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The Concept of Supply Chain Management (SCM)

   

Added on  2020-01-21

7 Pages1829 Words36 Views
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The Concept of Supply Chain Management (SCM)_1
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3Motivation to the study and methods...........................................................................................3Research Aim and Objectives......................................................................................................3Objectives....................................................................................................................................3Research Questions......................................................................................................................4LITERATURE REVIEW.....................................................................................................................4RESEARCH METHODOLOGY.........................................................................................................5Anticipated outcomes..................................................................................................................5Contribution of the study.............................................................................................................6REFERENCES.....................................................................................................................................7
The Concept of Supply Chain Management (SCM)_2
INTRODUCTIONSupply chain management means organizing, forecasting, controlling, procurement,inventories and deliveries of products and services to the customers. It can be defined as abackbone of e-business these days (Vakharia, 2002). However, electronic supply chainmanagement is all about optimizing the business processes as well as its overall value in everycorner of the enterprise starting from supplier's supplier to customer's customer. The conceptmakes use of e business as well as web technology so as to manage the operations that areupstream and downstream. The approach thus makes an attempt to unite all the steps that are thepart of business cycle. This starts from initial phase of product design to procuring raw materials.This takes place through shipping, distribution and warehousing and ends until the finished goodhas not been delivered to the consumer. By taking this concern into consideration, majority of UK based organizations areadopting electronic supply chain (E-SCM) management in their existing operations. Theconcepts combine elements of e-business and supply chain management. With the help of this,company can depict the way in which trade channel members are working together just tooptimize the resources and opportunities (Johnson and Whang, 2002). In this regard, the present study is based on the reasons for the growth of electronicsupply chain management as well as it’s an adoption by e-business. This study takes place for theanalysis of different organizations of UK. With the adoption of E-SCM they can minimize theircost and also integrate business enterprise closely with all the other players involved in theprocess. Motivation to the study and methodsThere has been a rapid growth in the area of e-commerce which has enhanced my interesttowards the given subject area. I further wish to make my career in this field hence I aminterested to know about advancement of business processes. Moreover, I lack proper knowledgein this subject area. Hence I wish to learn about the intricacies of the same. Research Aim and ObjectivesTo examine the adoption and growth of electronic supply chain management (E-SCM) by e-business: A case study of UK based companies
The Concept of Supply Chain Management (SCM)_3

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