The Concepts And Effectiveness Of The Supply Chain Management Essay

The Concepts And Effectiveness Of The Supply Chain Management - Essay Example M as a form of management that covers all transportation and storage of raw material, refined goods, and inventory in the process from points of departure or origin up to the points of need (consumption). The track of transported goods from the point of origin up to the point of consumption constitutes what has been termed as the supply chain in business management and logistics science. Further perspectives on SCM stem from the view of the discipline as pertaining to the entirety of the aspects planning and overseeing of all activities entailed in procuring, conversion and management of all the logistical activity. Also crucial to this view is the inclusion of aspects coordination and alliance within the network players which may be the suppliers, the middlemen, and even third-party services render as well as clients. Contemporary SCM is undergoing significant transformation and modification under the influence of various sweeping phenomena in the forms of globalization and technological leaps. Scholars around the discipline are factoring in the importance of various dynamics that have been largely less considered in the earlier conceptualization of SCM. The SCM discipline has had remarkable contributions from the works of Coyle, Langley, and Gibson among others. Although the scholars s have brought the supply chain element to t fore of the contemporary concepts on SCM, the scholars have underscored the role the information is playing and will continue to play in contemporary and future SCM networks. Coyle, Langley, Gibson, Novack, Bardi (2008), contend that, â€Å"A supply chain perspective germane for appropriate deciphering and application of the feasible SCM tenets will tap in the essence and merits of information technology as well as the rate of change and a closer recognition of logistics with all its associative dimensions† The Supply chain industry is one of the thriving industries in Australia.