Article Critique relating to suplly chain management
Date Submitted: 05/14/2002 14:27:33
Article Critique
Innovations in technology and management practices have produced a distinct paradigm shift since 1970. Even though companies are now focusing on customer satisfaction as a competitive weapon, the cornerstone of competition is still cost-minimization and affordability. With the invention of Internet, companies and manufacturing firms have been given the opportunity to effectively improve their supply chain management system.
The article "New challenges in managing supply chain" by Derek Maggs explores the definition of supply
Is this Essay helpful? Join now to read this particular paper
and access over 480,000 just like this GET BETTER GRADES
and access over 480,000 just like this GET BETTER GRADES
measures for uncertainties. In other words, information technology allows us to reduce the information processing time but it is the actual physical flow time that is difficult to reduce.
In conclusion, the article clearly describes the use of IT systems and their effect on SCM systems. It further illustrates the current challenges faced by the IT solution providers to implement highly efficient SCM systems.
Reference:
Maggs D. (2000). New challenges in managing supply chain. Business Times.
Need a custom written paper? Let our professional writers save your time.