Supply Chain Management Increasingly Positioned a Key Essay

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Supply Chain Management increasingly positioned a key strategic enabler helping organisations ADD VALUE push boundaries performance" ( e-business shortens supply chain) the Report yo submit largely work-based thoughts, ideas, views, opinions words.

Supply Chain Management

Supply Chain Management is increasingly been positioned as a key strategic enabler helping organisations to add value and push the boundaries of performance

The modern day buyers are more and more pretentious; the organisational staff members are more and more demanding; the competitive environment is more dynamic; the legislations change and the technology evolves. Virtually, the internal and external environments of the firms are in a continuous process of change and the organisational leaders have to devise a wide array of mechanisms by which to cope with the new challenges, to take advantage of their opportunities and to limit their threats.

One important tool used in this direction is represented by Supply Chain Management. The current project as such sets out to assess the Supply Chain Management (SCM) through the lenses of its ability to create value. In other words, more and more recently, Supply Chain Management is being perceived as a strategic key enabler that helps economic agents to create more value and to also push their own boundaries.

Supply Chain Management is a complex concept, with numerous definitions. At a generic level however, it derives from logistics theories and operations and it includes the totality of mechanisms and operations completed in order to ensure that a product is created and delivered to the end consumer.

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The scope of the Supply Chain Management is for it to be efficient, effective and create competitive advantages for the firm.

In order to better assess the value creation ability of the Supply Chain Management, the SCM of Tesco is being assessed. Before this practical analysis however, the project would also present some theoretical pointers as to how Supply Chain Management creates value for the firm and supports it in overcoming its limitations. Some of these include decrease costs, decreased response times, superior management of the inventory or generally increased performance, efficiencies and collaborations between the members of the supply chain.

At the level of Tesco, it is believed that an important role in its success is played by the company's Supply Chain Management. This is developed and operated by the firm itself, and it is active on multiple fields and channels. Through it for instance, the company strives to improve inventory, customer satisfaction and freshness of products. The SCM at Tesco is continually changing to ensure that the firm is able to quickly identify and respond to the changing features of the environment. This element allows the company to create more value and to push the boundaries of its performance.

Table of contents

Executive summary

51. Introduction

62. Understanding Supply Chain Management

73. Supply Chain Management as creator of added value

73.1. The theoretical stance

93.2. The practical stance -- the case of Tesco

114. Conclusions.....

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