Effectiveness of supply chain management in profitability essay
External Risks in the Supply Chain: Chopra and Sodhi 2004 emphasize the importance of understanding the nature and effectiveness of risks in the supply chain in order to build or strengthen businesses. Goal. The purpose of this article is to identify factors that influence the flexible supply chain and to evaluate the effect of these factors on profitability. To this end, after studying the theoretical foundations of this field, the authors have identified the factors affecting the flexibility and profitability of the supply chain and provided an appropriate conceptual model. Supply chain research that goes well beyond the typical buyer-supplier dyadic relationship is needed to further penetrate the supply chain and expand theoretical and practical research boundaries. This expansion of scope means that organizations must collaborate effectively with more than one level and three joint suppliers and central suppliers. The coronavirus pandemic has affected operations worldwide, among which SC supply chain disruptions are significant. The impact is expected to affect businesses indefinitely, so the SC is unlikely to resume its pre-COVID policies. This study examines the impact of the COVID-19 on SCs with respect to its disruptions. Logistics and supply chain refers to the management of interconnected networks, involved in the delivery of key goods and services to customers. The process is extensive and involves the storage of raw materials and manufactured products and the transportation of goods and services from the point of origin to the point of use. Supply Chain Management in the hospitality industry has a significant impact on operational efficiency, cost reduction and employee morale. Through strategic planning, implementation of advanced supply chain systems and the use of modern tools and technology, hotels have achieved remarkable savings, reduced waste and organized more effective inventory management. It also provides crucial data to help companies respond to trends, prevent and maintain disruptions in supply chain management. Supply chain management in the modern world requires a new approach to shipping, not only to reduce production costs, but also to be reasonable in terms of fuel expenditure. 'Don't send air' and 'don't send water' are now the fundamental principles of many successful companies. These ideas point to the need to organize. Read the example of researching supply chain profitability essays and other exceptional articles on every subject and topic that the university has to offer you. We can also custom write anything. We use cookies to improve our website for you. Continue if you agree to this policy or read more about it. I agree with that. A supply chain consists of interconnected parts of a whole, which together result in end products that are purchased by customers. Take cars for example. Before a consumer buys a car, iron ore is extracted from the earth. The ore is transported to a factory, where it is converted into steel, which is processed into the chassis of the car.