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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Main Author: Natalia GALANTON
Format: Article
Language:English
Published: Academy of the Economic Studies of Moldova 2017-11-01
Series:Economica
Subjects:
Online Access:http://irek.ase.md/xmlui/bitstream/handle/123456789/316/Galanton_N_ec_2017_3.pdf?sequence=1&isAllowed=y
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author Natalia GALANTON
author_facet Natalia GALANTON
author_sort Natalia GALANTON
collection DOAJ
description 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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spelling doaj.art-06ee28b344164fa98b3d7a6e0be17b4d2022-12-22T00:59:11ZengAcademy of the Economic Studies of MoldovaEconomica1810-91361810-91362017-11-013101716CHALLENGES OF SUPPLY CHAIN MANAGEMENTNatalia GALANTON0ASEMThe 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.http://irek.ase.md/xmlui/bitstream/handle/123456789/316/Galanton_N_ec_2017_3.pdf?sequence=1&isAllowed=yAquisition chainsupply chainsupply chain managementlogistics
spellingShingle Natalia GALANTON
CHALLENGES OF SUPPLY CHAIN MANAGEMENT
Economica
Aquisition chain
supply chain
supply chain management
logistics
title CHALLENGES OF SUPPLY CHAIN MANAGEMENT
title_full CHALLENGES OF SUPPLY CHAIN MANAGEMENT
title_fullStr CHALLENGES OF SUPPLY CHAIN MANAGEMENT
title_full_unstemmed CHALLENGES OF SUPPLY CHAIN MANAGEMENT
title_short CHALLENGES OF SUPPLY CHAIN MANAGEMENT
title_sort challenges of supply chain management
topic Aquisition chain
supply chain
supply chain management
logistics
url http://irek.ase.md/xmlui/bitstream/handle/123456789/316/Galanton_N_ec_2017_3.pdf?sequence=1&isAllowed=y
work_keys_str_mv AT nataliagalanton challengesofsupplychainmanagement