Access over 20 million homework & study documents
search

Supply Chain Management

Content type

User Generated

Subject

Management

Type

Homework

Rating

Showing Page:
1/6
Running head: OPERATIONS AND SUPPLY CHAIN MANAGEMENT 1
Importance of operations and supply chain management to a company’s strategy
Student Name:
Professors Name:
School Affiliation:
Date:

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/6
OPERATIONS AND SUPPLY CHAIN MANAGEMENT 2
Part 1
Essentially, supply chain management is regarded one of the crucial roles in an
organization operations. It involves controlling, planning and distribution of goods, control of
how raw materials, work in progress or finished goods move from one point to another (Basu &
Wright, 2008). Normally, a company must have raw materials that help in the production of
finished goods. All the three (raw material, work in progress and finished goods) are types of
inventories used in an organization. When raw materials are procured by the organization, how
they are stored and how they are disbursed for production is the function of operations and
supply chain management. Also, the movement of finished goods from company warehouse to
the point of consumption by customers calls for an application of supply chain management
(SCM). In simpler terms, supply chain management is a process that covers the entire movement
of raw materials from suppliers, all the way to the company manufacturing premises and then
reaching to the intended customers. Over the years, the supply chain has evolved in many
perspectives due to the importance that is attributed to the operations and supply chain
management. To start with, the evolution of supply chain started in the 1980s in which it is
called creation era. In this era, managers of the organization found it worth to adopt the concept
of managing flow of raw materials. The process of managing the inventories in a company had
become very cumbersome tasks to employees. The second era happened in the 1990s, what was
called integration era. In this era, organizations showed the need to create departments for
managing the flow of raw materials, work in progress and finished goods. This was mainly
influenced by the need to manage company inventories. The final era is the globalisation. This is
the era that happened in the 21
st
Century
.
Ideally, supply chain management is usually taken as
the strategy for a company. A company that has incorporated the concept of operation and supply

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/6

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 6 pages?
Access Now

Unformatted Attachment Preview

Running head: OPERATIONS AND SUPPLY CHAIN MANAGEMENT Importance of operations and supply chain management to a company’s strategy Student Name: Professor’s Name: School Affiliation: Date: 1 OPERATIONS AND SUPPLY CHAIN MANAGEMENT Part 1 Essentially, supply chain management is regarded one of the crucial roles in an organization operations. It involves controlling, planning and distribution of goods, control of how raw materials, work in progress or finished goods move from one point to another (Basu & Wright, 2008). Normally, a company must have raw materials that help in the production of finished goods. All the three (raw material, work in progress and finished goods) are types of inventories used in an organization. When raw materials are procured by the organization, how they are stored and how they are disbursed for production is the function of operations and supply chain management. Also, the movement of finished goods from company warehouse to the point of consumption by customers calls for an application of supply chain management (SCM). In simpler terms, supply chain management is a process that covers the entire movement of raw materials from suppliers, all the way to the company manufacturing premises and then reaching to the intended customers. Over the years, the supply chain has evolved in many perspectives due to the importance that is attributed to the operations and supply chain management. To start with, the evolution of supply chain started in the 1 ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Just the thing I needed, saved me a lot of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4