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Article Critique relating to suplly chain management
Title: Article Critique relating to suplly chain management
Category: Business & Economy
Details: Words: 568 | Pages: 2.4 (approximately 235 words/page)
Article Critique relating to suplly chain management
Article Critique
Innovations in technology and management practices have produced a distinct paradigm shift since 1970. Even though companies are now focusing on customer satisfaction as a competitive weapon, the cornerstone of competition is still cost-minimization and affordability. With the invention of Internet, companies and manufacturing firms have been given the opportunity to effectively improve their supply chain management system.
The article "New challenges in managing supply chain" by Derek Maggs explores the definition of supply …showed first 75 words of 568 total…
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…showed last 75 words of 568 total…measures for uncertainties. In other words, information technology allows us to reduce the information processing time but it is the actual physical flow time that is difficult to reduce.
In conclusion, the article clearly describes the use of IT systems and their effect on SCM systems. It further illustrates the current challenges faced by the IT solution providers to implement highly efficient SCM systems.
Reference:
Maggs D. (2000). New challenges in managing supply chain. Business Times.
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