Factors affecting the application of an efficient supply management system.
ABSTARCT :
In today’s highly competitive and dynamic business environment, the efficiency of supply management systems plays a critical role in determining the success and sustainability of organizations. Efficient supply management is the backbone of a robust supply chain, encompassing the processes involved in procuring, handling, and delivering goods and services in a timely and cost-effective manner. The application of an efficient supply management system enables organizations to optimize resources, reduce operational costs, improve customer satisfaction, and gain a competitive advantage. However, achieving such efficiency is complex and influenced by a multitude of factors that organizations must understand and address.
The efficiency of a supply management system depends on the seamless integration of various functions such as procurement, inventory management, logistics, supplier relationship management, and demand forecasting. Each of these components involves multiple activities that must be coordinated effectively to ensure smooth operations. The adoption of technology, skilled human resources, and well-designed processes are among the key enablers of an efficient supply management system. Conversely, there are several internal and external factors that can hinder its successful implementation, including organizational culture, supplier reliability, economic fluctuations, regulatory requirements, and technological challenges.
|