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In
the field of business, the role of supply chain and its management is very much
essential and no any organization can move its operations without the
implementation of supply chain within the organization. Supply chain management
and its effects are long lasting for the operations of the organization and it
also help to maintain functions and transaction in proper way and on track. In
the supply chain management the purchasing process is very important and basic
purpose of the business explain with its purchasing pattern. Every organization
have different way of purchasing by utilizing its strategic techniques, and
also adopt effective purchasing policy that explain the objective of the
business.
Different
organizations have different policies related to their transactions and supply
chain management because the functions of every organization are different from
each other and its supply chain management procedure also different according
to the requirement of product and its customers. So in every business or
organization supply chain showing a major role in its development. Supply chain
also provides many competitive advantages to its used because it makes the
product more prominent and also convenience for the users to easy access. The
supply chain management has show major impact or organization, customers and
competitors in different ways and it’s also effect the economic condition of
the country so its depend on the organization
that how effectively they are going to utilize the supply chain management and how they get more and more benefit for enhancing their sale and purchase in the market and also consider that how they provide the competitive advantages to the organization because many competitors are using the same management techniques so it depend on the management of the organization that how to utilize the strategies to obtain maximum benefit and make the supply chain management more effective
Table of content:
Executive
summary……………………………………………………………………………….2
Overview of
concept………………………………………………………………………………3
Impact on
managers, customers and competitors…………………………………………………6
Implications for
executives in the future………………………………………………………….8
Conclusion……………………………………………………………………………………….10
Reference
Over view of the concept of the role of supply chain and its management
The
current issues are related with the condition of market at global level and
condition of organization according to their supply chain policy and
management. As we know that Supply chain management is the process of deliver
the goods or product from raw material to final product and then deliver to end
user. So its supply chain management explains the complete path of delivery the
product from its start to end and also enhance the quality of product according
to requirement or demands of the customers. The supply chain management helps
to make the operations of organization more active and smooth and also help to
manage its all transactions in proper format.
The
supply chain management is not a simple term, it includes many different aspect
of the organization that make all the function effective and easy to understand
and also elaborate all the transactions in clear terms. Now competitive
environment is going to increase within the market where everyone willing to
come at first and beat the other. This though makes the purchases very
essential for the organization and they want to adopt such policies or
procedures that make their purchase more effective. In purchasing the
introduction of innovation make the purchasing more convenient and visible.
Purchasing
and supply chain management has strong relationship and it also help to
motivate the reputation of the organization and show great impact on the
economy. Company is going to be more successful when it going to achieve all
the benefits related to purchasing and supply chain management. With them. It
is very important to discuss the process of purchasing because it explains the
objective of the purchasing and also focus on the business goals and
objectives.
Then
organization determines the strategic supply management role and
responsibilities. Policies are major part of the organization and its
development because policies make the setup of the organization in legal term
and everyone has to follow these policies. So the purchasing policy helps to
explain all the aspect of the organization and also their impact on the
performance of the organization. For obtaining the competitive advantages, it
is very important to integrate the supply chain management with the functions of
organization to explain all the functions and operations more effectively and
also help the structure of the organization to establish in proper manner.
Different
type of supply chain management strategies also implement in the organization
according to their requirements and operations. Purchases is occur between
seller and buyer so both have to understand that complete process and also
explain the terms and conditions that they have to settle with the organization
according to their responsibilities. Effective suppliers are also very
important because it help to make the production of high quality and also
develop a greater standard of products among many competitors.
Quality
of supplier is essential according to quality management perspective because
the supplier have to deliver the product of high quality that reach the product
at high level and also help to explain all the terms and conditions related to
product. Organization is going to used the six sigma approaches to ensure the
high quality of the product and also establish the standard of quality at high
level. Different approaches are utilizing for better development and
maintenance of the operations of the organization and provide better results
for the future. Supply chain management is going to be an effective tool in
every type of organization because it helps to run the operation and also
maintain the purchase and sale of organization’s process more effective and
smooth and generate effective results for future. The role of supply chain
management makes the strategies of the organization more effective and
efficient.
Impact on managers, customers and
competitors of the role of
supply chain and its management
Supply
chain management is the main part of every organization and also become the
cause of success and satisfaction of customers. The supply chain management has
major impact on the management of the organization because it provide them many
type of benefits and also give then long term benefits to enhance the
production level of organization and also improve the performance in right
direction. It helps to improve the financial position of the organization as it
enhance the profit leverage of the organization by reducing the cost of supply
chain and enhance the quality of product to attract more customers.
It
help in decrease the fixed assets as it decrease the usage of major assets in
the process of supply chain by effective strategy and use the additional fixed
asset at minimum level to save the cost of organization. It increase the cash
flow because it make more smooth the path through which the product reached to
user and due to quick delivery of the product the cash come in the organization
in quick way. It also help the management o minimize the operation of costs of
the organization as it reduce the purchasing cost by less holding the product
and deliver the product in less time. Production cost is also minimizing as the
shortage of material occur less and the production spend less cost in the
development and manufacturing of the products.
Supply
chain management help to provide maximum satisfaction to customers in many
ways. Because it make the delivery of the product more smooth and effective and
also utilize less time so the customer are very much satisfied due to effective
supply chain management of the organization. Due to effective supply chain the
customers expect that accurate product and accurate quantity deliver to them
from the organization. At right location the product must be available. In
other words, delivery must be occur at right time so that they can obtain their
product at their accurate place. Customer also wants to avail after sale
services that make the relationship more strong and reliable with the
organization. Because they know that the organization always ready to provide
their services according to their requirement.
Supply
chain management also improve the living standards as infrastructure help to
exchange the goods between business and customers at low provides and in quick
way. So supply chain management help to improve the life of customers by
provide them the product that is according to their demand and also provide
that product in the right place, at right time according to their manageable
prices. So it help to develop strong and healthy relationship between customers
and organization.
Organization
need better response of all customers when they want to obtain competitive
advantages. Only those organizations can obtain the competitive advantages who
give response to the needs and requirements of the customers and develop a
strong relationship with its all customers. Supply chain is the responsive
related to customers as it is become the source of competitive advantages for
the organization. The performance of the firm must be different from others and
it has ability to manage all the issues of customers and make the delivery of
the products more effective and smooth.
At
international level, many organizations follow the supply chain management
strategies to run its all operations and also build a strong relationship with
the economy of the country to establish its all transactions with the supply
chain management. Supply chain management show major impact on the management
of the organization, customer’s relationship and also its competitors to run
it’s all operations effectively and manage all the issues and deliver its
product and develop a strong reputation in the market at international level.
Implications for executives in the
future of the role of supply
chain and its management
The
role of supply chain management is essential for every type of organization and
no any organization can make its all operations smooth and active without the
effective strategies of the supply chain management. In the upcoming years, the
organization more rely on the supply chain management and according to these
strategies the product directly delivers to the customers in most effective
manner. Supply chain management gives more attention on the operations of
organization and then establishes the complete setup for the product from its
manufacturing till its supply to customers.
The
supply chain management and its effective benefit reach the organization level
at high point because it provide the infrastructure of the organization a new
and trendy way to establish their operations and also manage all the
transactions according to customers need and requirement. Some trend belongs to
future and supply chains are given as in mainstream supply chain activities,
the artificial intelligence will be embedded. In a close loop feedback process
the leaders will leverage social media. The technology move at top position
that support the usage of supply chain management. For successful results, the
micro segmentation must be implemented in the organization.
It
determines the nature and number of supply chain with the product clock speeds.
With similar to CPAs the supply chain management will have standard
certification process. To serve the base of the pyramid, the supply chain must
be designed. To fully report corporate externalities the companies must be
prepared. As compare to product chain the service chain is going to be more
important for the organizations.
Supply
chain management make the supply of product within and outside the organization
more effective and smooth and also handle all the related issues and problems
that create hurdles in the delivery of the product to customers. Supply chain
management strategies implement in all level of production and also help to
manage the manufacturing process more active and efficient because organization
are now depend on the demand and requirements of the customers and try to
produce the products according to their need and requirement so they are
willing to purchase the product from that organization.
The
supply chain management want to provide accurate product according to
customer’s need so the customer show its complete trust and a long term and
good relationship is going to develop with the organization and the customer
obtain its required product according to supply chain management.
Supply chain management help the
organization to maintain and run its all operations in effective manner and
also establish a strong relationship with the economy that provide benefit and
become beneficial for the organization in long terms. The purchasing process
and its supplier role and responsibilities are very much important for provide
better results in the production department and also deliver the product
according to customers demand and its need.
Because
supply chain management and its effective strategies help the organization to
establish a cooperative environment
that work for the benefits of all the people who are attach with them
and also maintain a supportive atmosphere that support the customers and
competitors according to its functions and making better its performance.
Conclusion of the role of supply chain and its management
Summing up all the points we can say
that there are many different and serious issues have been recognized in the
society around us and those issues needs to be taken care efficiently and on
very immediate basis. Supply chain is that field that has a vast experience and
it is too much wide that it cannot be completed in a simple step or in an easy
way. Supply Chain executives make the stock of item inside and outside the
association progressively compelling and smooth and furthermore handle all the
related issues and issues that make jumps in the conveyance of the item to
clients.
Inventory network the executives methodologies
actualize in all degree of generation and furthermore help to deal with the
assembling procedure increasingly dynamic and proficient on the grounds that
association are currently rely upon the interest and prerequisites of the
clients and attempt to create the items as indicated by their need and
necessity so they are eager to buy the item from that association. To
serve the base of the pyramid, the supply chain must be designed.
The inventory network the board need
to give exact item as per client's need so the client show its total trust and
a long haul and great relationship will create with the association and the
client acquire its necessary item as indicated by store network the executives.
Association need better reaction of all clients when they need to acquire upper
hands. Just those associations can acquire the upper hands that offer reaction
to the necessities and prerequisites of the clients and build up a solid
association with its everything clients. Inventory network is the responsive
identified with clients as it is turned into the wellspring of upper hands for
the association.
References of the role of supply chain and its management
Alexandra Berzon. (2019, August 23). mazon Has
Ceded Control of Its Site. The Result:
Thousands of Banned, Unsafe or Mislabeled Products. Retrieved from
https://www.wsj.com/articles/amazon-has-ceded-control-of-its-site-the-result-thousands-of-
banned-unsafe-or-mislabeled-products-11566564990
Chaney, S. (2019, October 3). Here
Is How Interconnected Manufacturing Is Across the Globe.
Retrieved from https://www.wsj.com/articles/here-is-how-interconnected-manufacturing-is-across-the-globe-11570096801
Kimmelshue. (2019, October 7).
Cargill Executive Urges Resolution of U.S.-China Trade
Dispute. Retrieved from
https://www.wsj.com/articles/mondelez-ceo-the-future-of-food-features-plenty-of-snacks-11570453437
Maidenberg, M. (2019, October
18). Food Companies Put Supply Chains Under a Microscope.
Retrieved from
https://www.wsj.com/articles/food-companies-put-supply-chains-under-a-microscope-11570662180
Page, P. (2019, August 19). Absolut
Mixes Machine Learning Into Its Spirits Supply Chain.
Retrieved from
https://www.wsj.com/articles/absolut-mixes-machine-learning-into-its-spirits-supply-chain-11557394201
Page, P. (2019, October 19). Today’s
Logistics Report: Amazon’s Shipping Costs Soar; Supply
Chain Tapestry; Trade’s Tight Window. Retrieved from https://www.wsj.com/articles/todays-logistics-report-amazons-shipping-costs-soar-supply-chain-tapestry-trades-tight-window-11572015020
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