Impacts of Supply Chain Management

It is a field that allows the active streamlining of the supply sector in any business activities aimed at maximizing customer value through production of quality and certified products and also to gain the upper hand in the competitive advantage within any given business setting. The quest by any business to implement an efficient, economical flow of goods in order to allow the best and more efficient means of management in any organization. Supply chain management plays several vital critical roles in the economic development of the business and often propels the business to the positive economic growth. Supply chain management is one of the efficient ways of dealing and improving the development of the supply sources in any business entity.

The supply sources of the business is a critical move in implementing the positive steps that the industry would want to implement in regards to the needs of the suppliers. It provides the business with all the required know-how and knowledge on the customers, the suppliers, the potential threats and all the opportunities the business can harness to realize and bring about success in the general organization. Logistics als0 prepare the organization on best ways of dealing with the emerging issues and trends in the business (Ross p. Advantages and disadvantages of supply chain management across the following businesses Supply chain management plays various activities across a broad spectrum of businesses in any organization. Each company, therefore, has a way that the supply chain management has some fundamental advantages and disadvantages as openly discussed in the tables below: Advantages and disadvantages of supply chain management in global company b2b Advantages disadvantages Provide an easy way of management More costly Ensure that all the needs of all stakeholders in the business are met Requires the expertise of trained personnel Provide all the required logistics for the management of the business Domestic b2b business provider Adbvanatges Disadvantges Provide the best way if meeting the consumer needs May prove to be costly Provide a way of tackling competition Provision of other services may be hindered Web supplier for automotive parts Advantages Disadvantages Provide the best way of meeting all the required needs of the suppliers Requires research and hence may prove to be expensive Reduces costs of production Diverse needs of the suppliers may not be wholly made Consulting services offered worldwide Advantages of SCM Disadvantages Provide the best way of getting logistics Costly in operations and implementation The smooth and efficient management process Maybe challenging to meet all the needs of all customers An easy way of management Construction company Advantages Disadvantages Higher profit realization due to lower costs of management Requires more time to develop a well-concise plan Provides the best means of long-term project planning in the company Requires the services of trained personnel to implement the whole program Reduce margins for maintenance in the company Mineral commodity Exporter Advanatges Disadvantages An easy way of management May prove to be costly The best avenue for future planning Requires a lot of time to implement Import jewellery reseller Advanatges Disadvanatages Provide the best way of planning for the future High management cost Provide the best way of running the operations Requires a lot of time to on and implement Largely profitable Marketing largely depends on the proper implementation of the supply chain management and vice versa.

The effectiveness of the marketing strategy developed and assumed by any company is meant to create the best way of dealing with and upholding the face of the company to the outside world. The flexibility of the vendors is another tool that must be chosen with care to curtail any problems that might arise, The vendors selected must also have a high capability of dealing with the customers, have highly unique support services, their vocation is supreme and also the tendency for the national resources attributes. Vendors with network knowledge have a higher specialty hardware provision technique. Those with the national resources attribute can provide the necessary raw materials with ease. Those with good design can be instrumental in the supplying and machinery manufacture, and contractors and those with financial offerings can be adequately used in the service industry.