People, information, and products move around us constantly. As such, we are able to maintain all that is the world that surrounds us. We as humans need to satisfy our demands and needs as consumers of the global enterprise. To keep it all running, there are those involved in the world of supply chain and operations that strive daily to match the pace of a world that fails to ever slow down. With new technologies driving new trends, it is mind-boggling to even being to consider the complexities that go on with supply chain and sustaining operations. That is why we must start by looking at the basics of supply chain management and operations management.
History of Supply Chain
What is supply chain? This is a term that, since the 80’s, has …show more content…
This growth puts a stress on businesses around the world as they are fighting to satisfy customer demand while not incurring losses along the way. This stresses the importance of having proper supply chain management. The term “supply chain management” was coined in the 1980s by the SCC and is defined as, “an integrating philosophy to manage the total flow of a distribution channel from supplier to ultimate customer” (Lummus & Vokurka, 1999). Essentially, a business must optimize its product flow from raw material to finished product in order to continue meeting customer demand and to stay …show more content…
Instead of focusing on what makes supply chain management important, let us focus on why learning supply chain management is important. The global population will continue to expand and with that, the demand for goods and services will also steadily increase. Having professionals that are thoroughly trained in supply chain management is important because the world cannot go on without meeting the needs and demands of the human population. As business-y and professional that supply chain management sounds, its most important dimension is the human dimension. Supply chain is a collaboration of people and companies, hence it also has emotions and mannerisms (Michael Tracey & Kimberly A. Smith‐Doerflein, 2001). This makes business personal and relatable to all of those involved. When it is a team effort that strives to push for success, the sense of loyalty is a hidden, driving factor behind all supply chains. The human dimension is something that is always forgotten in the supply chain field, yet it plays such as important
History of Supply Chain
What is supply chain? This is a term that, since the 80’s, has …show more content…
This growth puts a stress on businesses around the world as they are fighting to satisfy customer demand while not incurring losses along the way. This stresses the importance of having proper supply chain management. The term “supply chain management” was coined in the 1980s by the SCC and is defined as, “an integrating philosophy to manage the total flow of a distribution channel from supplier to ultimate customer” (Lummus & Vokurka, 1999). Essentially, a business must optimize its product flow from raw material to finished product in order to continue meeting customer demand and to stay …show more content…
Instead of focusing on what makes supply chain management important, let us focus on why learning supply chain management is important. The global population will continue to expand and with that, the demand for goods and services will also steadily increase. Having professionals that are thoroughly trained in supply chain management is important because the world cannot go on without meeting the needs and demands of the human population. As business-y and professional that supply chain management sounds, its most important dimension is the human dimension. Supply chain is a collaboration of people and companies, hence it also has emotions and mannerisms (Michael Tracey & Kimberly A. Smith‐Doerflein, 2001). This makes business personal and relatable to all of those involved. When it is a team effort that strives to push for success, the sense of loyalty is a hidden, driving factor behind all supply chains. The human dimension is something that is always forgotten in the supply chain field, yet it plays such as important