Literature Review On Supply Chain Management

991 Words4 Pages
2.1 Literature Review This research study looks at a very broad topic of pharmaceutical supply chainsspecifically the main objective of this research is to find out the role of SCM in Karachi Pharmaceutical companies specially Nexus Pharma (Pvt) Ltd.In this research study, we will try to provide an unbiased opinion on the subject. According to our evaluation of the revised literature, we decided to limit our scope and discuss a set of articles that, in our opinion, provided relevant background for this work. The known authors Heizer and Render (2011) define the role of SCM as the Integration of acquisition activities of materials and services, transformation into intermediate goods and final products, and delivery to customers. These activities…show more content…
Importantly, it also includes coordination and collaboration with channel partners, which may be providers, intermediaries, third-party service providers and customers. In essence, SCM integrates the management of supply and demand within and between companies. According to Awad and Nassar (2010), for success in this highly digitized economy organizations must manage the integration of companies, technology, people and processes not only within the company but also through extended enterprises. The role of SCM facilitates business-to-business cooperation and collaboration with suppliers, customers and business partners. Although the role of SCM can bring benefits and competitive advantages to organizations, the administration and implementation of this system represent significant challenges for…show more content…
SCM is increasingly important, from the initial practice of focusing on internal processes to the web-linking of supply chain partners. Companies were urged to increase their operational efficiency to remain competitive. Companies have begun to see value in the relationships of the supply chain efficient. The benefits of electronic SCM include lower inventory levels, faster response to problems, higher quality levels, more customer satisfaction and more diversified product offerings. As internal processes were improved, external relations were considered as the next area for business improvement. However, the supply chain must also become more open with its information sharing, and supply chain partners will need to develop a greater degree of confidence. Obviously, the benefits of a traction-based operation are there if companies are ready to collaborate. Electronic SCM enables the entire supply chain to become a community dedicated to operational efficiency and customer service (Lancaster et al.,
Open Document