Supply Chain Management as a Major Source of Competitive Advantage Essay

Supply Chain vigilance as a Major Source of Competitive Advantage - Essay ExampleThis paper illustrates that a firm takes inputs from the external environment, processes them and sells it to consumers. The process of transferring the inputs into the firm and getting the outputs to consumers outside the firm is at the center of add on kitchen range management. Supply chain encompasses all organizations and activities associated with the flow and transmission of goods from raw materials through to the end users as well as associated information and monetary flow. Another definition states that the add on chain is a get dressed of three or more companies directly linked by one or more of the upstream or downstream flows of products, services, finances and information from a source to a customer. This implies that impart chain management has to do with how the connections and linkages between a firm, its suppliers and consumers is conducted, arranged and utilised. Ross views supply chain management as a set of tasks that are carried out by an organization in order to attain results. He states that the supply chain is a set of collective tasks centered around the optimization of transportation/logistic, processing and dissemination channels that a firm employs and utilizes. It involves functions like warehousing, transportation and other objectives associated with the markets. It utilizes time and involves the transfer of possessions. The concept of supply chain management is presented by Horch as the process of procurement, materials logistics, and distribution. This involves the institutionalization of aspects of logistics and the distribution of these logistics through processes related to upstream and downstream flows of the supply chain.