Literature Review Supply Chain Management Essay - 5873 Words

Supply Chain Management: A Literature Review David Smith BUSI 610 Organizational Design and Structure Abstract Supply chain management is a practice that involves the planning, supervision, and implementation of strategies and controls to direct the movement of goods and services provided to customers. The intent of this essay is to incorporate a synopsis of existing literature and to provide the reader with a general understanding of how supply chain management correlates with the organizational design and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay†¦show more content†¦An ideal SCM integrates all aspects of logistics in a rapid manner attempting to achieve the objectives by using who, what, when, where, and why (the 5Ws) for accuracy and success. The focus of this literature will cover the history, functions, modifications and future of SCM, while also considering the literature and preceding research that was con ducted in each area. This paper will enhance the readers’ understanding of the SCM in general along with the process and concepts of the subject. It will also enable readers to apply aspects of SCM in their respective line of business. The literature for this review is relative, ranging from one to three years old. Organizations must understand that Supply Chain Management can increase the company’s EBITA (Earnings Before Interest Taxes Amortization) or decrease it if used properly. An additional benefit of an optimal SCM is optimizing time from production to customer, which can increase customer base when the industry notice speed of delivery to customers. Overview of SCM Definition of SCM Mellat-Parast and Spillan (2014) defines supply chain management as the method of handling material and information moves from the beginning, through the organization, and to the end-user. This is a very important factor of organizational strategy. In the 1950s, the term logistics was perceived as a word that the military use. The areas of logistics wasShow MoreRelatedThe Problem Of Supply Chain Management Research1448 Words   |  6 Pagesaddresses an issue within supply chain management research that has not been given much attention, and thereby attempts to bring focus to modern slavery within organizations with international supply chains. It calls for new theory development towards the detection and elimination of slavery within global supply chain, as well as the development of new tools and indicators that can be used to detect slavery within supply chains. After detecting slavery within a supply chain, complete withdrawal ofRead MoreAn Empirical Analysis Of Supply Chain Risk Management1692 Words   |  7 Pages  Literature Review: Jorn-Henrik Thun and Daniel Hoenig in the paper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk managementRead MoreLiterature Review : A Systematic, Explicit And Reproducible Method For Identifying And Interpreting The Existing Body Of Knowledge903 Words   |  4 Pagesâ€Å"Literature review is a systematic, explicit and reproducible method for identifying, evaluating and interpreting the existing body of recorded documented work produced by researchers, scholars and practitioners† (Blaxter 2001 p.120). This consist of the aim and the path of research (Meredith 1993). It is an important sect ion of the research study, as evidenced by textbooks and methodologies (Saunders et al. 2009) also from research papers in good quality journals (Mentzer and Kahn 1995). 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In this regard, this paper develops two-level (Vendor-buyer) supply chain models that tackle these issues. The classical and vendor-managed inventory with consignment stock (VMI-CS) are considered as coordination policies. The objective of each model is to minimize the total cost of the supply chain, which includes the costs of i nventory, GHG emissions and tax, energy usage, process quality, and transportation operations. The decisionRead MoreIntroduction Of A Supply Chain Management1564 Words   |  7 PagesIntroduction A supply chain (SC) consists of a set of organizations that work together to take in raw materials, convert the raw materials into higher value products, and sell the products to the end customer (Kelly 2005). The management of these flows to generate profit is known as supply chain management (Sodhi and Tang 2012). Supply chain risk management (SCRM) is defined, very broadly, as the identification, analysis and evaluation of events that can have a negative effect on supply chain performanceRead MoreSupply Chain Of Food Retailing Industry1377 Words   |  6 Pages Analyzing the Dynamic Supply Chain in Food Retailing Industry in Australia Business Research Proposal Contents Introduction​3 Problem Statement​3 Literature Review​3 Variables Hypotheses​4 Operational Definition and Measurement​4 Research and Methodology​5 Sampling​5 Data Analysis​6 Conclusion​6 References​7 Introduction The activities carried out in the research focuses on understanding the concept of dynamic supply chain in the food retailing industryRead MoreSupply Chain Risk Management Plan1299 Words   |  6 Pages(2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. â€Å"Supply chain risk management is the process of identifying, assessing and controlling threats to an organization s capital and earnings that are caused by the organization s Supply Chain.  Companies with supply chain risk management plans in place typically place a chief risk office(CRO) in charge of overseeing the effectiveness of the organization s supply chain management strategy