Business Environment Supply Chain Integration - 3067 Words

Student ID: 34068643 MSCI281 Introduction To survive and being success in modern business environment, focusing on supply chain management has become one of the popular ways to increase competitiveness among organizations. According to Lambert and Cooper (2000, as cited in Flynn, Huo and Zhao, 2008), organization has started to rethink the importance of cooperative, mutually, and beneficial supply chain partnerships due to the fierce competition among organization nowadays. In order to increase the efficiency and effectiveness, outsourcing has been commonly used among business, which means companies will allocate part of their production process to a third-party logistics and fourth party logistics (3PL4PL) rather than finishing the†¦show more content†¦Referring to Flynn, Huo and Zhao (2008) research, they suggested supply chain integration is the process of organizations strategically collaborates with their supply chain partners and managing inter and intra organization?s processes. In addition, Prabir K. Bagchi and others (2005), claimed that ?supply chain integration is the comprehensive collaboration among supply chain network members in strategic, tactical and operational decision-making?. (Prabir L. Bagchi et al.) By reviewing these definitions, supply chain integration can be known as the collaboration of the organization and their supply chain partners by using strategic, tactical and operational management. The main purpose of applying supply chain integration is to have an efficient and effective production process of products in different, aspects, such as cost, information, and decision-making (Bowersox et al., 1999; Frohlich and Westbrook, 2001; Naylor et al., 1999 as cited in Flynn, Huo and Zhao, 2008) and aim to improve service capabilities at lower supply chain cost. (Ragatz et al, 1997, as cited in Fylnn, Huo and Zhao, 2008) Based on their papers, it suggested that firms with highly supply chain integration can be more reactive to unstable demand by higher information visibi lity and knowledge between organisations. Also, it also pointed out that the net costs can also be reduced through interlocking the supply chain. GrahamShow MoreRelatedAn Effective Supply Chain Management1631 Words   |  7 PagesIntroduction An effective supply chain management is critical to success in today’s business environment where competition, risk and uncertainty are challenging. Ahenkora and Peasah (2011, p.278) state that ‘the need to deliver on clear strategic choices in today’s hypercompetitive business and uncertain environment is greater than ever’. Electrolux, one of the major players in the home appliances industry, has modified its strategy over the years, adapting its business to new business requirements andRead MoreA Theoretical Link Between Scm And Ssme1438 Words   |  6 Pagescollaboration. No wonder companies that collaborate effectively across the supply chain have enjoyed dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction (Luis B., Verda E. Daniel S., 2012). Collaboration is an important characteristics for people in the supply chain industry to create more shared values than those who don’t collaborate. 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