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Write 6 pages with APA style on I don't care, anything along the lines of engineering. I am doing Industrial engineering if you can find any articles around that.
Write 6 pages with APA style on I don't care, anything along the lines of engineering. I am doing Industrial engineering if you can find any articles around that. I am amazed to see the application of supply chain management in medical and emergency missions, rescue and relief efforts in times of disasters and other societal settings improving the living standards. Thus, I see a great prospect for the supply chain management in the near future.
Supply chain management is an important aspect for efficient production because supply chain controls and manages the flow of product. In other terms, supply chain controls the flow of capital in an industrial setting. The title supply chain management encompasses all the activities from planning and control of materials and/or information within different parts of one organization or between different companies. Supply chain management links different portions of industrial activities like manufacturing, purchasing, distribution of commodity and its transportation. Thus, every field of engineering gets integrated with the operation of production efficiency (Reddi and Moon).
It is interesting to note that in an industry, important activities like transportation, warehousing, and inventory control, sourcing, procurement and supply management all comes under the single head of supply management. While, outside of the organization, supply chain management includes interactions with suppliers, distributors, carriers, and with customers. Thus, results in increased market share and better competitive advantage.
In order to successfully compete in the market company needs two things. first to control the expenditure on the production (i.e., product should be cost effective) and secondly, the product must satisfy the needs or desires of the costumes. In such a way, the company maintains its competitiveness while expanding market share. Pricing, thus, plays an important role in this regard (Zhang, Wang and Li).
It’s amazing that the whole world works like a giant supply chain system. Highly developed supply chain necessitates best infrastructures, i.e.