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Importance of Supply Chain Management. The Importance of Supply Chain Management
Supply chain management (SCM) is very important and effective to all companies. ...
Importance Of Supply Chain Management In Modern Businesses. Importance ... Importance
of Supply Chain Management in Modern Businesses. Retrieved ...
Air Force Supply Chain Management. Air Force Supply Chain Management Michelle
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Supply Chain Management. Supply Chain Management The supply chain differs for
a company that sells a physical product such as furniture ...
Submitted by mamern on September 2, 2006
Category: Business
Words: 2920 | Pages: 12
Views: 524
Popularity Rank: 15,492
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Introduction
Supply chain management is an integral component of operation management and has a direct effect on how successfully organizations function. The purpose of supply chain management is to remove communication barriers and eliminate redundancies by coordinating, monitoring, and controlling processes within an organization. Identifying the components of the supply chain, facilitating better decision-making, creating improved communication, and identifying weak links in the chain causing bottlenecks in an organization are crucial to supply chain integration. There are three principle elements of supply chain integration: management of information and financial flows, inventory management, and management of relationships of trading partners (Power, 2005).
‘Modern businesses are dynamic in nature and to stay competitive (organizations) need to optimize their business processes by understanding and reacting to the rapid changes in their environment’ (Banavar, Black, Caceres, Ebling, et al, 2005). Dialysis, a specialized field in the healthcare industry, is a major business entity with penchant for a rapidly changing environment. Dialysis is a medical treatment for individuals with limited or no kidney function and without this specialized therapy these unfortunate individuals would not survive. In dialysis, supply chain management is crucial from all aspects in providing comprehensive and adequate patient care. The constant changing needs of patients and the organizational environment can cause disruption in a well managed supply chain within a clinic’s operation resulting in inadequate patient care. Lack of inventory, inadequate staffing, and poor supplier relationships can all contribute to compromised customer (patient) service.
Identified Supply Chain Process
In any organization the inventory control process is a very important part of the supply chain process. Inventory control is concerned with...
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