Supply Chain Management Essay - 528 Words

Supply chain holds a special place in B2B e-business. With the growth of internet and businesses operating electronically, the product life cycle has reduced to a large extent. This has increased the competition among the organizations to better manage their supply chain to satisfy the customers need in a competitive market. With the growth of information technology, the trends in determining the demand and supply are changing drastically. The organizations are developing and implementing better systems, which can forecast the demand and supply in a flexible way to the changing needs. The changing business market has forced the organizations to employ highly skilled people on a better infrastructure and to develop supply chain mechanisms,†¦show more content†¦In B2B e-business, supply chain management plays an important role. The customer in B2B e-business is not aware of the processes being followed by the organization to make a delivery of the product of his/her choice. Th ere is no direct interaction between the organization representatives with the customer. Hence, it is important for the organization to implement a supply chain mechanism which is competitive in the market and gives best results to compete with other organizations. The product life cycle is also an important part of the supply chain management, which makes sure that the product being produced comply with the given standards and customer is happy to receive it. The cost factor of the delivered product is largely dependent on the supply chain management and product life cycle. If the product life cycle and supply chain are managed properly, the cost of the product is deemed to be low and thus making the customer happy. In B2B e-business it plays a very important role, as the customer is not directly interacting with the organization. 3. Importance of Supply Chain in B2B e-business Today’s business has become more competitive and requires cost effective solution to give a better quality product to the customer. The productivity advantage of supply chain management gives a winning edge to the suppliers. More production has been possible in recent times dues to better management ofShow MoreRelatedThe Supply Chain Management Of Supply Chains1372 Words   |  6 Pagesthe world. Supply chains are now very complex and flourishing in the global marketplace, but only constructed and managed correctly. My discipline is supply chain management. There are many different functions of the supply chain that make it what it is. Breaking this discipline down to specific job task is difficult because each process in a supply chain, no matter how complex is connected with at least one other process in the supply chain. There is no clear definition of a supply chain. 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