Theories of Supply Chain Management: Reflection Case Study

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Managing the Supply Chain

Research an extended enterprise supply chain and identify key issues

Value driven supply chains are based on a variety of practices and assumptions. They tend to use the supply chain management to create a competitive advantage to improve a company's performance. The benefit of strategic supply chain management is seen in how an enterprise like Wal-Mart has used its supply chain to obtain an advantage over rivals. For instance, Wal-Mart excels in terms of cost and speed by erecting all domestic outlets within a day's drive of a warehouse and operating a trucking fleet. It has created economies of scale and distribution speed that peers cannot match. When K-Mart decided to compete against Wal-Mart head to head in terms of price, the sophisticated logistic system of Wal-Mart enabled it to withstand the price battle. Unfit to beat its competitor's costs and speed, K-Mart plunged into bankruptcy.

Research the industry and its supply chain and identify key issues

The worst economic storms have hit the global chemical sector. In their pursuit to overcome the revolutionary economic downturn and to survive in a dynamic economic regime, most chemical firms embarked on revamping their operations and reconfiguring their supply chains. Certainly, these operational and structural transformations and recent developments in the business environment generated various issues in the industry's supply chain. They are not new since they have existed for a long time. The changing business atmosphere can be blamed for forcing these issues to be addressed critically by industry practitioners.

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The unending security alerts following terrorist attacks continue to change the business landscape of the chemical industry. Different countries have imposed strict custom checks and enacted new security measures to counterterrorism. It has pushed companies to revise their supply chain management practices. In addition, expanded outsourcing, extra contingency measures as high-safety inventory and information systems have become crucial among firms in projection of any potential terrorist attack.

The worldwide chemical sector must bear the blunt ensuing after the economic blows. Chemical enterprises must contend with increasing costs of operation because of additional security and contingency measures to overcome terrorism. In addition, they have to deal with various proposals of new security laws that threaten to cripple the already struggling industry. Security in the chemical supply chain must receive an unprecedented level of attention from regulatory authorities and the public. In the future, chemical firms must deal with the inevitable task of balancing profits and security. It must be done in a daunting atmosphere where any successful terror attack in the sector is expected to ignite a series of the new uncompromising legislation to foster security in this industry.

Research specific company and its supply chain and identify key issues

Gaining a new customer is more costly than retaining current customers. While using RFID in its supply chain, Wal-Mart has the strategic imperative to deal with customer satisfaction. The….....

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Latest APA Format (6th edition)

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"Theories Of Supply Chain Management Reflection" (2014, July 21) Retrieved May 6, 2024, from
https://www.aceyourpaper.com/essays/theories-supply-chain-management-reflection-190663

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"Theories Of Supply Chain Management Reflection" 21 July 2014. Web.6 May. 2024. <
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"Theories Of Supply Chain Management Reflection", 21 July 2014, Accessed.6 May. 2024,
https://www.aceyourpaper.com/essays/theories-supply-chain-management-reflection-190663
   

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