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  • Essay / Supply Chain Management Case Study - 1285

    Supply Chain Management: The Heart of the IndustryOver the past two decades, there has been rapid growth and a need for Individuals specializing in supply chain management (SCM). SCM constitutes the central planning of all industrial work and is the logistical engine that ensures the efficient functioning of the manufacturing world; keeping a company's goods and services in constant supply to its customers: "A fundamental element of any business strategy is the supply chain process or the strategy for delivering goods and services to the consumer" (Thomas, 2010 ). SCM requires a disciplined understanding and use of areas such as economics, computer systems information, and marketing. There is a big difference between a company with an effective SCM system and a company with an inefficient supply chain affecting everything from labor productivity to consumer loyalty. According to Rhonda R. Lummus (1990), "interest in supply chain management has been growing since the 1980s, when companies realized the benefits of collaborative relationships within and beyond of their own organization” (p. 11). Supply chain management is the central core of any business strategy and when an effective model is implemented, the benefits are shared by both the consumer and the producer. “What is supply chain management?” » Before we can answer this question, we must understand that the basic principle of SCM is to have managers equipped with skills and competencies (Gammelgaard, 1998). What do we mean by skills and competencies? Although all good employees and successful workers are qualified and competent, GCS requires that these skills cover context-independent general knowledge (Gammelgaard, 1998). When researching SCM, one quickly discovers that it is linked to...... middle of paper ......M, in recent years, has proven itself to be an essential in running a business. There is a high demand for skills that organize a business based on its function and communication. Professional skills encompass many different disciplines and have one major goal: to streamline an organizational model in order to deliver better and more efficient services and goods to the consumer. The main purpose of the existence of a business is initially to make profit, but eventually, this purpose transforms into profit maximization, and this is where supply chain management becomes indispensable for a business, as we saw with the example of Hewlett Packard. . It requires experienced know-how in order to deal with many real-world problems in an increasingly restricted world and make everything appear smooth and flawless in the eyes of the client..