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Supply Chain Management Assignment (Sample)

   

Added on  2021-04-17

9 Pages2872 Words27 Views
Running head: BUILDING SUCCESS IN COMMERCEBuilding Success in CommerceName of Student:Name of University:Author’s Note:

BUILDING SUCCESS IN COMMERCE1Table of ContentsBackground......................................................................................................................................2Research Aim...................................................................................................................................3Research Questions..........................................................................................................................3Research Methods............................................................................................................................3Data Collection................................................................................................................................4Data Analysis...................................................................................................................................5Recommendations............................................................................................................................6Conclusion.......................................................................................................................................6References........................................................................................................................................8

BUILDING SUCCESS IN COMMERCE2BackgroundAs stated by (Fernie and Sparks, 2014), supply chain management is identified as theflow of goods with the implementation of quality driven, time driven and demand drivenstrategies. The main aim of the supply chain has been seen to be based on fulfilling the customerdemands by applying most efficient use of resources which includes “distribution capacity,inventory and labour” (Ross, 2015). Some of the main form of future trends and challengespertaining to this industry has been identified with impact of e-commerce, emergence of 3Dprinters, role of big data, increasing use of cloud computing, complexity in the urban deliveriesand integration of SCM (Christopher, 2016).As discussed by (Gattorna, 2017), E-commerce industry has been recognized with aprominent role in the supply chain in the last three years. This will have a significant impact onthe supply chains among many retailers. The statistics of 2013 has depicted that the customersfavour online shopping even during festive seasons. E-Commerce entities are inferred withincreasing use of innovative practices to upsurge customer influence. In addition to this, theemergence of the new technologies such as 3D Printer has allowed in making of any three-dimensional object from any 3D model or other form of electronic source. This technology hasbeen identified with the potential of decreasing inventory and storage costs by creatingcustomized parts as per the requirement. However, this eliminates the need to maintain uniqueparts in the inventory whose demand are generally less but valued at a very high price and profitmargin (Monczka et al., 2015).As stated by (Zhong et al., 2016), it has been further discerned that big data has allowedto easily access the information pertaining to customer behaviour and purchasing tendencies. Theuse of big data has allowed for significant inputs to understand the customer requirements relatedto online and in-store shopping. Based on the changes in the supply chains the main challenge inusing the big data information has been considered with knowing the buying pattern ofconsumers (Sykes, 2018). Additionally, due to the enormous depository of data available in bigdata it is often difficult to trace a specific information. In the recent times the logistics andwarehouse operator are observed with increasing use of cloud computing to host IT supply chainon a centralized cloud rather than physical systems situated in several locations. The use of cloud

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