Friday, December 20, 2019

The Mainstream Supply Chain Management - 1649 Words

The question requires us to critically analyze the strengths and weaknesses of mainstream supply chain management with the help of other critical frameworks of GSCs. This essay question will be answered by overall analyzing the Mainstream Supply Chain (MSC) as introduced and researched by one of the most notable authors on the topic and these strengths and weaknesses shall be further assessed with other frameworks of GSCs known as the critical supply chain management, Global Commodity Chain (GCC) and Global Production Network (GPN). All these various frameworks of GSC show the detailed researches carried out by different authors shows how each framework depicts its prescriptions regarding their respective frameworks and how they differ from their characteristics from one other. In its very essence, GSC refers to a phenomenon stemming from rising integration of the world market (Globalization) and the growing disintegration of the production processes (outsourcing and offshoring). The framework in question of GSCs is the mainstream supply chain. This supply chain can be best defined by the quote, â€Å"The management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain as a whole† (Christopher). The framework of mainstream supply chain primarily aims to deliver value for its customers at a lesser cost. This can be done by achieving competitive advantage over the production of itsShow MoreRelatedThe Strengths And Weaknesses Of Mainstream Supply Chain Management1569 Words   |  7 Pages‘With the help of critical analytical frameworks to GSCs analyse the strengths and weaknesses of mainstream supply chain management’ BUS 326 – Coursework Introduction During the past decades many academics strived to conceptualise a framework that explain what a global supply chain is and how it is managed. GSC is an old phenomenon as it derives from colonialism, where European countries threatened weaker populations in Asia and Africa taking advantage of their resources, but it strongly developedRead MoreMarketing Analysis : Global Supply Chain Essay1721 Words   |  7 PagesGlobal supply chain remains a highly contested theme and there have been many attempts to define the real winner and competition of market power in the literature. The participant network varies in size and scope, depending on the products involved, geographic dispersion of supply and demand, and customer service requirements. Martin Christopher (2011: 15) states that within global supply chains the real competition is not company against company but rather, supply chains against supply chains. ThisRead MoreMain Characteristics Of The Three Analytical Frameworks Supply Chain Management1537 Words   |  7 PagesIn this essay, I will outline the main characteristics of the three analytical frameworks supply chain management (SCM), global commodity chains (GCCs) and global production networks (GPNs) and assess their strengths and weaknesses. The approaches differ and share similarities in their objectives, ideas, actors, perspectives, focus and conceptual tools. Firstly, Supply Chain Management approach is characterised in its focus on comparative advantage through cost and value advantage. It can be perceivedRead MoreStrengths And Weaknesses Of Supply Chain Management1692 Words   |  7 Pagesthere is a growing need to understand how supply chains are organised and why. In this essay we aim to examine strengths and weaknesses of three frameworks, supply chain management (SCM), global commodity chains (GCC) and global production networks (GPN). As can be understood by their names the two latter frameworks examines how global supply chains are built meanwhile SCM focuses on how companies can achieve competitive advantage with help of their supply chains. 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Introduction The report highlights in detail the role and the importance of Supply Chain Management (SCM) in an organization with respect to Radio Frequency Identification (RFID) and its growing impact in the industry and talks about the changing SCM trends keeping RFID as the focal point. Over the past few years, the increasing dynamism and competition in the business operating environment has led to a lot of changes in how the companies conduct themselves with respect to its customers. CustomersRead MoreLean Production Is A Benefit For Selling Products946 Words   |  4 Pagesfocus can be utilized as a benefit for selling products and furthering assistance to customers. All while in sync, it is about making the association of the business or supply chain more productive, vaulable and more importantly effective. 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