Advantages Of Supply Chain Management

The concept of supply chain is not new. Almost everything we buy, should it be goods or services, has gone through a lengthy and complex supply chain process. This process is embedded in our daily lives and makes our necessities and desires to be conveniently accessible, such as finding fresh mangos on the shelves of our grocery store in the dead of winter.
Although it is such a relevant concept in our lives the term “Supply Chain Management” was officially introduced in the 1980s, as companies gradually began to realize their specializations and what they could essentially outsource or partner with other organizations regionally or globally. The need for supply chain professionals has thus grown to become essential to the proper functioning …show more content…
Due to this reason supply chain management professionals often face challenges. One being many businesses around the world have yet to cope with the evolution that the supply chain sector has been through over the past decades. This means that some businesses have not integrated supply chain management in their operations as one business practice but rather kept those distinctions between departments in the process, as mentioned earlier in this article. This fragmentation within businesses constricts professionals to further grow professionally i.e., staying updated with industry changes, reluctance of some companies to invest in further accreditations for employees, in general the lack of courses offered within institutions. Now, more than ever before, education is …show more content…
Walmart’s emergency operations centre took immediate action by mapping new and safe delivery routes to access the stores that were in the projected flood areas. The shipments and operations at the region’s distribution centre were both adjusted for the natural disaster i.e., providing the region with necessities like bottled water. Shifting resources in advance to the natural disaster allowed Walmart to minimize revenue losses caused by the closure of some of their facilities. By maintaining operations, Walmart also became one of the rare and first places in the area to provide the residents with necessities, which in turn reserved customer loyalty and revenue. The ability to be responsive in today’s business world has become a competitive advantage and, more so with today’s volatile economic environment, supply chain management is now seen as a strategic tool within