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Title: The antecedents of supply chain capabilities and their effects on supply chain performance
This management essay page displays free writing sample about management. It is created to help students to understand what to write in their essays. You must reference this page properly if you are using any parts of this essay.
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Maintaining strong customer relationships and effectively cutting costs must be priorities at a time when consumer spending and confidence is down. In recent decades, some companies have tried to simplify their command over their supply chains by outsourcing key business processes such as manufacturing and distribution. However, while reducing the asset base under management reduces costs, outsourcing adds business and communication complexity and risk due to the multiple entities involved.
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In addition, this complexity is only increasing. Outsourced manufacturing and distribution, vendor-managed inventory, and continuous replenishments all increase a company's dependence on business partners. Supply chains today comprise multiple tiers, many suppliers, varied transportation modes, and numerous outsourcing partners-leaving many businesses with a set of mounting barriers. Nevertheless, customers still expect end-to-end visibility and seamless execution. Given the increasing complexity and current political and economic climate, companies are faced with a number of potential risks and must be prepared.
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Nowadays information flows and material flows are not sequential, linear chains. They represent complex networks with multiple paths and entities. Different business processes, information systems, metrics, and cultures among the different partners increase the difficulty of timely executions and on-time deliveries throughout the chain. Unfortunately, these patchwork supply chains leave companies unable to easily manage changes in their flow of materials, react to exceptions, or respond to changing market conditions, subsequently driving supply chain costs and customer dissatisfaction.
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The well-structured, easy-to-read book “Essentials of Supply Chain Management” written by Michael Hugos is a perfect introduction into supply chain management. It clearly tells about the most important concepts of supply chain management. In this book the writer underlines operational and tactical aspects of supply chain management and underlines key points. The author starts from the explanation of the purposes of supply chain management, the forces that rule a supply chain, the variables that the supply chain manager constantly need to juggle with and optimize keeping in mind the market segment that they are serving.
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Michael Hugos’s book “Essentials of Supply Chain Management” covers the basics of supply chain: planning and sourcing, making and delivering, coordination and technology and supply chain metrics. Each chapter takes up the fundamental concepts involved and explains them in a simple and understandable way (Hugos, 2002).
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