Supply Chain Management (SCM) Essay

Pages: 3 (976 words)  ·  Bibliography Sources: 3  ·  File: .docx  ·  Level: Master's  ·  Topic: Business

SAMPLE EXCERPT . . .
However, according to Jeff Eck, who works for Global Exchange Services located in Gaithersburg in the United States, among the strong points of NIST is the capability for it to give vendor neutral testing areas which is used to figure out the product interoperability.

Meanwhile, the movement and efforts towards supply chain cost cuttings will go ahead regardless of whether the funding legislation from the congress receives the green light or not; this is because most manufacturers have realized that there is significant potential in cutting back costs with the use of supply chain management and by implementing supply chain standards, a great deal of benefits will be obtained by most industries. However, the benefits for the companies to pursue and make an effort on these standards are not always apparent as the savings are mostly realized in the supply chain itself, while there is a lack of balance between since the savings are mostly with the suppliers while the power is normally associated among the manufacturers.

Buy full Download Microsoft Word File paper
for $19.77
Meanwhile, the new culture of joint ventures, business partnerships and strategic alliances during the 21st century has also led to changes in the business culture and led towards the promotion of supply chain networks. Moreover, the new era of access of cheap communication has also allowed the sharing of logistics and ideas with one partner and another which leads to a win-win situation without both parties having to invest resources to research on the same thing. The promotion of such activities would also improve supply chain management and also lead to some impressive results in the long-term for all businesses, regardless of the industry.

Essay on Supply Chain Management (SCM) Is Assignment

It is clear to see that the benefits of introducing supply chain standards are quite immense and more focus and attention should be given to these aspects in order to make companies more competitive and more productive. Governments need to invest more money towards assisting most firms with better supply chain management and also introduce a platform where companies from the same as well as different industries can come forward and share their supply chain related logistics which will ultimately help the economy a great deal and potentially save millions of dollars.

References

Analysis of Standards for Lifecycle Management of Systems for U.S. Army. (n.d.). MSID Publications. Retrieved August 15, 2012, from www.mel.nist.gov/msidlibrary/doc/NISTIR_7339.pdf

Thibodeau, P. (n.d.). Supply Chain Standards Up for Federal Funding - Computerworld. Computerworld - IT news, features, blogs, tech reviews, career advice. Retrieved August 14, 2012, from http://www.computerworld.com/s/article/75092/Supply_Chain_Standards_Up_for_Fede

Wailgum, T., & Worthen, B. (n.d.). Supply Chain Management Definition and Solutions CIO.com. CIO.com. Retrieved August 14, 2012, from http://www.cio.com/article/40940/Supply_Chain_Management_Definition_ [END OF PREVIEW] . . . READ MORE

Two Ordering Options:

?
Which Option Should I Choose?
1.  Buy full paper (3 pages)Download Microsoft Word File

Download the perfectly formatted MS Word file!

- or -

2.  Write a NEW paper for me!✍🏻

We'll follow your exact instructions!
Chat with the writer 24/7.

Supply Chain Management Systems Literature Review


Supply Chain Management Essay


Operations Strategy Supply Chain Management Research Proposal


Logistics Supply Chain Management (Scm) Term Paper


Supply Chain Management How Analytics Are Transforming Discussion Chapter


View 200+ other related papers  >>

How to Cite "Supply Chain Management (SCM)" Essay in a Bibliography:

APA Style

Supply Chain Management (SCM).  (2012, August 18).  Retrieved May 30, 2020, from https://www.essaytown.com/subjects/paper/supply-chain-management-scm/6356749

MLA Format

"Supply Chain Management (SCM)."  18 August 2012.  Web.  30 May 2020. <https://www.essaytown.com/subjects/paper/supply-chain-management-scm/6356749>.

Chicago Style

"Supply Chain Management (SCM)."  Essaytown.com.  August 18, 2012.  Accessed May 30, 2020.
https://www.essaytown.com/subjects/paper/supply-chain-management-scm/6356749.