WHY SUPPLY CHAIN MANAGEMENT IS SO RELEVANT IN THIS ERA OF GLOBALIZATION?

Abstract

Supply chain industry is a core tenet of logistics and globalization. With the escalating efforts to improve the supply chain management processes, it has become an intrinsic aspect of every modern organization towards remaining competitive and profitable. Therefore, this study will examine the relevance and significance of supply chain management in the era of globalization. According to the results, the goal of supply chain management is to ensure that products and services are delivered to the target audience efficiently. In addition, the paper found that supply chain remains a predominant driver towards achieving lower costs, market efficiency, better trade policies, and agile systems. The paper concludes that globalizations has resulted in advantages and disadvantages and recommended that more strategies be devised mostly at the country level to suit the international companies.

Keywords: "Global Demand," "Logistics," "Globalization," "Supply Chain Management"