Explain how supply chains are structured and also discuss logistics innovation.

A supply chain is the supply of raw materials, trade items, and services required by a given manufacturer in order to reach its immediate or end clients. Supply chains must be organized to maximize profitability and the value of individual shares. This is done to achieve maximum and exceptional financial prowess. To build a profitable supply chain, it is necessary to identify the best average number of factories or industries, warehouses, and distribution centers. This is done so as to ensure optimal supplier to customer supply chain structure.

Supply chain is structured in that the lead company creates a rapport with the intermediate companies that buy and sell its products and services. This is done in a chain in which the intermediate companies and retailers process a purchase order on demand until this product is finally sold to the consumer.

Logistics innovation.

This is a kind of innovation in that involves planning, implementing and controlling activities and work outline for the most profitable, efficient and effective movement of goods together with services and other linked information from the source or manufacturer to the point of its consumption with an aim of customer requirement satisfaction. Logistic innovation simply refer to all activities inbound to a given boundaries within a single organization. It basically involves doing business and supplying to the customers in the right way, condition, place, quality and quantity, and at a reasonable cost. Logistic innovation can thus be inbound or outbound depending on the direction of supply of commodities.

Describe different way in which an organization may choose a supply chain and

Logistics management to compete in the marketplace.

Choosing a supply chain and logistics management is the most important decision a manager can make in order to oversee the success and prowess of the company.

Select a vendor who intimately understands the organizations specific business needs. To do this an organization is expected to ask the vendor the levels of customer satisfaction and relationship.

Get a visible supply chain that enhances real time accuracy by removing barriers to the flow of information. This will ensure movement of goods to the consumers is always monitored.

Choose a very accurate software that enables the organization to electronically shares business plans and ideas to other linked partners. This enables the organization to monitor prowess and sends report s.

Ensure that the order and sales system is very flexible and fast so that customers are treated to order goods and services at their wish and convenience.

The customer relationship management must be well designed so that they are treated to a very effective system that enable them understand the status of their good s and delivery progress.

An organization may put up software that monitors the sales inventory by creating a physical or virtual warehouse. By so doing a company may put up original serial numbers that will enhance their monitoring activities.

An organization also needs to understand the true cost that is involved. A manager needs to understand all the cost the company is likely to use in the supply chain and logistics management so as to cut on expenditure and maximize profitability.

Explain the need to align an organization’s logistic management capabilities with

Competitive priorities.

Logistic management is the governance of a supply chain. This kind of management basically includes internal and external transport management, management of fleet, warehousing, handling of material and customer order satisfaction as well as supply and demand planning.

Competitive priorities of a business are the major and most essential operational dimensions that a supply chain needs in order to satisfy its inbound and outbound customers, both at the moment and in future.

Therefore, there is need to align logistic management capabilities with the organizations competitive priorities so as to;

To help reinforce and implement major organizational supply strategy so as to create distinct customer value. This can be done through efficiency, effectiveness and differentiation.

This alignment also enables an organization to provide superior quality of goods to customers and lowering the cost of the given goods and services. This will give value to the customers.

It enhances smooth and uninterrupted movement of goods and services to the customer from the company.

In this kind of alignment, a company or organization is able to monitor the process of supply through the supply chain by considering key essential such time.

Through logistic management alignment to the competitive priorities, customers’ demands are upheld as through this the demand and supply is considered and enhanced. The law of supply and demand enables logistic management strategy to consider what to supply to the customers at what specific time.

Review the attach research papers and critically write a conclusion and

recommendations in your way of understanding.

The research papers critically states that in an organization, there is need to integrate logistic management strategy in a specific supply chain, this kind of alignment and interrelation will enhance profitability and success of a given business.\

Conclusion

A company or an organization should integrate its supply chain with logistic management strategy as this will enhance customer relation by ensuring supply and demand principles are upheld and considered. It is therefore the greatest decision a manager needs to make in the process of supplying goods and services to the customers.

Recommendation

According to the research papers, the company or organization is expected to invest heavily in the supply chain and more so in the logistics management strategy. According to my own finding a manager need to cut on this cost of transport and supply of goods and services so as to maximize on profitability of the organization. Secondly, a company may choose to invest in high quality production of goods and services that do not necessarily involve high cost of transportation and supply.