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Essay / Research Paper Abstract
A 22 page paper. This essay discusses supply chain management perspectives, activities and components in supply chains. It also discusses supply chain management in the retail grocery industry and the factors that affect management of retail grocery supply chains. Examples of major grocery chains in the United States, the United Kingdom and Europe are provided and discussed. The essay also comments on the difficulties of measuring the performance of supply chains. Bibliography lists 25 sources.
Page Count:
22 pages (~225 words per page)
File: ME12_PGgrosc9.rtf
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Unformatted sample text from the term paper:
other places.] Introduction Supply chain management is an essential component of the operations of any company. Supply chains may have many levels until the product finally reaches the retail
store and a customer purchases the item. This essay discusses supply chain management perspectives, activities and components in supply chains. It also discusses supply chain management in the grocery or
food store sector and the factors that affect management of supply chains. Examples of major grocery chains in the United States, the United Kingdom and Europe are provided and discussed.
The essay also comments on the difficulties of measuring the performance of supply chains. Supply Chain Philosophies and Functions There are four perspectives related to the supply chain framework,
each of which would need to be monitored for success. The perspectives are: goals perspective, which would relate to reducing unit costs or waste or being more flexible (Brewer and
Speh 2000). The Customer Benefits perspective is about achieving the goals that provide benefits for the customer; the financial benefits perspective emphasizes reduced cost and greater profit; and the SCM
Improvement perspective, which is more complex and includes using identified best practices, continuous learning and improving and working for a sustainable competitive advantage (Brewer and Speh, 2000). Some authors suggest
there are just three levels of activities relative to supply chain management. Strategic activities emphasize optimizing networks and developing various partnerships with different stakeholders (exforsys.com 2009). Communication is especially important
in these activities (exforsys.com 2009). Tactical activities are about things like sourcing, planning and decision-making (exforsys.com 2009). Operational activities include all the many different tasks involved in meeting the companys
production schedules (exforsys.com 2009). Wailgum and Worthen (2008) comments that supply chain management (SCM) is both art and science. According to these authors, there are five components in supply chain
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