Importance Of Supply Chain Management ( Scm ) Essay

The purpose of this memo is to inform all staff of the importance and resources of Supply Chain Management (SCM). An effective SCM design assists in the enhancement, profitability, and stakeholder value for the company. Potentially, increasing opportunity for employee advancements within the organization. Through research and analysis, the SCM consists of five drivers: †¢ Production †¢ Inventory †¢ Location †¢ Transportation †¢ Information (Maududi, May) The drivers are SCM fundamentals critical to an operative process. An organization must utilize all fundamental to enhance operations in various ways. Productivity is easier to accomplish with teamwork. Teamwork is comparable to a chain. Links joining other links together, making one strong element. Just as a Supply Chain must be a unit, so must be the segments of the Supply Chain. Cohesive employees implementing the fundamentals are critical for SCM and its effectiveness. Collaboration with the organization’s employees will make a difference in the SCM process. Production and Transportation Raw material is the start of the supply chain (point A). Different materials from different locations come together to manufacture a product (point B). The link in between point A and point B is the mode of transportation (Palmen, 2016). The manufacturer/ distributor will ship through retailers, until it reaches the end-user. The whole process is a chain of events that occur when moving supplies from one end to another (Palmen,Show MoreRelatedImportance Of Supply Chain Management ( Scm )3206 Words   |  13 Pages The Importance of Supply Chain Management Term Research Paper Ryan Hibbs Dr. Stanton BUS 311 B 8 December 2014 Importance of Supply Chain Management The leading companies around the world utilize a new method of business coordination that gives them a competitive edge in the market. Supply chain management gives companies the power of that competitive edge. 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