Managing Costs in Supply Chain

This assignment explores the importance of managing costs within a supply chain. It highlights key issues related to cost efficiency, emphasizing the role of effective supplier-customer relationships and organizational productivity. The author suggests implementing a centralized system for information management and streamlining operations to reduce overall production costs. The paper also draws upon relevant academic sources like Monczka et al. (2015) and Stadtler (2015) to support its arguments.

Running head: REFLECTIVE BLOG
Reflective Blog
Name of the Student
Name of the University
Author Note

1REFLECTVE BLOG
Summary
The purpose of this blog is managing costs across the supply chain. I think supply chain
management is a very important aspect in the global economy. In this paper some important
issues will be highlighted and the smart change options will be discussed.
The main purpose of the supply chain managers is to improve the cost efficiency of the
organizations. The cost management has to be discussed properly. I think it is extremely
important to manage the cost efficiency within the working operations of the organizations.
Meaningful ideas
The costing in the supply chain management is one of the very important things indeed.
This kind of costing depends on the relation between the supplier and customers. The costing
between the suppliers and customers can be extended towards the management for the
organizational productivity.
The organizations will look to put more effort in the completion of their projects in a
more efficient way. If the supply chain works efficiently, the total production costs will be made
less very effectively.
Personal connecting
These ideas can be applied to the organizations effectively. This will be very much
important to set up a better supply chain and logistics management into the organizations to get
the best benefits indeed. The manufacturing costs of the products will decrease as well in this
way.

2REFLECTVE BLOG
Changes
If the employees spend too much time or space to find the way outs, it will be very hard.
The information can be utilized properly indeed.
A central system should be set up with a very limited number of people to control the
work properly.

3REFLECTVE BLOG
References
Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2015). Purchasing and
supply chain management. Cengage Learning.
Stadtler, H. (2015). Supply chain management: An overview. In Supply chain management and
advanced planning (pp. 3-28). Springer, Berlin, Heidelberg.