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Supply Chain Functionality Essay

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Below is an essay on "Supply Chain Functionality" from Anti Essays, your source for research papers, essays, and term paper examples.

The term "supply chain management" entered the public domain when Keith Oliver, a consultant at Booz Allen Hamilton (now Booz & Company), used it in an interview for the Financial Times in 1982. The term was slow to take hold. It gained currency in the mid-1990s, when a flurry of articles and books came out on the subject. In the late 1990s it rose to prominence as a management buzzword, and operations managers began to use it in their titles with increasing regularity.[5][6][7]
Commonly accepted definitions of supply chain management include:
The management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers
The systematic, strategic coordination of traditional business functions and tactics across all business functions within a particular company and across businesses within the supply chain, for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole[8]
A customer-focused definition is given by Hines (2004:p76): "Supply chain strategies require a total systems view of the links in the chain that work together efficiently to create customer satisfaction at the end point of delivery to the consumer. As a consequence, costs must be lowered throughout the chain by driving out unnecessary expenses, movements, and handling. The main focus is turned to efficiency and added value, or the end-user's perception of value. Efficiency must be increased, and bottlenecks removed. The measurement of performance focuses on total system efficiency and the equitable monetary reward distribution to those within the supply chain. The supply chain system must be responsive to customer requirements."[9]
The integration of key business processes across the supply chain for the purpose of creating value for customers and stakeholders (Lambert, 2008)[10]
According to the Council of Supply Chain Management Professionals...

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Supply Chain Functionality. Anti Essays. Retrieved December 17, 2018, from the World Wide Web: http://parimatch-stavka7.com/free-essays/Supply-Chain-Functionality-529414.html


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