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Essay / Research Paper Abstract
A 22 page paper that presents a literature review of supply chain management and supply chain management performance measures. The writer discusses the major components in SCM and the advantages of effective supply chain management. The writer discusses e-supply chain management. Examples are embedded in the text. The dearth of information regarding supply chain management performance measures is discussed and the writer provides examples of some approaches being used, such as SCOR and the Balanced Scorecard and demonstrating how the components of SCM fit into the Scorecard framework. Examples are provided. Bibliography lists 15 sources.
Page Count:
22 pages (~225 words per page)
File: MM12_PGscmpm.rtf
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Unformatted sample text from the term paper:
authors have commented that supply chain management is consistently cited as one of the top three practices for world class performance (Brewer and Speh, 2000; Shepherd and Gunter, 2005). Brewer
and Speh (2000) commented: "SCM is fast becoming a necessity for any firm seeking to solidify its position in the marketplace" (p. 75). Worthen (2006) explains the five primary
components of supply chain management: 1. There must be a plan. This is the strategic part of managing the supply chain. Companies need to have "a strategy for managing all
the resources that go toward meeting customer demand for your product or service" (Worthen, 2006). The company needs a way to measure and monitor the supply chain for effectiveness, quality,
value and cost (Worthen, 2006). 2. Identify and Determine Sources. In other words, select the suppliers that can deliver the services, materials, etc. that are needed to make the product.
Processes need to be established for "pricing, delivery and payment" (Worthen, 2006). There also need to be processes for developing relationships with suppliers and for managing inventory received from suppliers
(Worthen, 2006). 3. Manufacture the goods. Activities leading to the "production, testing, packaging and preparation for delivery" (Worthen, 2006) need to be scheduled, with measures for quality and productivity (Worthen,
2006). 4. Deliver, also called logistics. This involves receiving customer orders, establishing effective warehouse procedures, selecting carriers to deliver products and establishing invoicing and payment receipt procedures (Worthen, 2006). 5.
Return. Part of the supply chain is handling the return of defective or overstocked products from customers and helping customers who have problems with receiving products or with the products
themselves (Worthen, 2006). In todays market, there are many supply chains that are complex and multi-tiered (Vinas, 2001). Tier 1 suppliers sell to/provide components, etc. directly to the manufacturer, Tier
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