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Please provide a response to the follow.
(Supply Chain Management has evolved w
Please provide a response to the follow. (Supply Chain Management has evolved within the United States in order to meet increasing demands due to population growth in the 1950’s and 1960’s through mass production. From then the need for Materials Resource Planning (known as MRP) developed in the 1960’s and 1970’s a more defined approach to coordinating materials through the supply chain process. With cost containment being a focal point due to economic standings in the United States, systems such as Just-In-Time and Supply Chain Management were formulated in the 1980’s and 1990’s. This has progressed into ethical considerations such as ethical sourcing and sustainability in the 1990’s and since then developments that have improved both functional capacity and efficacies into today’s times. Supply Chain Management is vital to the success of businesses and business relationships since it offers the sharing of information, goods, and logistics across the supply chain process. This includes the planning, procurement, and production of raw materials into finished goods which are warehoused and then sold to stores and customers. By keeping track of points in the supply chain businesses can be agreeable with one another and meet demands properly to create sales and control costs.
With the pandemic disrupting every business one way or another, adaptive and agile strategies were needed to maintain profits. With more people staying home than ever, brick-and-mortar companies adopted or strengthened their drop-ship strategies which essentially removes the retail store location from the supply chain process when customers make purchases with said company and delivers directly to the customer. As more and more people use Amazon for online shopping, companies like Macy’s and Wal-Mart must vie for consumers by expanding within the digital space. Another approach taken on from the pandemic’s effects in terms of supply chain management was longer lead times for goods. With ports severely overloaded and additional time-consuming protocols as protection against COVID-19, container delays were frequent and hard to manage. Longer lead times were essential as government restrictions such as factory shutdowns created a ripple effect through the supply chain channel and because of this, suppliers and manufacturers needed to lower customer expectations unfortunately of restock dates and availability. While conditions have improved gradually, the approaches have been more insightful as a result to prevent any unforeseen circumstantial delays in the process.)
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