Assignment on Scope of the Study of Supply Chain and How Is the Effectiveness in the Global Economy

The green supply chain is considering a value-added element in the product to attract maximum customers. Many companies who are renowned brands are also going to be more popular due to their green supply chain because this will make the market more strong and make the value of the product higher in the market. Brand supply with the green supply chain is very attractive for the customers because when a brand is convert into green supply chain management then its image for the customers is going to be more powerful because it is consider close with the natural environment and customers prefer to buy such product. Therefore, any brand is going to be more famous when it is consider a natural product for the customers.

It means that reducing the material cost, fewer environmental permitting fees; lower the waste disposal and training cost by improving the environmental performance. The interest of the public is also maintained due to environmental concern and related to the benefit of the companies. Companies use the customer‘s environment interest as a plus point and also utilize this public interest in their products. So, a major link can be observed between the financial gains and the improved environmental performance. Companies can improve their supply chain according to the required improvements. (MURRAY, 2019)

The green supply chain is a completely new concept that is going to be more popular to make better the performance of the environment in the complete system. Many different critical factors are present in the green supply chain that provide better environmental sustainability and help to implement the green system at all levels. These factors are; regulatory, societal, competitiveness, supplier management, customer management, and ethical or internal management. As we know that green, supply is the most common factor used in different organization by replacing the old supply chain management.

1.3 Problem Statement of Supply Chain and How Is the Effectiveness in the Global Economy

Supply chain management and its effectiveness for business and organizational is a common research topic on which many research studies are conducting. However, these research studies as mainly addressed organizational performance. While just a few studied have addressed its impact on global economy. Therefore, still there is gap to conduct a research study on supply chain management and its effectiveness in global economy. The research theme is to evaluate the selling options and global sources and effectiveness of supply chain in the global economy. In this context, the integrated management information system will be used as a key instrument to capture all the research data and estimate the effectiveness of supply chain on the global economy. The research will identify the value adding strategies and cost cutting strategies. The proper integrated management information system will help the company to get critical global competitive edges in the markets. The research will suggest various strategies about supply chain management and increase in global strategies.

1.4 Research Questions of Supply Chain and How Is the Effectiveness in the Global Economy

The research hypothesized basic information of sharing positive relationship of supply chain and the global economy. The research will measure impact of supply chain on the global economy. The following research questions will be address,

1.      Does a positive significant relationship exist between supply chain performance and information sharing?

2.      How supply chain induce impact on organizational performance and profitability?

3.      What are the factors of supply chain that effect global economy strength and stability?

The hypotheses are developed in the light of research questions. The primary goal of this research study is test these enlisted below hypothesis:

1)      Effective supply chain management has positive relationship with information sharing.

2)      Supply chain ineffectiveness draw negative impact on organizational profitability

3)      Effective supply chain management has positive impact on organizational performance.

4)      Supply chain has relationship with strength of global economy

5)      Inefficient supply chain managerial practices in organizations negatively influence global economy.  

1.5 Research Objectives of Supply Chain and How Is the Effectiveness in the Global Economy

The following research objectives will be address

1.      To access the relationship exist between supply chain performance and information sharing.

2.      To analyze the significant aspects of supply chain induce impact on organizational performance and profitability.

3.      To ascertain the factors of supply chain that effect global economy strength and stability.

4.      To ascertain the supply chain ineffectiveness draw negative impact on organizational profitability.

5.      To analyze the significant aspects on supply chain has relationship with strength of global economy

6.      To analyze the significant aspects of inefficient supply chain managerial practices in organizations negatively influence global economy.

7.      To provide the possible recommendations on effective supply chain management that how it can has positive impact on organizational performance.

1.6 Purpose of the Study of Supply Chain and How Is the Effectiveness in the Global Economy

The purpose of present study is to conduct an analysis of global supply chain in the broader context and the research encompasses on the benefits and producing processes in the company, customers, and suppliers. Due to globalization and integration in the economy of world, the enterprise concept of supply change has been extending and it is playing leading role in the entire supply chain management. The present work considers objectives of excellence in the business performance and quality management that is obtain by the high concepts of investment, basis concepts and principles of supply chain management and quality management. While having focus on global economy effectiveness of supply chain management in organizations will be discuss in macroeconomic scenario.