University:
University of Alberta
Course:
BUS 640 | Strategic Supply Chain Management
Academic year:

2024
Views:

209

Pages:

2
Author:

Neena N.

Lecture Notes: The History of Supply Chain Management Key Eras in Supply Chain Management: 1. Creation Era (Pre-1980s): ○ The concept of supply chain management emerged. ○ Focus on large-scale changes and re-engineering. ○ Adoption of Japanese management practices. 2. Integration Era (1980s-1990s): ○ Introduction of electronic data interchange (EDI) systems. ○ Development of enterprise resource planning (ERP) systems. ○ Increased integration of supply chain activities. 3. Globalization Era (1990s-2000s): ○ Expansion of supply chains beyond national boundaries. ○ Focus on global sourcing and supplier relationships. ○ Increased attention to sustainability and ethical practices. 4. Specialization Era (2000s-Present): ○ Outsourcing of non-core functions to specialized partners. ○ Emphasis on collaboration and information sharing within supply chains. ○ Focus on process improvement and performance optimization. Key Trends and Developments: ● ● ● ● Technological advancements: The use of EDI, ERP, and other technologies has transformed supply chain operations. Globalization: The increasing interconnectedness of global markets has driven the need for efficient and effective supply chains. Sustainability: A growing focus on environmental and social responsibility. Digitalization: The integration of digital technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), to optimize supply chain processes. Challenges and Opportunities: ● ● ● ● Disruptions: Supply chains are vulnerable to disruptions, such as natural disasters, economic downturns, and geopolitical events. Complexity: Modern supply chains are increasingly complex, making it difficult to manage effectively. Sustainability: Balancing economic goals with environmental and social responsibility. Innovation: Embracing new technologies and practices to stay competitive. Conclusion Supply chain management has evolved significantly over the years, driven by technological advancements, globalization,and changing business needs. Effective supply chain management is essential for organizations to remain competitive in today's global marketplace.