An Investigation into the Best Current Practice of Supply Chain Managem

An Investigation into the Best Current Practice of put out string ManagementThis report documents an investigation into best current practice of contribute Chain Management. Various methods of materials procurement areoutlined in appendage to their relevance to examples in modernindustry. The report discusses the ideal characteristics of a successful tack chain. From a traditional perspective, this hasproven to be based about the development of untouchable inter-firmrelationships among the participating organisations that make up thesupply chain. Additionally, a detailed strategy of materialsmanagement is proposed for a manufacturer of earth moving equipmentJCB, and a digital camera manufacturer Sony.Management Practice Supply Chain ManagementMaterials procurement from the 60s to the 90sAlthough developed prior to this period, Henry crossing introduced astrong foundation for businesses of the 1960s with VerticalIntegration. Ford seek to control all of the operations in hisb usiness by buy other companies in the distribution ancestry. TheFord Motor Company possess the suppliers up the channel in backwardintegration and down the channel in forward integration, therebygaining total control of all stages of the act upon from raw materialextraction to finished car showrooms. Organisations of the 1960s maintain this Vertical Integration structure, in addition tosomewhat adversarial inter-firm relationships that were a universalcharacteristic among 1960s businesses. Buyers and deceiveers typicallyoperated at arms- space, independent relationships, competing forresources rather than collaborating. The primary benefits associatedwith the arms length philosophy were concerned with costeffectiveness when managing external sources. This arms lengthapproach to merchant and customer relations was balanced with thevertically corporate structure, as primary functions of theorganisation were mostly under the firms control. Before long, thisvertically integrated organisational structure began to flatten, whichgave rise to the supply chain organisation. Many organisations beganto sell their units acquired by vertical integration and chose topartner with other companies that provided these services.Consequently, the concept of supply chain management developed, asorganisations were attempting to achieve ... ...o a lack of need of theorganisation in ensuring the success of the relationship with thesupplier. It is anticipated that this work has present theimportance of the role of the supply chain manager in establishingstrong relationships with suppliers.BibliographyBoddy, D. & Paton, R. (1998). Management an Introduction., PrenticeHall, Europe.Harrison, M. (1993) Operations Management Strategy. Pitman.Lines, D., Marcouse, I., & Martin, B. (2000). The complete A-ZBusiness Studies, tertiary ed., Hodder and Stoughton, England.Pietrak, W. J., Rietzke, J., & Wamsher, W. (1988) Materialrequirements planning. APICSOnlineJCB Groupn http//www. jcb.comSony Corporation http//www.sony.comDuxbury. (2004), What is Supply Chain Management?, Online.Availablehttp//www.duxbury.com/statistics_d/templates/student_resources/0534373631_shapiro/ entre/introduction.html2004, November 21.Minicom. (2004), Asset management systems, Online. Availablewww.mincom.com 2004, November 22.Seagate. (2004), Electronic Data Interchange, Online. Availablehttp//www.seagate.com/ condense/edi/whatised.html 2004, November 24.