Essays on Understanding Supply Chain Management Essay

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The paper 'Understanding Supply Chain Management' is a great example of a Management Essay. Supply chain management is the development of a strategy to organize, control, and motivate the resources involved in the flow of services and materials within the supply chain. Within this, an important concept is the ‘supply chain strategy’ which seeks to design an organization’s supply chain to meet the competitive priorities of the organization’s operations strategy (Krajewski & Ritzman, 2007). Supply chains penetrate through the entire organization. Supply chains must be managed to coordinate the inputs with the outputs in a firm so as to achieve the appropriate competitive priorities of the firm’s enterprise processes.

A firm must be committed to re-engineering its information flows throughout the organization, especially the customer relationship, order fulfillment, and supplier relationship processes. Irrespective of whether an organization is a service or manufacturing-oriented, supply chain strategy is essential (Krajewski & Ritzman, 2007). There are several benefits of re-engineering supply chain processes. Supply chain design for a service provider is driven by the need to provide support for the essential elements of the various service packages it delivers.

On the other hand, a fundamental purpose of supply chain design for manufacturers is to control inventory by managing the flow of materials. However, supply chain processes are very dynamic in nature and thus are highly variable. For minimization of supply chain disruptions, it is required to develop a supply chain with a high degree of functional and organizational integration. It includes linkages between the organizations its suppliers and customers. Advantages of Supply Chain at Wal-MartWal-Mart is a massive retail. Its leadership status is a result of Customer focus and efficient supply chain management practices (Shen & Lapide, 2004).

Wal-Mart always treats its customers as kings. It is famous for its everyday-low prices (Guruswamy, Sharma & Jos, 2007) and gives its customers the best buy which is the aim of all its internal/external processes and negotiations. It is efficient in providing the right items to the right customer at the right time and cost and by most efficient means. It supplies to its customers, a wide range of products at the shortest possible time and lowest possible cost.

Reference

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