As a byproduct of globalization, managerial strategies to augment the business outcomes saw high demand. Following its lead, Supply chain management was significantly adopted worldwide which stood effective in managing individual functions and also integrating activities into key supply chain processes. Supply chain management has changed the way organizations and individuals view, manage and execute businesses. Businesses today have realized the requisite of effective supply chains, or networks, to compete in the global market and networked economy. This concept of business relationships extends beyond traditional enterprise boundaries and seeks to organize entire business processes throughout a value chain of multiple companies.
With the advent of 21st century, transformations in the business environment have contributed to the development of supply chain networks. As an outcome of globalization and the proliferation of multinational companies, joint ventures, strategic alliances, and business partnerships, significant success factors were identified, complementing the earlier lean manufacturing and agile manufacturing practices. Moreover, technological changes, particularly the dramatic fall in communication costs (a significant component of transaction costs), have led to changes in coordination among the members of the supply chain network.
In recent decades, globalization, outsourcing, and information technology have enabled many organizations to successfully operate collaborative supply networks in which each specialized business partner focuses on only a few key strategic activities. This inter-organizational supply network can be acknowledged as a new form of organization.
Supply chain management is also important for organizational learning. Firms with geographically more extensive supply chains connecting diverse trading cliques tend to become more innovative and productive. Supply Chain Management draws heavily from the areas of operations management, logistics, procurement, and information technology, and strives for an integrated approach.
The current edition of APAC CIO Outlook brings you “25 Most Promising Logistics and Supply Chain Management Solution Providers”. The list highlights some of the most prominent organizations of the industry who are capable of leading their clients towards excellence by supporting them beyond an advisory level. The proposed list aspires to assist individuals and corporations to find the right Logistics and Supply Chain solutions provider, who suits their specific requirements, and help them, accomplish their projects.