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Supply Chain Management Explained

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Supply chain management is the integration of activities that procure materials and services, transform them into intermediate goods and final products, and deliver them to customers. The production, distribution, and sale of both goods and services are bound by constraints in demand, supply, capacity, capability, and a myriad of other parameters.

In this assignment, consider the strategic implications of how an organization produces and interacts with its partners, customers, and suppliers.

Using the module readings, Argosy University online library resources, and the Internet, research supply chain management processes. Based on your research, complete the following:

Describe the overall goal of a supply chain.
Describe the difference between a supply that is responsive (service) and a supply chain that is efficient. Can a supply chain be both?
How can an organization optimize supply chain management to improve results and remove obstacles? Support your answer with two current examples.
Based on your learning from your research, what additional recommendations might add to what was accomplished?

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The answer to this problem explains supply chain management. The references related to the answer are also included.

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The overall goal of a supply chain is to reduce organizational inefficiencies through coordinating activities among suppliers, production facilities, distribution centers, and customers. The goal is to make inventory readily available in customer facing position to fulfill demand, create value for customers, increase responsiveness to change, build resiliency in supply chain, and ensure cost efficiency. The supply chain ensures that the right product, reaches the right location at the right time at minimum cost.
By responsiveness we mean that the supply chain can respond quickly to customer requests or changes in the marketplace. By efficiency we mean the supply chain reduces costs. When we talk about responsiveness, the ability of the supply chain to successfully respond to changes in customer demand, or even natural disasters is considered (1). Often changes in market demand means the production plan has to be changed fast, the source of supply may change, or the location of customer may change. The ability of the supply chain to ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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