International Supply Chain Management | Assignment
Added on 2021-02-17
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INTERNATIONAL SUPPLY CHAINMANAGEMENT
ABSTRACTThe assessment shows the focus on sustainability in International supply chainmanagement which is focused on flow of goods and services across the globe. Entirestudy is based on academic literature where researcher reviewed different secondarysources that is Books, Articles and journals to discuss focus of sustainability in SC andits importance with regard to key drivers like, procurement and sourcing. Thus, it alsooutlined the need of maintaining balance in SC to overcome economic recession. TABLE OF CONTENTABSTRACT....................................................................................................................................21. INTRODUCTION......................................................................................................................1MAIN BODY...................................................................................................................................11. Review of academic literature............................................................................................1Sustainability centric approaches in supply chain........................................................1Criticality of sourcing and procurement process...........................................................2Sourcing, procurement planning......................................................................................4Economic recession...........................................................................................................53. Discussion..............................................................................................................................6Sustainability centric approaches in supply chain........................................................6Sourcing and procurement process................................................................................7Sourcing, procurement planning......................................................................................7Effective integration of sustainability focus....................................................................7Economic recession...........................................................................................................8CONCLUSION...............................................................................................................................8REFERENCES............................................................................................................................10
1. INTRODUCTION International supply chain management is focused on trading of good and servicesacross the globe. The scope of foreign supply chain management is increasing becauseof digital advancement which has introduced e commerce which is activity of buying andselling of goods online. Further, international SCM is not limited to buying and sellingactivities it involves movement of raw material, work in pro cess inventory till thecommodity is reached to final point of consumption. The assessment will outline driversand importance of sustainability centric approaches in SC. Further, it will outlinesourcing and procurement planning which is focus of organisation in order to managestability in supply chain management. MAIN BODY1. Review of academic literatureSustainability centric approaches in supply chainSustainability is ability of firm to maintain resources, investment, profits, revenue atcertain level in for managing balanced growth. According to Oner and Oztaysi, 2017, itis stated that understanding over sustainability centric approaches is the foremost partof management as it helps the company in determining its position as market increasingmarket competition. The approaches promote strategical thinking which helps thebusiness in attaining competitive advantage. Theory of sustainability encourages abilityto design, make and deliver creative and high quality of products and services. Theapproaches are considered to be effective because it enables cost effectiveness andlean management. Udagama, 2015, has discussed about Porter’s Market positioning strategy whichhelps the firm in deriving competitive scope and advantage with the help of fur crucialelements that is cost leadership, differentiation, focused cost leadership and focuseddifferentiation. This sustainability centric approach is used by organisation when doingbusiness across international boundaries. On the other hand, Gualandris, Golini andKalchschmidt, 2014, discussed about triple bottom line approach which is accountingapproach but is used by entities in managing balance between three aspect of companythat is financial, social and environmental. For example, Amazon which makes use ofTriple bottom line sustainability concept when doing international trading via e1
commerce. This assist the retailer in maintaining degree of social responsibility,controlling environmental risk and managing economic value of services to balancefinancial gains.Figure 1: Porter’s Market Positioning Strategy(Source: Porter's Generic Competitive Strategies (ways of competing),2016)Apart from this, Tasdemir and Gazo, 2018, discussed about lean managementapproaches like Six sigma, kaizen, etc. which are sustainability centric and incorporatedin business to minimize waste and for managing smooth and systematic flow of logisticservices. Further, the scholar stated about sustainability centric retail model which aimat understand end to end supply chain which improves traceability of entire product lifecycle. The model is centralised and therefore collaborates process by creating a pool ofpotential suppliers and retailers which helps in managing innovation and developingnew international business relationships. Criticality of sourcing and procurement processSupply chain management encompasses management and planning oforganisational activities which essential for sourcing and procurement. According toJensen, 2017, sourcing is supply chain management approach which helps in2
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