Purchase Solution

Discussing Supply Chain Management

Not what you're looking for?

Ask Custom Question

In a 1000 words, explain what a supply chain is and discuss the importance of a company having a supply chain strategy. Identify at least four key drivers of any supply chain strategy and discuss why each is an important ingredient to a supply chain strategy. Cite an example of a company that has used its supply chain as a competitive advantage and explain how.

Purchase this Solution
Solution Summary

The response addresses the queries posted in 1102 words with references.

Solution Preview

Introduction:

Supply chain management (SCM) refers to a network of activities, organizations, capital, and technology involved in the procurement of the mat, as well as their supply from manufacturers to the customer. The supply chain activities integrate the conversion of raw material into finished goods. In other words, it refers to the logistics and distribution of goods and services from the supplier to the end user. The intricacy of activities depends upon the nature of the product. Every industry has a different set of inventory and distribution requirements (Zigiaris, 2000). Therefore, to provide a better procurement of inventory and distribution of goods and services, a management system is created named as 'Supply Chain Management' (SCM). This management system engrosses a better executive plan for the materials and supply management. The Supply Chain Management provides enhanced coordination and integration of the raw material and finished goods between the manufacturer, wholesalers and retailers (Wisner, 2011).

Importance of Supply Chain Management:
The SCM system is an indispensable term for any business organization. Every business organization, which deals either in the product or service, feels the importance of the supply chain management system. This system contributes in achieving effectual market coverage. The availability of products and services at a required destination is possible only through an effective supply chain network. A superior collaboration with vendors and distributors are possible with this mechanism (Wisner, 2011).

The inventory, which directly contributes to the cost estimations is better managed and controlled by the Supply Chain Management. The company, which adopts this management system, tends to have a lower cost in balance sheets. In addition, effective SCM facilitates the firm to build a ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

View More Free Quizzes
Related BrainMass Solutions

  • Supply Chain Management Powerpoint

    - Provide at least 3 issues that could affect a competitive supply chain strategy? - Explain at least 2 growing uncertainties that exist in supply chain management.

  • supply chain strategy presentation for MCC

    Provide a list of competitive supply chain strategies. Provide at least 2 issues that could affect a competitive supply chain strategy. Explain at least 2 growing uncertainties that exist in supply chain management.

  • supply chain: Relationship management

    Relationship management with the supply chain give forums for discussing and resolving supplier issues. If the supplier has problems, he discusses these issues with the customer.

  • Discussing how Supply Management Benefits Organizations

    335109 Discussing how Supply Management Benefits Organizations Based on your experience or readings, discuss how supply management benefits organizations in the public and private sectors.

  • Careers: Business Operations

    providing expansion to the traditional supply chain management beyond traditional tracking materials, information, and finances as they move from supplier to manufacturer.

  • Contemporary Management Technique

    of the people (What is Logistics & Supply Chain Management?).

  • Brick & Mortar Vs Website: Supply Chain

    //After discussing the problem of the supply chain management in brick and mortar environment, as per the instruction, we will discuss the resolving techniques or the modification strategies by the websites to face the problems of brick and mortar environment

  • Strategic role of Logistics and Supply Chain Analysis

    205931 Strategic role of Logistics and Supply Chain Analysis Prepare a paper defining logistics and discussing its strategic role within the supply chain.

  • Supply Chain management

    of Supply Chain Management to the healthcare industry: // Application of Supply Chain Management to Healthcare Industry Supply chain management includes the smooth flow of goods in a supply chain from manufacturer to the ultimate user.

  • Wal-Mart strategic supply chain model Problem

    It should also improve the logistic management. Conclusion After discussing the supply chain management, we can conclude that the supply chain management plays a significant role in the business.

View More Related Solutions