Topic > Supply Chains and Inventory Management - 1159

Supply Chain and Inventory Management6 December 2008Supply Chain and Inventory ManagementWith increasing globalisation, competition and the complexity of global supply chains, more and more companies have understood that supply chain management is critical to ensuring organizations optimal overall operation. It is no longer just the responsibility of the warehouse manager and logistics director (Pundir, 2008 and Wharton). In the past, many organizations didn't manage their own supply chains, they left it up to suppliers. Typically, in most organizations, supply chain planning, marketing manufacturing, and inventory management operated as separate departments (Stevenson, 2007). Companies have recognized the strategic importance and need for effective and efficient supply chains in managing operations (Stevenson, 2007). This document will cover quality issues, the importance of operations management in collaboration with the supply chain and inventory management. Coordinating the transportation of supplies, information technology, services, and products between suppliers and partner companies within an organization is what supply chain management is all about (Alade, 2004). In today's world customers are more demanding and companies are working hard to meet those demands. Customers want more styles, better quality, and longer-lasting products, and they want them fast. The only way organizations can deliver results is to ensure their supply chains are aligned with the organizations operations. To align the supply chain with the organization's operations, they must first ensure that the supply chain is included in the strategic decision-making process along with the organization's senior leaders (Rees...... middle of paper.... ..ategies. Supply Chain Management Review, 11(8), 44-50. Retrieved December 6, 2008, from Business Source Complete database.Pundir, A.K. (2008, November). Retrieved December 6, 2008 from Business Source Complete database. English&specialld=Quinn, Q. (2000, January). Quantifying the Benefits of SCM. Logistics Management and Distribution Report, 39(1), 30. Retrieved December 6, 2008, from Business Source Complete database..