Supply Chain Management



Supply Chain Management

Introduction

Supply chain management is the proper management of the sourcing of the products to manufacturing and retailing it to the customers. The feedback that is gained from the privately trading organizations regarding supply chain management is very thoughtful, however the implications in the long period are only being figured out. Many organizations face the additional demands of substantial reporting over the specific mandates given by the laws.

Discussion

The law does not discuss anything about how the higher authorities are obliged to confirm that the situation of an organization could be clearly reflected through their financial statements. This is mainly their decision and therefore shows that for many organizations there cannot be more than one enterprise(Shulz, 2000). These are the environment of the higher managing authorities and on the other hand labor, workings and the underrated employees of the organization. The company operation details that basically are of lesser interest for the C level executives would change as a great interest for them. An example can be considered in this regards where the director of a logistics company told that he was to be capable enough to create a number of criteria that were pre defined in order to justify selecting the lines for ocean shipping as well as the rate that are to be paid if ever the contract comes into scrutiny(Tirschwell, 2004).

There are many organizations around the globe that do not have a proper strategy for the management of supply chain even in the higher levels of management. The concept of supply chain is not being applied by higher managements as well. Based over a survey it was found that almost 37 percent of the organizations had a strategy for the management of their supply chain. This shows how much unclear the concept of supply ...