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Supply Chain Management Essay

552 words - 3 pages

Describe how the purchasing function and the evolution of supply management has changed over the last 20 years (1995 - 2015)?
Purchasing in the mid 90’s began as a process used to carry out an organization’s mission within the workplace. Since then, the purchasing function has grown to include supply management used largely throughout the world. Early on when the purchasing process was identified and defined, people began to notice that the acquisition of goods and services was more difficult than expected. The knowledge of the purchasing function evolved within organizations and created an environment that incorporated more undertakings such as managing, stocking, and budgeting for those goods and services being acquired.

Based on your research and readings, discuss how Supply Management and in particular Supply Chain Management benefits organizations in the public and private sectors.
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By starting off with these two things, an organization should be able to identify where they stand and pinpoint where they want to be in the future. In being able to identify their strengths and weaknesses an organization will be able to model after other organizations in areas they lack rather than starting from the ground up. However, for supply chain management to work, an organization must be able to introduce an action plan.

Are supply chain management and the establishment of strategic alliance agreements with select suppliers more conducive to private sector organizations?
Supply chain management and the establishment of strategic alliance agreements with select suppliers are more conducive to the success of private sector organizations. The effective use of supply chain management within an organization can assist the process of increasing sales and reducing costs. By establishing alliances with reliable/trustworthy and creative suppliers should prove to yield quality goods and/or services and allow sound production processes (Relationships).

What are your perspectives?
In my opinion, the more diversity among the types of goods and services an organization provides, the larger the demand. “In an ideal supply chain relationship, both customers and suppliers get connected in ways that allow them to easily exchange information, demand data, and the visibility of status”(Relationships). This in turn, establishes an environment of trust between organizations and suppliers for quality products at cut-rate prices.

Reference List
Helms, M. (n.d.). SUPPLY CHAIN MANAGEMENT. Retrieved January 6, 2016, from http://www.referenceforbusiness.com/management/Str-Ti/Supply-Chain-Management.html

Relationships for supply chain success. (n.d.). Retrieved January 6, 2016, from http://www.supplychainquarterly.com/topics/Strategy/scq200704book/

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