There are many journals that publish regular articles on supply-chain management. The journal and the topic of the article determine how many articles are published. Most articles are focused on SMEs and high demand items. Some articles address the agency theory as well as its implications for supply chain management. The next section gives an overview about articles published in various publications.
Trends in articles on supply chain management
Supply chains are vital to most businesses. They must be able to fulfill customer expectations, regardless of whether they're online or offline. A supply disruption can cause disruption to an entire business, from a COVID-19 pandemic or a labor shortage. Supply chain trends and statistics are useful tools to help businesses plan for potential changes.
Supply chains are evolving as a result of several factors, including customer expectations and technological advances. Companies need to be able handle multiple customer channels, fulfillment models, payment options, physical systems, and other factors. To optimize their supply chain, some companies are turning to artificial Intelligence (AI). This technology can not only help save money, it can also speed things up.
Assocation of researchers who are interested in articles about supply chain management
The Association of Affiliated Researchers in Articles on Supply Chain Management (AAF) publishes a ranking of supply chain management research output based on the number of publications in the previous five years. Submissions are evaluated for relevancy to the program theme and rigor of Methods. They also help to advance the body of knowledge on supply chain management.
AAF publishes a range of reports that cover a broad range of topics. These include the role of supply-chain professionals in the global economy. These reports provide insights into the trends in the supply chain as well as the procurement industry. This course covers topics such as supply chain planning, forecasting and big data. It also discusses inventory management and sales and operations planning.
The majority of articles concern SMEs.
Most articles on supply chains management focus on multinational corporations, but some articles do focus on SMEs. Zowada (2011) states that the key to linking is the ability for SMEs to be adaptable and flexible, which are essential factors in creating a competitive advantage.
SMEs are an essential part of most economies and societies, making outsized contributions to GDP, exports, employment, and livelihoods. They are now facing increasing threats to their growth. Fortunately, governments can learn from their past success and develop new programs to support SMEs to thrive in the modern world.
FAQ
What are management concepts, you ask?
Management Concepts are the management principles and practices that managers use in managing people and resources. They include such topics as human resource policies, job descriptions, performance evaluations, training programs, employee motivation, compensation systems, organizational structure, and many others.
What role does a manager have in a company's success?
Different industries have different roles for managers.
Managers generally oversee the day-today operations of a business.
He/she will ensure that the company fulfills its financial obligations.
He/she makes sure that employees adhere to the rules and regulations as well as quality standards.
He/she plans and oversees marketing campaigns.
What are the main four functions of management
Management is responsible in planning, organizing and directing people and resources. It includes the development of policies and procedures as well as setting goals.
Management is the ability to direct, coordinate, control, motivate, supervise, train, and evaluate an organization's efforts towards achieving its goals.
The following are the four core functions of management
Planning - Planning is about determining what must be done.
Organizing is the act of deciding how things should go.
Directing - This refers to getting people follow instructions.
Controlling – This refers to ensuring that tasks are carried out according to plan.
What is TQM?
The quality movement was born during the industrial revolution when manufacturing companies realized they could not compete on price alone. If they wanted to stay competitive, they needed to improve their quality and efficiency.
Management developed Total Quality Management to address the need for improvement. It focused on all aspects of an organisation's performance. It involved continuous improvement, employee participation, and customer satisfaction.
What is a simple management tool that aids in decision-making and decision making?
A decision matrix can be a simple, but effective tool to assist managers in making decisions. They can think about all options and make informed decisions.
A decision matrix is a way of representing alternatives as rows and columns. This makes it easy for you to see how each option affects other options.
In this example, there are four possible options represented by boxes on the left-hand side of the matrix. Each box represents a different option. The status quo (the current condition) is shown in the top row, and what would happen if there was no change?
The effect of selecting Option 1 is shown in the middle column. In this case, it would mean increasing sales from $2 million to $3 million.
The next two columns show the effects of choosing Options 2 and 3. These positive changes can increase sales by $1 million or $500,000. However, these also involve negative consequences. Option 2 increases costs by $100 thousand, while Option 3 decreases profits to $200 thousand.
The final column shows results of choosing Option 4. This will result in sales falling by $1,000,000
The best part of using a decision-matrix is that it doesn't require you to know which numbers belong where. The best thing about a decision matrix is that you can simply look at the cells, and immediately know whether one option is better or not.
This is because your matrix has already done the hard work. Simply compare the numbers within the cells.
Here's a sample of how you might use decision matrixes in your business.
Advertising is a decision that you make. This will allow you to increase your revenue by $5000 per month. You'll also have additional expenses up to $10,000.
You can calculate the net result of investing in advertising by looking at the cell directly below the one that says "Advertising." That number is $15 thousand. Therefore, you should choose to invest in advertising since it is worth more than the cost involved.
How do we build a culture that is successful in our company?
A culture of respect and value within a company is key to a productive culture.
It is founded on three basic principles:
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Everybody has something of value to share
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Fair treatment of people is the goal
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It is possible to have mutual respect between groups and individuals
These values are reflected in the way people behave. They will show consideration and courtesy to others.
They will respect the opinions of others.
And they will encourage others to share ideas and feelings.
The company culture promotes collaboration and open communication.
People feel safe to voice their opinions without fear of reprisal.
They know that they will not be judged if they make mistakes, as long as the matter is dealt with honestly.
The company culture promotes honesty, integrity, and fairness.
Everybody knows they have to tell the truth.
Everyone knows that there are rules and regulations that apply to them.
No one is entitled to any special treatment or favors.
Statistics
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- Your choice in Step 5 may very likely be the same or similar to the alternative you placed at the top of your list at the end of Step 4. (umassd.edu)
External Links
How To
How does Lean Manufacturing work?
Lean Manufacturing uses structured methods to reduce waste, increase efficiency and reduce waste. They were created by Toyota Motor Corporation in Japan in the 1980s. The main goal was to produce products at lower costs while maintaining quality. Lean manufacturing emphasizes removing unnecessary steps from the production process. It is composed of five fundamental elements: continuous improvement; pull systems, continuous improvements, just-in–time, kaizen, continuous change, and 5S. Pull systems allow customers to get exactly what they want without having to do extra work. Continuous improvement refers to continuously improving existing processes. Just-in–time refers when components or materials are delivered immediately to their intended destination. Kaizen refers to continuous improvement. It is achieved through small changes that are made continuously. Fifth, the 5S stand for sort, set up in order to shine, standardize, maintain, and standardize. These five elements are combined to give you the best possible results.
Lean Production System
Six key concepts make up the lean manufacturing system.
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Flow is about moving material and information as near as customers can.
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Value stream mapping: This is a way to break down each stage into separate tasks and create a flowchart for the entire process.
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Five S's, Sort, Set in Order, Shine. Standardize. and Sustain.
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Kanban – visual signals like colored tape, stickers or other visual cues are used to keep track inventory.
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Theory of constraints: Identify bottlenecks and use lean tools such as kanban boards to eliminate them.
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Just-intime - Order components and materials at your location right on the spot.
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Continuous improvement: Make incremental improvements to the process instead of overhauling it completely.