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How Supply Chain Management Has Changed They Way We Do Business

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HOW SUPPLY CHAIN MANAGEMENT HAS CHANGED THEY WAY WE DO BUSINESS

Marlie A. Selke
Embry Riddle Aeronautical University WW
LGMT 536 – Purchasing for Logistics & Supply Chain Management
Professor Dr. Mohammed Arif
September 30, 2013

TABLE OF CONTENTS Abstract 3 History of Supply Chain Management 4 Why is Supply Chain Management Important to Business 5 Innovation 7 How to Maintain a Competitive Advantage 8 Skill Set Requirements 11 Future of Supply Chain Management 13 Conclusion 16 References 17

TABLE OF FIGURES

Figure 1.1 Creating Additional Value by Thinking Differently About Categories 14

Abstract

This research paper addresses the effects that supply chain management has on businesses. Supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. Supply chain activities include everything from product development, sourcing, production, information systems, as well as logistics. An effective supply chain management works with cross-functional teams (e.g. requirements form marketing or engineering) to achieve organizational goals through effective planning and management. This paper will take a look at the history of supply chain management, discuss why it is important to business, explore the latest innovations, discuss how to maintain a competitive advantage in a changing environment, address the required supply chain management skill set requirements, and analyze where supply chain management is heading in the future.

HOW SUPPLY CHAIN MANAGEMENT HAS CHANGED THEY WAY WE DO BUSINESS
History of Supply Chain Management

Supply chain management hadn’t received much attention prior to 1850. The growth of American railroads brought the importance of supply chain management to light. It was during this time that the supply chain

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