Fundamentals of Supply Chain Management & Plan -Management Assignment Help

Assignment Task

Supply Chain Management  

A supply chain is basically a group of independent organisations connected together through the products and services  that they separately and/or jointly add value on in order to deliver them to the end consumer. It is very much an extended  concept of an organisation which adds value to its products or services and delivers them to its customers. But what is the  benefit of understanding the value adding from the supply chain perspective? Why managing supply chain is becoming  necessary and important to today’s business success? These are some of the fundamental questions that must be first  addressed before discussing the “how to” questions.  

Over the last three decades, the concept and theory of business management have undergone profound changes and  development. Many old ways of doing business have been challenged and many new ideas and approaches have been  created, among them are business process re-engineering, strategic management, lean thinking, agile manufacturing,  balanced scorecard, blue ocean strategy, … just to name a few. Supply chain management is undoubtedly one of those  new and well grown management approaches emerged and rapidly developed across all industries around the world.  

The earliest appearance of the term ‘supply chain management’ as we know it today published in recognisable media and  literatures can be traced back to the early 1980s. More precisely, it first appeared in a Financial Times article written by  Oliver and Webber in 1982 describing the range of activities performed by the organization in procuring and managing  supplies. However the early publications of supply chain management in the 1980s were mainly focused on purchasing  activities and cost reduction related activities. The major development and the significant increases of publications in the  areas of supply chain integration and supplier-buyer relationship came in 1990s when the concept as we know it today  was gradually established. 

It is therefore clear that supply chain management is not one of the legacy academic subjects existed for hundreds or  thousands of years, but rather a young and even nascent subject. It is only recently that business world started making use  of this concept. So, the question is “Why now?” A convincing answer to this question is that our business environment has  changed, which includes globalisation, more severe competition, heightened customer expectation, technological impact  and geopolitical factors and so on. Under such a renewed business environment, an organisation focused management  approach is no longer adequate to deliver the required competitiveness. Managers must therefore understand that their  businesses are only part of the supply chains that they participated and it is the supply chain that wins or loses the  competition. 

Thus, the arena of competition is moving from ‘organisation against organisation’ to ‘supply chain against supply chain’.  The survival of any business today is no longer solely dependent on its own ability to compete but rather on the ability  to cooperate within the supply chain. The seemingly independent relation between the organisations within the supply  chain becomes ever more interdependent. You “sink or swim with the supply chain.” It is for this reason that gives rise to  the need for supply chain management.

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