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The Effective Supply Chain Model, Its Features and Importance

  • Category: Government
  • Subcategory: Economy
  • Topic: Supply
  • Pages: 1
  • Words: 283
  • Published: 28 January 2019
  • Downloads: 22
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The model of chain supply

The model of chain supply determines the upstream and downstream elements of a supply chain. First is Supply Operation Reference model where it was developed by the consortium of industry and non-profit council (Pettit, 2017). It measures to the performance of supply chain. Where it involves delivery and order fulfillment production flexibility, returns processing cost among others. Another model is the framework that has built on eight key businesses. The cross-functional team manages each business process and it. The example includes purchasing, finance, marketing, production and logistic representatives. American Productivity and Quality Center process, Classifies the framework as high- level and industry-neutral enterprise process.

There couple of benefits that are involved in supply chain management. They include creating dynamic, cost-effective, logistics and inventory process is more feasible to supply chain. It also controls the supply chain in managing warehouse and inventory is quick and easy. The best way to handle the list and boost supply chain logistics is to implement inventory practices. (Van Wassenhove, 2018). The inventory management subtracts entry of data errors and shipping mistake that are associated with tracking practices. The inventory management and tracking practices maintain supply chain visibility.

Though supply chain management and logistic is in the whole universe, the administration has the challenges that it faces. The problems include customer’s service, cost control, risk management and planning (Van Wassenhove, 2018). The logistic works tirelessly and overworked to meet the expectation of suppliers and customers.

In conclusion, good supply accompanies organization avoids shipment delays, visibility, revenue losses and chain disruption. Also, collaboration process like demand planning and data sharing across the business partners reduces risk and closing the gap.

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GradesFixer. (2019, January, 28) The Effective Supply Chain Model, Its Features and Importance. Retrived August 25, 2019, from https://gradesfixer.com/free-essay-examples/the-effective-supply-chain-model-its-features-and-importance/
"The Effective Supply Chain Model, Its Features and Importance." GradesFixer, 28 Jan. 2019, https://gradesfixer.com/free-essay-examples/the-effective-supply-chain-model-its-features-and-importance/. Accessed 25 August 2019.
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