Chapter 1 - Chapter 1 Supply Chain Management What forces...

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Chapter 1: Supply Chain Management
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What forces are driving the rate of change? 1. Globalisation Has led to a more competitively intense economic and geopolitical environment Time and distance has become compressed The main challenges for supply chains o Volatility of supply and demand Acts of terrorism has implications on the flow of commerce Contamination of food products from China can cause an interruption in the flow of products Natural disasters have an effect o Shorter product life cycles Technological companies are at a threat Provides inventory management problems for supply chains o Blurring of traditional boundaries To maintain profitability, companies have to outsource 2. Technology Major impact on the supply chains as a facilitator of change as companies have transformed their processes Individuals and smaller organisations can connect to the world’s “knowledge pools” and can create collaboration in supply chains Outsourcing has been enhanced by technology Flow of commerce has become multidirectional
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3. Organisational consolidation Large retailers are given special consideration from consumer product companies Services that allow retailers more efficiency: o Scheduled deliveries o Rainbow pallets o Advance Shipment Notices (ASN)
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