Introduction to Supply Chain Management
This assignment has two parts:
– How will accomplishing the following objectives support your success in management?
– What risks or challenges might a manager encounter if they have not mastered the objectives? Explain. (In a min of 300 words)
Objectives:
Analyze the supply chain theory practices as they relate to the procurement manager’s role and responsibilities
Apply critical thinking skills to analyze business negotiation situations, and construct a negotiation plan
Assess the regulation of contracting and the requirements of the US Government procurement and contracting requirements
Evaluate the basic elements of supply chain management and study supply chain strategies and mechanisms within a business environment
Evaluate the ethical role of a procurement manager in contract negotiations and supply chain management
Solution Preview
– How will accomplishing the following objectives support your success in management?
The business performance can be improved by aligning the objectives of supply chain management with business strategies. At the management level, the supply chain theories affect profitability and business growth. Effective supply chain theory practices drive the business towards its goal of success achievement. Supply chain ensures that the management decisions are in line with the strategic business objectives. When you apply critical thinking skills, you often obtain more reliable services and improved support from the suppliers. Business management is more successful if supported by such relationships.
(411 words)