Saturday, February 15, 2020

Supply Chain Management (operations management)2 Assignment

Supply Chain Management (operations management)2 - Assignment Example In order to maximize revenue, an organization has to consider the net worth of a product to the customers and what the supply chain tends to accomplish is to get the exact requests of the consumers. Supply chain management is basically concerned with issues of who is involved, cost and service in addition to integration of such kind of services (Jacoby, 2010). Supply chain strategies are directly affected by other chains available within the organizations. This includes an activity that comes up with the introduction of new products to the firm. Supply chain should also be integrated with other goals of the organization like the ones which leads to maximization of profit margin thus giving a lot of returns. Supply chains needs to be designed to eliminate unnecessary uncertainty and risks at all levels of production. Some of the risks that may come in the course of production include the risks associated with machines, logistics amongst others. Organization can optimize supply chain management to improve results and remove obstacles in several ways such as the global optimization. Having a complex network, the supply chain management have so far been developed to enable integration of products from the point it comes from the supplier to the point delivery is done. A good example is whereby an organization can be able to get a supply and directly deliver it to consumer without having to actually stock it and then goes ahead to make payments through electronic money transfer. Supply chain is considered dynamic in nature. Customers’ demands and suppliers’ potentiality will always change after sometimes. This will in turn leads to evolution in supply chain relationships. For instance, when a customer potentials increases, this will impact more pressure on the supplier to increase the rate of productivity in quantity and quality. Organizations should be able to project any risk that might come in the line of production of commodities to the

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