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Research Paper On Supply Chain Management

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Supply Chain Management Q1) In today’s business environment, no enterprise can expect to build a successful product, process, or service advantage without affiliating their strategies with those of the supply chain system in which they are heavily linked. The literature examined for the purpose of this essay identifies the many different definitions of Supply Chain Management and the overall effectiveness of supply chain management to a business in the twenty first century. This essay also highlights whether supply chain management is a passing fad or a fundamental change. There are many definitions formed for supply chain management as there are many different perspectives for the understanding of the concept from supply chain management: Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers [Harland 1996]. Hence, supply chain management covers all the necessary movement and storage of raw materials, work-in-process inventory, and finished goods from the point of origin to the point of consumption. According to Prof. Adithya Ghose, a supply chain entails all activities associated with the flow and transformation of goods from raw materials to end users. The concept of supply chain refers to the …show more content…

As e-commerce continues to grow globally, customers have more options to order products than ever before. Shipping options need to keep up to date with the demands of the marketplace, which requires companies to adapt their supply chains to meet customers’ needs and preferences. Whether it be a small parcel or a bulk product, shipping in a quick and efficient manner is key to a business’ success. It is understood that supply chain management systems aid companies to determine the optimal ways to ship while reducing costs to the lowest possible

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