Research Paper Template
Your name: Stephen Richardson
Your Capella email address: firstname.lastname@example.org
The course number: BUS3004
Instructor name: Tannon Davis
Date submitted: 8/16/2015
Title of your paper: Supply Chain Management
With businesses growing outrageously fast in the 21st century the supply chains that businesses partner with is one of the most important parts of owning, operating, and managing companies. Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption. The term supply chain management was coined by consultant Keith Oliver, of strategy consulting firm Booz Allen Hamilton in 1982. It is the core part of SCM and is referred to as the strategic portion. Every company needs a strategy on which it can manage its resources and meet customer requirements in regard to products and services. “The plan involves development of metrics that monitor the efficiency of the supply chain. This should be able to cut on the coasts and increase product value to customers (Gattorna, 2009)”.
The supply chain is the sequence of processes involved in the production and distribution of businesses. As more and more merchandise is sourced from overseas, today’s importers are faced with the challenge of finding new ways to move goods faster and reduce overall transit times. DC Bypass, a supply chain strategy that enables products to be shipped directly from the manufacturing facility to the retail store and ‘bypass‘ the traditional DC operation, is an ideal solution for companies looking to simplify their import operations, reduce costs, and shorten delivery times. By importing from source and delivering direct to the store, importers, especially in...