Supply Chain Assignment Essay Example | Topics and Well Written Essays - 5000 words

add up Chain Assignment - Essay sheathThese imply a lean grant set up, an agile supply chain and lastly a hybridizing supply chain. This study will seek to discuss the growing supply chain relationship in todays supply chain counselling age analysing the various established relationship charge models and exploring both the strategic and operational considerations that are extremely essential for enabling a relationship set that is appropriate within the supplier (Christopher 2004). Addition onlyy, the study explores the various emerging concepts of lean supply management while discussing the importance of both the efficiency and effectiveness brought about by a lean approach and accordingly proposing a general approach an organization can initiate, develop and sustain. The growing importance of the supply chain relationship in todays supply chain management Numerous studies have spy a highly interesting trend amongst the leading companies in the world. The companies are di scovering a somehow very powerful new source of competitive advantage in the commercialise (Christopher 2004). This is what is increasingly elevateing popularity as the supply-chain management. add up chain comprises of all the integrated activities responsible and that can be traced to the final product in the market and which determines customer satisfaction. Supply chain management by the nature of its existence heavily depends on relationships and connections. In the context of supply chain management, the term relationship implies a lot. This may include strategic relationship, indispensable relationship, and transactional relationship amongst many more others. What has made supply chain necessary is the benefit that is derived from supplier relationships, close notably the increasing value and supply chain cost minimization. Additionally, the need by most companies to gain competitive advantage has made maintaining supply chain relationship very serious (Robert, Ernest 2 002). The programs related to supply chain management integrates topics from all the departments of the organization which include the manufacturing operations of the company, purchasing of the companys products, and emigration of the sales, in addition to, physical distribution into a unified program (Robert, Ernest 1989). For supply chain management to be considered successful, it must coordinate and ensure there is integration of all the above stated activities into a process that is seamless (Robert, Ernest 2002). The supply management team should further, in addition to, embracing link all the partners in the chain. Consequently, in addition to, the various departments within the organization, the other partners include vendors, carriers, information system providers and deuce-ace party companies. The most fundamental objective of the supply chain management has always been to add value. Supply Chain Management has been transformed into a tool that is essential for accomplish ing corporate strategic objectives (Financial Executive 2002). Amongst these would include reducing working capital, accelerating cash-cash cycles, taking assets off the balance sheet and increasing inventory turns amongst and most significantly monitoring average annual sales (Carlisle & Parker 1989). Supply chain management has in the recent past become top managements new main focus area. In light