Management

Question

I will upload the article and template to use for the review.

Answer

Contents

Outcome-Driven Supply Chains. 1

Summary: 1

Key Issues. 1

Five Current Trends. 1

Five Future Trends. 2

A Comment. 2

Why Did We Read This Article?. 2

References. 3

Outcome-Driven Supply Chains

Summary:

            This study investigated current and future trends in supply chains. It argued that in the future, supply chains will need to deliver cost-related benefits, sustainability, and innovation. Other aspects of these supply chains include resilience, security, and responsiveness. The study concluded that for these outcomes to be achieved, certain design traits must be embraced. For instance, cost-related benefits will be achieved by standardizing products and processes, reducing waste within the supply chain, and promoting constant interactions with first-tier suppliers as well as immediate customers.

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Key Issues

Five Current Trends

  1. The supply chain is becoming more sophisticated.
  2. Companies are increasingly using their supply chains to develop new products.
  3. Demand-driven supply chains have been widely adopted.
  4. Customers’ needs and preferences have been changing.
  5. Efforts to embrace innovation in supply chain management have led to an increase in the number of technology-driven supply chains.

Five Future Trends

  1. Prices will increase due to increased responsiveness.
  2. Quality will improve due to renewed efforts to enhanced security
  3. Green supply chains will emerge.
  4. Supply-driven supply chains will begin to gain prominence.
  5. A multi-faceted view of supply chain management will emerge.

A Comment

These trends have far-reaching implications for supply chain management because future supply chains will be compelled to embrace products and processes that cater to the needs of the end-user.

Why Did We Read This Article?

This article is important for my future career because it explains why I will need to promote adaptability in the field of supply chain management. Moreover, I can benefit personally by applying the concept of adaptability to real-life business issues such as customer satisfaction.

References

Melnyk, S., Davis, E., Spekman, R. & Sandor, J. (2010). Outcome-Driven Supply Chains. MIT Sloan Management Review, 51(2), 33-38.

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