EXECUTIVE MBA - JKUAT
DISCUSS THE SUPPLY CHAIN MANAGEMENT PARADIGM AND ITS APPLICATION TO THE SERVICE AND MANUFACTURING INDUSTRY
The concept of Supply Chain Management is based on two broad ideas.
The first is that practically all goods and services that reach an end user represent the cumulative effort of multiple organizations. These organizations are referred to collectively as the supply chain.
The second idea is that while supply chains have existed for a long time, few businesses understood, let alone managed, the entire chain of activities that ultimately delivered products to the final customer. The result was disjointed and often ineffective supply chains.
There as many and varied definitions of supply chain management as are the authors. Broadly defined, supply chain management, is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a deliberate effort by the supply chain firms to develop and run supply chains in the more effective and efficient ways possible.
The Institute of Supply Management describes supply chain management as “the design and management of seamless, value added processes across organizational boundaries to meet the needs of the end customer. The development and integration of people and technologies or resources are critical to the successful supply chain management”
The Supply Chain Council defines it as “managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels and delivery to the customer”
The Council of Logistics Management defines supply chain management as the “systematic, strategic coordination, of the traditional business functions and... [continues]
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(2008, 11). Supply Chain Management Paradigm and Its Application to the Service and Manufacturing Industry. StudyMode.com. Retrieved 11, 2008, from http://www.studymode.com/essays/Supply-Chain-Management-Paradigm-Its-Application-178157.html
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"Supply Chain Management Paradigm and Its Application to the Service and Manufacturing Industry." StudyMode.com. 11, 2008. Accessed 11, 2008. http://www.studymode.com/essays/Supply-Chain-Management-Paradigm-Its-Application-178157.html.