Wednesday, October 30, 2013

Free Post Week 9

Supply Chain Management is extremely important and growing in importance in today's businesses. This news article that I found, Proper Supply Chain Management Can Minimize Risk, tells a little bit about why it is so important to have a smooth supply chain process.

http://www.insidecounsel.com/2013/10/10/proper-supply-chain-management-can-minimize-risk

The article explains that risk management and reputation protection are key elements of the supply chain process. If the best laws are not implemented regarding proper SC processes, then laws may be broken which leads to trouble for the company's reputation and the company as a whole. Supply Chains need to be aware of what is happening and without a smoothly running process, the company sets itself up for failure. Human trafficking laws and labor laws are set up to prevent sketchy supply chain work and no company wants to work with another company with a bad reputation. Supply Chain is extremely important to both the health of a company and to the company itself.

I liked the information that this article provided, but I think it could have elaborated on details a little bit more. It did its job, in that it told me more about the importance of a smoothly functioning Supply Chain, but it didn't tell me much about specific examples. I learned that supply chain is involved with more than just getting materials from point A to point B and that it can actually affect the company in many more ways than one.

Works Cited

Steeves, Rich. "Proper Supply Chain Management Can Minimize Risk." Proper Supply Chain            Management Can Minimize Risk. N.p., 10 Oct. 2013. Web. 30 Oct. 2013.

1 comment:

  1. I am really interesting in this part that you introduced about supply chain management. After read this I have a little idea about what is supply chain mean and how to use it in company running.

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