How supply chain management is modified and adapted over time to meet the changing needs of born global firms?

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ABSTRACT

This research paper is an attempt to explore that how supply chain management is modified and adapted over time to meet the changing needs have born global firms? A number of modifications have been made to the global supply chain management and a number of new concepts have been added to it, such as focusing on maintaining a health environment. The born global firms have been adopting to supply chain management in order to manage their operations in an efficient and an effective manner. The born global firms already prevail internationally and they have their international presence since the beginning.

TABLE OF CONTENTS

ABSTRACTII

INTRODUCTION1

THESIS STATEMENT2

SUPPLY CHAIN MANAGEMENT2

SCM TRENDS3

COMPONENTS OF SUPPLY CHAIN MANAGEMENT4

BORN GLOBAL FIRMS5

SUPPLY CHAIN MANAGEMENT IN THE BORN GLOBAL FIRMS6

Supplier Management10

Operations10

Logistics11

Material Control11

Commercial/Defence Distinctions12

GLOBAL SUPPLY CHAIN RISKS IN THE BUYER-SUPPLIER RELATIONSHIP12

EFFECTIVENESS OF STRATEGIES TO MAINTAIN SUPPLIER RELATIONSHIPS15

USE OF INFORMATION TECHNOLOGY TO ORGANISATION RELATIONSHIP WITH ITS SUPPLIERS16

MODIFICATIONS AND CHANGES IN GLOBAL SUPPLY CHANGE MANAGEMENT16

Globalization: Economic Growth and Environmental Problems16

Corporate Environmental Management / Green Manufacturing and Firm's Competitiveness17

CONCLUSION18

END NOTES20

How supply chain management is modified and adapted over time to meet the changing needs of born global firms?

Introduction

Corporations in the 21st century are adjusting to the changes that occurred during the 1980s and 1990s. These changes have contributed to a highly competitive global economy. Those corporations that will survive in this globally competitive environment are those that continue to push the boundaries of improving performance. Identifying what is “best in class” or “process best practices” is an area of growing interest. Corporations and organizations are not only faced with challenges of correcting deficiencies and inefficiencies, competition is forcing firms to pursue improved practices or lose competitive position.

Of specific corporate concern is the area of supply chain management which encompasses executing the activities of design, make, deliver in producing products or services. In 2005, $500 billion U.S. dollars were outsourced, leading many corporations to develop core competencies that include the ability to manage this chain of product and or service supply. Companies with supply chain disruptions experience shareholder value declines in the ranges of 51% in process, 42% in retail and 27% in the high tech industries. Associated incomes in the large business sector are reported to drop as much as 86% when the supply chain continues to malfunction.

The Supply Chain Management (SCM) organization was relatively new as an independent self-contained organization for the firm. As such, organizational structure and business execution varied from site to site with no known systematic approach to successful program execution. The SCM organization was a consolidation of independent functions into a single function that reduced the functional elements to the roles that included planning, procurement, operations, logistics and material control functions. There were many models in existence that depict various types of supply chain elements.

Thesis Statement

This research paper studies the importance of supply chain management in the global firms. It furthermore studies that supply chain management has been modified and adapted over ...