Brief Description of Research Trace 3
Summary of Research Evidence Trace 4
Systems Theory & Supply Chain Management 5
Managing Supply Chain Systems 6
Benefits of Effective Supply Chain System Management 8
LITERATURE REVIEW: SYSTEMS THEORY AND SUPPLY CHAIN MANAGEMENT
Making sure that they have the right product in the right place at the right time is critical for companies. If they do not have enough product for sale, they lose sales. If they have too much, they are left with excess inventory. The same is true during the manufacturing process when companies want to ensure that they have the right amount of the right materials on hand when they will need them-if they do not, they cannot continue production, and if they have excess supplies, they must store them. Companies are increasingly looking at their supply chain, which includes all of the participants involved in moving supplies and materials as well as finished products, as a competitive success factor that can help them minimize costs while maximizing distribution efficiency. This research is undertaken as a way to understand how companies use systems theory in the management of their supply chain.
To consider supply chain management and how it differs from basic logistics management.
To examine how supply chains are increasingly viewed as systems and the consequences of that consideration.
To consider how effective supply chain management can have a positive impact on a company's operations, and some of the impediments to successful supply chain management implementation.
Brief Description of Research Trace
The key references for this review were sourced from the following journals: Journal of Operations Management, European Journal of Purchasing & Supply Chain Management, European Journal of Operational Research, Sloan Management Review and Decision S...