Tag: Supply Chain

Supply chain is a network of retailers, distributors, transporters, storage facilities and suppliers that participate in the production, delivery and sale of a product to the consumer (Kietzman, 2008). Every effort involved in producing and delivering is looked at in supply chain, from the final product supplier’s supplier to the customer’s customer. A Business depends…

Alderson, W. (1957). Marketing behavior and executive action.  Irwin: Homewood, IL, 1957. The author of Marketing behavior and executive action article, Alderson, defines the management of a supply chain as the measures and approaches that help harmonize suppliers, manufacturers, warehouses and retailers to actualize specified qualities and quantities of goods, their distribution to the right…

Focus of organizations on having an integrated supply chain started at the end of the 1990s. The integrated supply chain is significantly different from other previous models. The classic supply chain considers the individual companies and elements of the supply chain as separate units that represent the functional entities of the supply chain. The organization…

Assignment 1 Instructions: Discussion—Supply Chain Management as a Value Driver A successful supply chain strategy includes good design and implementation. However, supply chain strategy is not considered truly successful until there is a measurable contribution to the bottom line. To be successful, managers must plan, forecast, and execute the operational plan as well as face…

Supply chain goals The overall goal of a supply chain is to bring together various organizations together with activities connected to the movement of goods as they change the value from being raw to finally being usable to the end user who is usually the consumer (Minis, 2011). Therefore, the overall goal of the supply…

This paper discusses the relationship between supply chain and the supply and demand model. In the global marketplace of today, an integral aspect of supply chain connections has been the basis of competition for most firms as opposed to the traditional dependence on unique brand names as independent entities. In this regard, a firm’s overall…

Globalization Globalization is an integration and interaction process among governments, companies, and people of different nations. It is an investment and international trade driven process and it is supported by information technology. The globalization process has influences on the culture, environment, economic development, political systems, economic prosperity, and on human physical well-being in the international…

Procurement refers to the acquisition of commodities i.e. goods, services or even works from a different external source(Halldorsson et al., 2003). Any acquisition should be done in the best possible interest of the procurer. The goods, services and or even work should be acquired at the lowest possible cost, be of the desired quality and…