Article Summary: Supply Chain Management and Business Strategy

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Added on  2021/04/16

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This report presents an article summary focusing on supply chain management, drawing insights from two articles. The first article emphasizes the importance of supply chain management for sustainable growth, highlighting the role of diversity initiatives, market research, and the impact on customer relations. It also acknowledges the challenges of substitute threats. The second article discusses the complexities faced by wholesalers in maintaining robust supply chains within a competitive environment. It underscores the significance of strategic approaches, the impact of competitor tactics, and the role of managers in fostering employee engagement. The report also mentions the importance of improving workplace relations and applying the theory of planned action and planned behavior to address these challenges. The summary includes the references used in the articles.
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Running head: ARTICLE SUMMARY
Article Summary
Name of the Student
Name of the University
Author Note
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1ARTICLE SUMMARY
Cornell Notes
Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.)
Topic: Transportation Economics
Essential Question:
Questions/Main Ideas:
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2ARTICLE SUMMARY
Notes:
Article 1
Employers Seeking to Expand Diversity Efforts Looking at Supply Chains
Summary
Achieving sustainable growth through supply chain management generates high value for
the businesses. The aspect of supply chain is crucial in terms of enhancing the standards of
corporate social responsibility. Initiative from the employees regarding diversification of the
supply chains reflects their professional development. This initiative justifies the recruitment and
selection process (Christopher, 2016). Market research regarding the various supply chains adds
value to the efforts put in by the employees towards enhancing the stability in the relationship
with the customers. This market research generates high investment returns, enhancing the
productivity of the business. The immediate outcome of this effort is introducing lucrative deals,
trades and transactions for the customers. Threat of substitutes is the biggest challenge in the
process of conducting the market research, which needs to be dealt rationally.
Article 2
Assessing complexity of supply chains: evidence from wholesalers
Summary
Wholesalers encounter complexities in terms of maintaining a strong and effective supply
chains. This is specifically in the competitive ambience. Strategic approach in this direction is of
utmost importance in terms of creating a strong supply chain network. Consideration of the
complexities from various shades makes the wholesalers aware of the tactics, used by the
competitors for overpowering the wholesalers (Jacobs, Chase & Lummus, 2014). These tactics
adversely affects the productivity of the wholesale business. Here, the role of the managers is
crucial in terms of involving the employees in the process of developing the strategies. For
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3ARTICLE SUMMARY
overcoming the complexities, the first step is to improve the relations in the workplace. Unity
and coordination bestows efficient and effective solutions for overcoming the complexities.
Considering the theory of planned action and theory of planned behavior is essential for
assessing the approaches towards the proposed solutions.
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References
Christopher, M. (2016). Logistics & supply chain management. Pearson UK.
Jacobs, F. R., Chase, R. B., & Lummus, R. R. (2014). Operations and supply chain
management (pp. 533-535). New York, NY: McGraw-Hill/Irwin.
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