Using the attached document for perspective, please answer the below questions.
Since SCM relies on the sharing of data, much of which might be deemed proprietary, how can we have effective SCM if we withhold information? Is it realistic to expect all the members of a given chain to be forthcoming with the needed data?
Supply chain management (SCM) is the management of an interconnected or interlinked between network, channel and node businesses involved in the provision of product and service packages required by the end customers in a supply chain. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. The objectives of SCM are to: i) maximize supply chain responsiveness and flexibility to customers, ii) minimize total supply chain cycle time, costs, inventory, and iii) maximize supply chain capacity, utilization, and Return on Assets (ROA) . As more and more companies improve their internal processes, they are turning to SCM to get the next breakthroughs in performance .
Let's take an example of a person who works in an automobile engine development and assembly business. From an internal point of view, the supply chain of this particular ...
The expert examines supply chain management and the sharing of data.