Throughout this assessment, different views of the proposed analytical frameworks will be analysed, as well as insights from other authors about Supply Chain Management, Global Supply Chains, Global Value Chain and Global Production Networks, in order to more clearly understand the complexity of the themes addressed. Supply chain Management: Regarding Supply Chain Management (SCM), there are two different frameworks, each one with its view. The first, focused on a mainstream view, is developed by Martin Christopher while the second one is presented by Andrew Cox and it develops a more critical approach. The first gives the reader an understanding of the concept of SCM and how firms can stand over time and become more efficient, through a competitive …show more content…
Although “most writing in the area is primarily focused on the supply chain at an operational level” (Cox 1999, p.169), the framework is focused to the exclusivity that each one has at its entrepreneurial level and is that what best describes each strategy. The focus is mainly to emphasize the absence of a theory behind it when certain writers insist on pushing that idea (Storey et al., 2006). Looking for the Toyota case, company which recognized the impossibility of reproducing the “Western culture” (Cox, 1999:173) and taking into account, the author recognises that the decisions made at that time were not due a specific pre-determined analytical model but simply because of the conditions faced, particularly in terms of the power relations within the chain. It is this concept of power that allows control of certain firms in the network and appropriation of value in transactions when delivering value to customers, coming up the concept of dominant player within a supply chain. As all practitioners wants to hold value, it generates interest conflicts both horizontal, between competitors, and vertical, among buyers, suppliers and
WISNER, J.D., TAN, K. and LEONG, G.K., 2009. Principles of supply chain management : a balanced approach / Joel D. Wisner, Keah-Choon Tan, G. Keong Leong. Mason, OH : South-Western Cengage Learning, 2009; 2nd ed. pp 111-113,262
Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2008). Designing and managing the supply chain. (3rd ed., pp. 143-177). New York, NY: McGraw-Hill.
What are opportunities and challenges related to global supply chain management, include reference to the five stages?
Generally, a superior supply Chain is an important and unique source of competitive advantage. Its importance is especially illuminated in Multinational companies such as Toyota. Putting this into consideration, the question that now begs for an answer is whether Toyota’s supply chain is effectively serving the organization. Without a doubt, Toyota ha...
When businesses start making money, the upper management focusses on maximizing speed, but when the economy is bearish, companies try to minimize supply costs. But there is an issue with this approach, companies who become more efficient and cost-effective, they do not gain a sustainable advantage over their rivals. What gives supply chains of Dell, Amazon and Wal-Mart, the edge over their competitors is not their efficiency but differentiating characteristics such as agility, adaptability and aligning the companies with sustainable competitive advantage.
Before we start, we would like to briefly introduce the definitions of Supply Chain and Supply Chain Management (SCM).
Companies are finding ways to improve its flexibility and competitiveness by changing its operation strategy, technologies that have implementation of Supply Chain Management (SCM) paradigm. For example, IKEA. It is the world’s largest home furnishing retailer having 298 stores in 37 countries with huge competitors around the world. However, it has a unique supply chain and inventory management techniques that makes it different and unique from others.
Lee, H. (2010). Don’t tweak your supply chain: Rethink it end to end. Harvard Business Review, 88(10), 62-69.
Today’s organizations are faced with increasing levels of global competition, customer’s demanding value for their money and high stakeholders expectations on investment returns. Gattorna (2003), notes that firms are now pursuing supply chain management as a strategy to competitive advantage. Firms in a supply chain relate, transact, and partner on different levels; from product design and development to product delivery. Through supply chain management a firm pursues value creation through timely product delivery, cost management, inventory control and customer service (Beamon, 1999).They do so individually or through synergies formed with other organizations to increase customer service
Global Supply Chains is chains, clusters, networks of firms involved in different activities and stages of production that are linked by the flow of commodities, value, and information. There are many frameworks in enabling us to understand and analyse how a global supply chain is managed, maintained and operates. In this essay I will be examining the strengths and limitations of three analytical frameworks.
A brief review of the history of the development of supply chain management was referred to as far back as 1832 in Charles Babbage book on the “Economy of machinery and manufacturing”. Monczka (2002) suggested that after 1850’s greatest development of purchasing occurred, which makes a contribution to overall company profitability. The modern purchasing functions of the supply chain were applied in World War I and in the period of 190 to 1939 to purchase of raw materials with the particular focus on procuring raw materials.
National and International businesses are becoming ever more dependent on logistics and supply chain management in order to keep pace with the demands of an increasingly global economy. This is why business leaders acknowledge that the supply chain can be a value creator and a source of competitive advantage.
‘Supply chain management integrates supply and demand management within and across companies. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, thir- party service providers, and customers’. (Web: Council for Supply Chain Management Pr...
The key performance drivers of Supply Chain Management (SCM) are - facility effectiveness, inventory effectiveness, transportation effectiveness, information effectiveness, sourcing effectiveness, pricing effectiveness, delivery effectiveness, quality effectiveness and service effectiveness. These drivers include various performance markers that may be measured quantitatively by gathering information and applying them in SPSS. The works here may principally be quantitative with spellbinding measurable investigation. In the current world, practical supply chain management to help the triple primary concern, (nature, domain, and economy) is likewise included in the extent of supply chain performance drivers. This is relatively a quite new research region.
Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,