Answered Essay: Identify (at least) five concepts you consider particularly important and useful in the supply

Identify (at least) five concepts you consider particularly important and useful in the supply chain managment field and discuss why you selected each.

Expert Answer

Supply chain management is a process which is usd by companies to maximise the efficiency and to ensure the quality control.

The five basic components of supply chain are as follows.

1.        Plan

2.        Develop

3.        Make

4.        Deliver

5.        Return.


Planning is the first stage of a supply chain.A plan is developed for the actuall need of the customer. For a profitable supply chain good planning is very essential. For proper resource management and customer satisfaction supply chans are developed to maintain high profits and correct delivery to the customers.


Development is the second stage for the supply chain, How the source or the raw material supplier intracts with the company and provide a better service is ensured in this section.It also plans for shipping, delivery and payment. Developing relations with the supliers is ery important as raw material’s quality should be contant.


In third stage product is manufatured , packed , shipped and delivered to the customer, This is a manufacturing step hence it plays a big role in the goals of a supply chain because if the production is slow or any part of the making reduces it speed it effects the whole system.


Delivery is the fourth part of the process in which the product is handed over to the logistics , The products are distributed with the help of wareouses and payments are collected via invoice system.


Return is the final part of the supply chain in which the customer can return the defective or faulty products and company can raise quesions on the same..

Each of above components have their own significance in creating an effective supply chain. Main goals explained above should be strictly followed to ensure the quality and effectiveness of the chain.

Five concepts important for the supply chain management system are as follows.

Supply chain is an essential part of each and every business, it maintain the overall efficiency as well as productivity from your manufacturing facility to the retail stores. Without an efficient and proper supply chain management we cannot Run our businesses efficiently.

Supply chain management using some concepts to deal with the problems as well as the whole system. Some of the concepts are as follows.

  • Logistic management

Logistic basic concept of supply chain management system that is responsible for fulfilling all the demand. Its main goal is to provide an effective system to deliver the goods or the service is from the manufacturer to retailer on the customer. Logistics make sure that the products are being delivered in the right time and efficiency as well as a productivity of the company is maintained. Logistic is one of the most essential and basic parts of a supply chain. By increasing the overall efficiency of the logistics we can easily increase the overall efficiency of the supply chain.

  • Supply management

Supply management make sure that everything which is needed for supply chain is in its place. Resource Positioning, acquisition ,identifications, access, management for resources and other related capabilities of the organisation on which everything else is potential independent are managed and done by supply management system. Supply management is responsible for organising and controlling the source of direct materials as well as finished goods or the capital equipment. This is required to maintain show off the materials in a supply chain help this is also very essential part of a supply chain management system.

  • Value chain

A value chain is untold with which competitive analysis as well as strategies are created and its main goal is to provide a value to the customers and profits for the organisation as well. Supply chain manager is the overall flow of product as well as cash in wind direction from company to the customer where value chain help in generating in demand of the product and the return cash flow from the customer. Value chain is required for the revenue generated by return flow and is its very important to be a part of the supply chain management system.

  • Direct stakeholders

Without stakeholders a supply chain cannot run. Stakeholders are the most important type of stakeholders in a supply chain management system as if there is no demand there would be no need of supply chain management or any products to be delivered. Wholesalers. manufacturer, suppliers ,and retailers are some of the fine examples of the stakeholders on which, supply chain management system is totally dependent. Without the need of the customer the supply chain management would not be existed and stakeholders are also very essential for it.

  • Facilitators

Facilitating the facilities for supply chain management is also a very main task for creating an effective supply chain. Logistic systems which are efficient and more technological advance to provide different services like inventory management, transportation, storage and other order related functions are very much needed for a supply chain. Technology provide support to the supply chain in managing the inventory as well as the database for the supply chain management system. Indirect material suppliers are also not directly associated with the chain but they help in operation of the supply chain, it includes the tools or the supplies manufacturer for the manufacturing facility as well as other processes which is not directly in contact with the organisation.
Facilitators has an important impact on the supply chain management system hence can be included into the needed components or concepts for the supply chain management.

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