A variety of journals publish articles on supply chain management regularly. The number and type of articles published will depend on the journal. Most articles are focused on SMEs and high demand items. Some articles address the agency theory as well as its implications for supply chain management. This section gives an overview of articles published in different journals.
Trends in articles regarding supply chain management
Most businesses rely on their supply chains to survive. They must be able to fulfill customer expectations, regardless of whether they're online or offline. Supply chain disruptions can result in disruptions to the entire business operation, whether it is a COVID-19 epidemic or a labor shortage. But, statistics and supply chain trends can be used to prepare businesses for any possible changes.
Many factors influence the evolution of supply chains, including customer expectations and technological advancements. For example, companies must be able to manage multiple customer channels, fulfilment models, payment options, and physical systems. Many companies use artificial intelligence (AI), which can help optimize their supply chain. This technology is not only expected to save money, but will also speed up processes.
Association of affiliated researchers in articles on supply chain management
The Association of Affiliated Researchers in Articles on Supply Chain Management compiles a list of supply chain management research output. This ranking is determined by the number of publications in the past five years. Submissions are assessed for their relevance to the program theme, the rigor and the meaningful advancement of supply chain management knowledge.
AAF publishes many reports on a wide range topics. These research results provide insight into trends within the supply chain, and the procurement sector. Topics include forecasting, big data and inventory management. Sales and operations planning are also covered.
The majority of articles concern SMEs.
Most articles on supply chains management focus on multinational corporations, but some articles do focus on SMEs. Zowada (2011) argues that linkage is a key factor in gaining competitive advantage. This is because SMEs must be flexible and adaptable.
SME's are an integral part of many economies and societies. They make significant contributions to GDP, exports and employment as well as their livelihoods. But they are facing growing threats that could hinder their growth. Luckily, governments can take lessons from their success stories and devise new programs to help SMEs thrive in the modern age.
FAQ
How can a manager motivate his/her staff?
Motivation is the desire to do well.
Doing something that is enjoyable can help you get motivated.
You can also be motivated by the idea of making a difference to the success and growth of your organization.
For example, if you want to become a doctor, you'll probably find it more motivating to see patients than to study medicine books all day.
Motivation comes from within.
One example is a strong sense that you are responsible for helping others.
Or you might enjoy working hard.
If you feel unmotivated, ask yourself why.
Next, think of ways you can improve your motivation.
What are the 3 basic management styles?
The three basic management styles are: authoritarian, laissez-faire, and participative. Each style has its strengths and weaknesses. Which style do you prefer? Why?
Autoritarian – The leader sets the direction for everyone and expects them to follow. This style is most effective when an organization is large, stable, and well-run.
Laissez-faire is a leader who allows everyone to make their own decisions. This style works best when an organization is small and dynamic.
Participative: The leader listens to everyone's ideas and suggestions. This style is most effective in smaller organizations, where everyone feels valued.
What are the steps involved in making a decision in management?
The decision-making process of managers is complicated and multifaceted. It involves many factors, including but not limited to analysis, strategy, planning, implementation, measurement, evaluation, feedback, etc.
Management of people requires that you remember that they are just as human as you are, and can make mistakes. As such, there are always opportunities for improvement, especially when you put in the effort to improve yourself.
In this video, we explain what the decision-making process looks like in Management. We will explain the importance of different types decisions and how every manager can make them. These topics are covered in this course:
What is the meaning of "project management?"
It refers to the management of activities related to a project.
We help you define the scope of your project, identify the requirements, prepare the budget, organize the team, plan the work, monitor progress and evaluate the results before closing down the project.
What is a basic management tool that can be used for decision-making?
A decision matrix is a simple but powerful tool for helping managers make decisions. It helps them think systematically about all the options available to them.
A decision matrix allows you to represent alternatives as columns and rows. This allows one to see how each alternative impacts other options.
In this example, there are four possible options represented by boxes on the left-hand side of the matrix. Each box represents an option. The top row represents the current state of affairs, and the bottom row is indicative of what would happen in the event that nothing were done.
The middle column displays the impact of selecting Option 1. In this example, it would lead to an increase in sales of between $2 million and $3 million.
These are the results of selecting Options 2 or 3. These positive changes can increase sales by $1 million or $500,000. However, these also involve negative consequences. Option 2, for example, increases the cost by $100 000 while Option 3 decreases profits by $200 000.
The last column displays the results of selecting Option 4. This would result in a reduction of sales of $1 million.
A decision matrix has the advantage that you don’t have to remember where numbers belong. The best thing about a decision matrix is that you can simply look at the cells, and immediately know whether one option is better or not.
This is because your matrix has already done the hard work. It's as easy as comparing numbers in the appropriate cells.
Here is an example how you might use the decision matrix in your company.
You want to decide whether or not to invest more money into advertising. If you do this, you will be able to increase revenue by $5000 per month. You'll also have additional expenses up to $10,000.
You can calculate the net result of investing in advertising by looking at the cell directly below the one that says "Advertising." That number is $15 thousand. Advertising is worth more than its cost.
What kind of people use Six Sigma
Six Sigma is well-known to those who have worked in operations research and statistics. However, anyone involved in any aspect of business can benefit from using it.
This requires a lot of dedication, so only people with great leadership skills can make the effort to implement it.
Statistics
- This field is expected to grow about 7% by 2028, a bit faster than the national average for job growth. (wgu.edu)
- Our program is 100% engineered for your success. (online.uc.edu)
- The BLS says that financial services jobs like banking are expected to grow 4% by 2030, about as fast as the national average. (wgu.edu)
- Your choice in Step 5 may very likely be the same or similar to the alternative you placed at the top of your list at the end of Step 4. (umassd.edu)
- 100% of the courses are offered online, and no campus visits are required — a big time-saver for you. (online.uc.edu)
External Links
How To
How do you apply the Kaizen method to your life?
Kaizen means continuous improvement. This Japanese term refers to the Japanese philosophy of continuous improvement that emphasizes incremental improvements and constant improvement. It's where people work together in order to improve their processes constantly.
Kaizen, a Lean Manufacturing method, is one of its most powerful. In this concept, employees who are responsible for the production line must identify problems that exist during the manufacturing process and try to solve them before they become big issues. This way, the quality of products increases, and the cost decreases.
Kaizen is about making everyone aware of the world around them. Correct any errors immediately to avoid future problems. Report any problem you see at work to your manager.
Kaizen has a set of basic principles that we all follow. When working with kaizen, we always start with the end result and move towards the beginning. To improve our factory, for example, we need to fix the machines that produce the final product. Next, we repair the machines that make components. Then, the machines that make raw materials. We then fix the workers that work with those machines.
This method, called 'kaizen', focuses on improving each and every step of the process. We finish fixing the factory and then go back to the beginning. This continues until we achieve perfection.
Before you can implement kaizen into your business, it is necessary to learn how to measure its effectiveness. There are several ways that you can tell if your kaizen system is working. One way is to examine the amount of defects on the final products. Another way to find out how productive your company has been since you implemented kaizen is to measure the increase in productivity.
You can also find out if kaizen works by asking yourself why you decided to implement it. Is it because the law required it or because you want to save money. Did you really believe it would lead to success?
If you answered yes to any one of these questions, congratulations! You are now ready to begin kaizen.