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Essay / The Concept of Supply Chain Management - 1236
In this essay, I will discuss the concept of supply chain management by analyzing the different types of supply chains. I will then examine the concept of sustainability and how it applies to SCM. This will lead us to discuss that SCM also involves the process of designing new products and services as well as strategic capability and project management. A supply chain involves various entities involved in the business process from start to finish of delivering a product (good or service) to its final consumer (Cooper, Lambert & Pagh 1997). This supply chain management (SCM) process includes many activities and information flows such as material procurement, manufacturing and packaging process, followed by storage and warehousing of finished products before being distributed to retailers for end-user consumption. (Cooper, Lambert and Pagh 1997; Griffin and Thomas 1996). SCM involves the coordination of the following functions: strategic partnerships with suppliers, quality of information sharing, management of internal functions, and loyal customer relationships (Barbosa-Póvoa, Barros & Blanco 2013). Successful integration of these functions should, in turn, improve production flow and maintain an effective relationship between suppliers and customers and thus ensure that their expectations are met (Hung et al. 2010). As customer needs differ, so does diversity. supply chains, which can be tailored to a company's specific needs. The four main types of supply chains are: lean, agile, fully flexible, and continuous replenishment. Lean supply chains are characterized by minimization of costs and waste through the ability to achieve maximum output with minimal use of resources, including middle of paper......the project. The annual Vivid Sydney Festival of Lights, for example, engages in strategic capacity management for the Vivid project by planning sufficient resources to last its 18-day festival (Vivid Sydney 2015). SCM is obviously a comprehensive structural tool, offering businesses a range of choices best suited to the nature of their operations. Various concepts are also integrated throughout the supply chain process, including that of sustainability. The idea of sustainability is not limited to lean supply chains, as it also exists in the context of fully flexible and continuous replenishment supply chains, concerned with having the necessary resources to adapt to external situations in a manner sustainable. Along the same lines, SCM extends beyond procurement, production, and logistics systems because each type of supply chain is designed to respond to various situations..