The supply chain model determines the upstream and downstream elements of a supply chain. The first is the Supply Operation Reference model, developed by the non-profit industry and consulting consortium (Pettit, 2017). It measures supply chain performance. When it comes to production flexibility in delivery and order fulfillment, returns processing costs, among others. Another model is the framework which is based on eight key activities. The cross-functional team manages each and every business process. The example includes representatives from purchasing, finance, marketing, production and logistics. Process of the American Center for Productivity and Quality, classifies the framework as a high-level, industry-neutral business process. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay There are a few benefits to supply chain management. They include creating a dynamic, cost-effective logistics and inventory process that is more feasible for the supply chain. It also controls the supply chain by managing the warehouse and inventory quickly and easily. The best way to manage the list and boost supply chain logistics is to implement inventory practices. (Van Wassenhove, 2018). Inventory management subtracts data entry errors and shipping errors associated with tracking practices. Inventory management and tracking practices maintain supply chain visibility. Although supply chain management and logistics are present in the entire universe, the administration faces the challenges that it faces. Issues include customer service, cost control, risk management, and planning (Van Wassenhove, 2018). Logistics works tirelessly and overworked to meet the expectations of suppliers and customers. Keep in mind: this is just a sample. Get a personalized paper now from our expert writers. Get a Custom Essay In conclusion, good sourcing accompanies the organization avoids shipping delays, visibility, lost revenue and chain disruption. Additionally, collaboration processes such as demand planning and data sharing between trading partners reduce risks and close gaps..