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Supply Chain Management 12

Supply Chain Management

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Title: Supply Chain Management

Essay Details:

Subject: Business

Author: Richard H

Date: October 11, 2016

Level: University

Grade: A

Length: 10 / 2807

Essay text:

Identifying the components of the supply chain, facilitating better decision-making, creating improved communication, and identifying weak links in the chain causing bottlenecks in an organization are crucial to supply chain integration. There are three principle elements of supply chain integration: management of information and financial flows, inventory management, and management of relationships of trading partners (Power, 2005). ?Modern businesses are dynamic in nature and to stay competitive (organizations) need to optimize their business processes by understanding and reacting to the rapid changes in their environment' (Banavar, Black, Caceres, Ebling, et al, 2005)...

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