Explore BrainMass
Share

Explore BrainMass

    Supply chain management help reduce costs

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    "Supply chain management is typically one of the most fractured aspects of operations management in the sense that typically it is made of many disparate organizations".

    How does supply chain management help reduce costs?

    Please include references.

    © BrainMass Inc. brainmass.com October 10, 2019, 2:54 am ad1c9bdddf
    https://brainmass.com/business/supply-chain-management/supply-chain-management-reduce-costs-398977

    Solution Preview

    SUPPLY CHAIN MANAGEMENT
    How does supply chain management help reduce costs?
    "Supply chain management is typically one of the most fractured aspects of operations management in the sense that typically it is made of many disparate organizations".

    Supply chain management starts with attempting to procure the right inputs (raw materials, components, and capital equipment), convert them efficiently into finished products, then dispatching them to final destination that is the consumers. Hence, it is a long process or a long chain that involves various operations. Effectiveness in each part of the chain has significant effect on business performance, particularly on costs and product quality.

    According to Kotler (1999), the supply chain perspective can help a company identify superior suppliers and help them improve their products in the supply chain, bringing down company cost. He further suggested that an effective way of ...

    Solution Summary

    How supply chain management helps to reduce costs are determined.

    $2.19