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The Importance of Supply Chain Management to Value Delivery

Provide at least three reasons why supply chain management is an important part of the value delivery network.

Please include references.

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Supply Chain Management is an important part of the value delivery network because companies must manage the components that go into supplying a service or product in order to operate efficiently and competitively. For instance, it is crucial to have product on hand in order to supply customers. Companies need a strategy for managing the resources that go into their product or service so that the supply chain is efficient, delivers quality and value, and is as economical as possible. In the event you are supplying a manufactured product to consumers or retailers you must have all the pieces or ingredients of the product on hand in order to deliver the product at the lowest cost and avoiding rush delivery charges or utilizing special, more costly, delivery methods. Running out of items needed to manufacture products means that the manufacturing process is not as efficient, and must be delayed (Murray). In manufacturing, rushing production can also mean less thorough quality control checks of products received, ...

Solution Summary

This solution provides multiple reasons as to why supply chain management is an important part of the value delivery network. It includes examples and references in APA format.

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