnitude effectiveness.Supply fibril forethought is an important aspect of operation considerment as it has profound personal effects on the successful functioning of an organization. Proper picture chain management nookie be use to eliminate redundancy and remove barriers arising from poor communication, by monitoring, controlling and coordinating the various processes within an organization. Identifying the components of the supply chain, facilitating better decision-making, creating improved communication, and identifying weak links in the chain causing bottlenecks in an organization atomic number 18 crucial to supply chain integrating. There are three principle elements of supply chain integration management of randomness and financial flows, armoury management, and management of relationships of trading partners. (Power, 2005)According to Czinkota, Ronkain en and Moffett, supply chain management is the integration of three concepts they are the systems concept, the total cost concept and the trade off concept. These concepts are also important to the business enterprise logistics. The system concept is based on the notion that materials- flow activities within and outside(a) of the firm are so extensive and complex that they can be considered only in the stage setting of their interaction. The system concept intends to provide the firm, its suppliers and its customers both domestic and foreign, with the benefits of synergism expected from the coordinated application of size. To take out the system concept works, info flows and partnership trust are instrumental. Logistics capability is highly information dependent, since information availability is key in planning and to process implementation.(http//www.oppapers.com/topics/supply-chain-concepts/0) This paper discusses how the benefits reducing cost and profits can be achieved by utilizing information systems and information technology. I will also examine the supply chain processes between sellers and buyers. Due to continuous advancement in the field of information systems technology, it is possible for supply chain partners to coordinate more effectively to optimize the performance of their various organisations. Also, information sharing is a essential in this coordination, and information sharing has been facilitated quite a lot by these advances in the field of information technology.According to Banavar et al, Modern businesses are dynamic in nature and to stay competitive (organizations) need to optimize their business processes by understanding and reacting to the rapid changes in their environment (Banavar, Black, Caceres, Ebling, et al, 2005) Serious use of supply chain management started in the 1980s. It is to describe the range of activities coordinated by an organisation in order to procure and manage their supplies. (Oliver and Webber, 1982)I nventory control is a very essential part of the supply chain process of any organization, because inventory control has to do with reducing the cost of inventory. There are 3 major factors involved in the inventory control decision-making process. These are The cost of shortage, i.e., what is lost if the stock is insufficient to meet all packThe cost of holding the stock The