A variety of journals publish articles on supply chain management regularly. The number and type of articles published will depend on the journal. The majority of articles discuss SMEs and items in high demand. Some articles focus on the agency theory and its effect on supply chain management. This section gives an overview of articles published in different journals.
Trends in articles about supply chain management
Supply chains are essential for most businesses. They are essential to ensure that customers receive the best service, online and offline. From COVID-19 pandemic to a labor shortage, a supply chain disruption can disrupt a business's entire operation. However, supply-chain trends and statistics can help businesses be prepared for any disruptions that might occur.
As a result, supply chains are changing due to many factors such as customer expectations and technological developments. Companies must be able manage multiple customer channels, fulfilment models and payment options. To optimize their supply chain, some companies are turning to artificial Intelligence (AI). This technology will not only save money but 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 publishes a ranking of supply management research output. This is based on the number of publications in five years. Submissions are evaluated for relevance to the program theme, rigor of Methods, and meaningful advancement of the body of knowledge in supply chain management.
AAF publishes reports based on a wide range of topics, including the role of supply chain professionals in the global economy. These research findings give insight into trends and developments in the supply chains and procurement industry. Topics include forecasting, big data and inventory management. Sales and operations planning are also covered.
The majority of articles concern SMEs.
While the vast majority of articles on supply chain management focus on large organizations with global operations, some also focus on the role of SMEs. Zowada (2011) states that the key to linking is the ability for SMEs to be adaptable and flexible, which are essential factors in creating a competitive advantage.
SME contribute enormously to GDP, employment, exports, GDP and other economic activities. But they are facing growing threats that could hinder their growth. Luckily, governments have the opportunity to learn from past successes and to create programs that help SMEs succeed in today's world.
FAQ
What are the 3 main management styles?
These are the three most common management styles: participative (authoritarian), laissez-faire (leavez-faire), and authoritarian. Each style has its advantages and disadvantages. Which style do you prefer? Why?
Autoritarian - The leader sets direction and expects everyone else to follow it. This style works best in large organizations that are stable and well-organized.
Laissez-faire - The leader allows each individual to decide for him/herself. This approach works best in small, dynamic organizations.
Participative - The leader listens to ideas and suggestions from everyone. This style is best for small organizations where everyone feels valued.
What are the steps involved in making a decision in management?
Managers are faced with complex and multifaceted decisions. This involves many factors including analysis, strategy and planning, implementation, measurement and evaluation, feedback, feedback, and others.
The key thing to remember when managing people is that they are human beings just as you are and therefore make mistakes. There is always room to improve, especially if your first priority is to yourself.
This video will explain how decision-making works in Management. We discuss different types of decisions as well as why they are important and how managers can navigate them. Here are some topics you'll be learning about:
What are the four major functions of Management?
Management is responsible for organizing, managing, directing and controlling people, resources, and other activities. It includes the development of policies and procedures as well as setting goals.
Organizations can achieve their goals through management. This includes leadership, coordination, control and motivation.
The following are the four core functions of management
Planning – Planning involves deciding what needs to happen.
Organizing - Organization involves deciding what should be done.
Direction - This is the art of getting people to follow your instructions.
Controlling – This refers to ensuring that tasks are carried out according to plan.
What is a simple management tool that aids in decision-making and decision making?
A decision matrix is an easy but powerful tool to aid managers in making informed decisions. It allows them to think through all possible options.
A decision matrix can be used to show alternative options as rows or columns. This makes it easy to see how each alternative affects other choices.
This example shows four options, each represented by the boxes on either side of the matrix. Each box represents a different option. The status quo (the current condition) is shown in the top row, and what would happen if there was no change?
The effect of Option 1 can be seen in the middle column. In this example, it would lead to an increase in sales of between $2 million and $3 million.
The effects of options 2 and 3 are shown in the next columns. These positive changes can increase sales by $1 million or $500,000. However, these also involve negative consequences. For instance, Option 2 increases cost by $100 thousand while Option 3 reduces profits by $200 thousand.
The final column shows the results for Option 4. This results in a decrease of sales by $1,000,000
The best thing about using a decision matrix is that you don't need to remember which numbers go where. Simply look at the cells to instantly determine if one choice is better than the other.
This is because the matrix has done all the hard work. It is as simple as comparing the numbers within the relevant cells.
Here is an example of how a decision matrix might be used in your business.
Decide whether you want to invest more in advertising. If you do, you'll be able to increase your revenue by $5 thousand per month. You will still have to pay $10000 per month in additional expenses.
The net result of advertising investment can be calculated by looking at the cell below that reads "Advertising." It is 15 thousand. Advertising is a worthwhile investment because it has a higher return than the costs.
How to manage employees effectively?
Effectively managing employees requires that you ensure their happiness and productivity.
This includes setting clear expectations for their behavior and tracking their performance.
Managers need clear goals to be able to accomplish this.
They need to communicate clearly and openly with staff members. They also need to make sure that they discipline and reward the best performers.
They must also keep records of team activities. These include:
-
What did you accomplish?
-
What was the work involved?
-
Who did it, anyway?
-
When it was done?
-
Why was it done?
This information can help you monitor your performance and to evaluate your results.
It seems so difficult sometimes to make sound business decisions.
Businesses are complex systems, and they have many moving parts. Their leaders must manage multiple priorities, as well as dealing with uncertainty.
The key to making good decisions is to understand how these factors affect the system as a whole.
You need to be clear about the roles and responsibilities of each system. It's important to also consider how they interact with each other.
You need to ask yourself if your previous actions have led you to make unfounded assumptions. You might consider revisiting them if they are not.
Asking for assistance from someone else is a good idea if you are still having trouble. They might see things differently than you and may have some insights that could help find a solution.
How do we create a company culture that is productive?
A culture of respect and value within a company is key to a productive culture.
It's founded on three principal principles:
-
Everyone has something to contribute
-
People are treated fairly
-
Individuals and groups can have mutual respect
These values are evident in the way that people act. For example, they will treat others with courtesy and consideration.
They will respect the opinions of others.
These people will inspire others to share thoughts and feelings.
The company culture promotes collaboration and open communication.
People feel comfortable expressing their opinions freely without fear of reprisal.
They are aware that mistakes can be accepted if they are treated honestly.
The company culture promotes honesty, integrity, and fairness.
Everyone knows that they must always tell truth.
Everyone recognizes that rules and regulations are important to follow.
And no one expects special treatment or favors.
Statistics
- Hire the top business lawyers and save up to 60% on legal fees (upcounsel.com)
- The average salary for financial advisors in 2021 is around $60,000 per year, with the top 10% of the profession making more than $111,000 per year. (wgu.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)
- As of 2020, personal bankers or tellers make an average of $32,620 per year, according to the BLS. (wgu.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 I get my Six Sigma License?
Six Sigma is a quality control tool that improves processes and increases efficiency. It's a methodology that helps companies achieve consistent results from their operations. The name is derived from the Greek word "sigmas", which means "six". This process was developed at Motorola in 1986. Motorola realized that standardizing manufacturing processes was necessary to make products more efficient and less expensive. The many people involved in manufacturing had caused problems with consistency. To overcome this problem they turned to statistical tools such control charts and Pareto analyses. Then, they would apply these techniques in every area of the operation. This would allow them to make any necessary changes. When you are trying to obtain your Six Sigma certification, there are three steps. The first step is to find out if you're qualified. Before you can take any tests, you will need to take some classes. Once you've passed those classes, you'll start taking the tests. You'll want to study everything you learned during the class beforehand. You'll then be prepared to take the exam. If you pass, you'll get certified. Finally, you will be able add your certifications onto your resume.