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Supply Chain Management: Advantages, Limitations, Methodology, and Ethical Issues

   

Added on  2023-06-04

9 Pages1577 Words444 Views
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Supply Chain
Management
Supply Chain Management: Advantages, Limitations, Methodology, and Ethical Issues_1

Introduction
Supply chain management has been employing a lot of people due to its bulky
operations. Technology has actually come to reduce the work and therefore a lot of
people have been fired from their workplaces. In new Zealand, DHL has actually fired
a lot of people in supply chain management.
The terminology and conceptual apparatus in this area of knowledge is constantly
being refined and changed, being filled with new content. Availability of various
national schools and trends in logistics and supply chain management. The
interdisciplinary nature of logistics and supply chain management and the
combination of economic and engineering disciplines
Supply chain management over the past few decades is one of the most
dynamically developing concepts at the junction of marketing, logistics, operations
management and strategic management (Christopher, 2016).
The presence of a large number of terms from different fields of knowledge. This is
also due to the fact that leading experts in this field of knowledge are initially
experts in other areas: management, marketing, commerce, various engineering and
technical specialties.
Supply Chain Management: Advantages, Limitations, Methodology, and Ethical Issues_2

Methodology
The absence of some logistics terms in various languages, as well as their inaccurate
understanding in different countries. The use of different terminology can be explained by
the authors belonging to one or another logistics school, as well as the desire to focus on
certain aspects of the logistics process.
For example, the term “physical distribution” was used in the United States in the second
half of the twentieth century as a synonym for the modern concept of logistics, and now it
refers to one of the functional areas of logistics and is synonymous with the term
“distribution”. SCM (Supply Chain Management) supply chain management systems
support a management technology that implements the Customer Synchronized Resource
Planning (CSRP) concept.
which presupposes the availability of management capabilities for elements of the
production chain that are external to the enterprise, namely the material flow system in
the network of suppliers of raw materials and components.
SCM systems are in charge of logistical operations throughout the full product life cycle,
that is, the process of developing, manufacturing, selling and after sales service.
Supply Chain Management: Advantages, Limitations, Methodology, and Ethical Issues_3

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