Supply Chain Management Strategic Objectives - 2699 Words

In the last three decades, globalization along with the continuous growth of multinational companies in combination with the unceasing development of information technology, which facilitated the massive reduction of communication costs, has led to the creation and evolvement of collaborative supply networks [1] [10], in order to sustain competitive advantage [5] and responsiveness. Thus, Supply Chain Management is a critical concept for every organization in terms of adopted supply chain tactics and their impact on the organizational strategic objectives [5], an identified, by the existing literature fact. Wiengarten, Pagell and Fynes mention that nowadays ‘’ the competition is not between companies but between supply chains’’ [10]. One of the major and most popular supply chain tactics is ‘’Outsourcing’’. A very substantive and representative definition of this term would be ‘’ A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally’’ [30]. Typical activities include cooperative planning and process coordination and integration [10], shared expertise and operational development [5].Outsourcing is not a new practice. Actually, contracting of goods and services has been historically reported even before the Industrial Revolution in the UK, where the government was serviced under contract by the private sector. Some examples of that age outsourcing services are road maintenance andShow MoreRelatedLogistics Management : Supply Chain Management1341 Words   |  6 Pages Logistics management is part of supply chain management, which deals with organizing, executing and directing efficiency in the movement of goods in and out of the manufacturer’s warehouse. 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Supply chain strategyRead MoreStrategic Vision And Operations Planning1210 Words   |  5 Pagessuccessful supply chain management. However as 2016, Walmart closed 269 stores, this m eans that not all the stores are successful and there is a problem that is affecting its operations planning. Walmart by 32nd St. has operation planning problems during winter time when the population increases in the area. This report was written to understand the importance of developing a strategic vision and operations planning in order to help the store current seasonal problems. I find out that Supply Chain ManagementRead MoreWalmarts Vision And Strategies1542 Words   |  7 PagesUnited Kingdom, India, and others. In order to adequately serve the expanding demand for quality goods at reasonable prices – Walmart has to ensure that its supply-chain functions efficiently on a regular basis. To this end, in what follows, the author explores the manner in which Walmart manages its supply-chain, the impact of the management of the same, and the organisational theory of the company – in the successful pursuit of Walmart s vision and strategies. To commence this examin ation, it is