global value chain management
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I need help in writting a 800 word article analysis examining
the benefits of global value chain management. The paper needs to address how the management of a supply chain brings value to at least three stakeholders, customers, suppliers, communities, employees, and stockholders, and describe how value differs for each of these stakeholders. Please cite the references.
Thanks,
JB
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Solution Summary
I need help in writting a 800 word article analysis examining the benefits of global value chain management.
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An effective supply chain management creates immense value for each of these stakeholders. Let us discuss values for each of them one by one.
First of all, let's chose the customers. An effective supply chain management ensures that supply chain operations are carried out in the most efficient and smooth manner, thereby avoiding delays and inefficiencies. The products of the organization reaches to its customer in a timely manner. Further, efficient supply chain management also ensures that product and service output of the organization is of the highest quality. All these factors result in highest possible customer satisfaction level and provide strong "Value proposition" to the customers in terms of high quality goods delivered in a timely fashion.
Many supply chains - particularly those that haven't been enhanced with a supply chain application - are plagued by delays that can result in poor relationships and lost business. Late shipments from vendors, slow downs on production lines, and logistical errors in distribution channels are all common issues that can negatively impact a company's ability to satisfy customer demand for its products.
With today's advanced supply chain software, all activities can be seamlessly coordinated and executed from start to finish, ensuring much higher ...
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- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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