CHALLENGES OF SUPPLY CHAIN MANAGEMENT
The present article highlights the basic characteristics of the supply chain, specific to changes in the business environment of companies at the beginning of the 21st century. Supply chain activities turn natural resources, raw materials and components into a finished product, which is then d...
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| Format: | Article |
| Language: | English |
| Published: |
Academy of the Economic Studies of Moldova
2017-11-01
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| Series: | Economica |
| Subjects: | |
| Online Access: | http://irek.ase.md/xmlui/bitstream/handle/123456789/316/Galanton_N_ec_2017_3.pdf?sequence=1&isAllowed=y |
| Summary: | The present article highlights the basic
characteristics of the supply chain, specific to
changes in the business environment of companies
at the beginning of the 21st century. Supply chain
activities turn natural resources, raw materials and
components into a finished product, which is then
delivered to the final customer. The supply chain
incorporates the production process alongside the
raw material acquisition and distribution of finished
products, encompassing all the existing
process responsible for transforming the materials
taken from the supplier to the finished products
delivered to customers. Today, competitiveness and
performance of an organization are dependent on
belonging to an efficient and effective supply-delivery
chain where synergies exist due to the establishment
and implementation of common goals
and strategies by partners. Competition does not
take place between independent organizations or
between small groups of organizations, but between
supply and delivery chains, made up of interconnected
networks of producers, distributors and
logistics providers. Under these circumstances,
supply chain managers must seek solutions to
respond promptly to the most important challenges
in the field. |
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| ISSN: | 1810-9136 1810-9136 |