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Supply Chain Synchronization

In: Business and Management

Submitted By ucheisikaku
Words 1302
Pages 6
Introduction

In today’s volatile global business environment where competition is very stiff, players in every industry are constantly trying to build a synchronous supply chain that is capable of predicting and responding to the market demands at the most cost effective time and cost without compromising the quality of its product and/or services.
The end goal of any supply chain coordination is to achieve synchronization where multiple partners of the supply chain manage their activities as though they are one (Alok Kumar, Kumar Ashutosh and Tiwari, n.d). This implies that a supply chain where every unit works simultaneously instead of independently like it is in most cases is the main goal of every supply chain manager in particular and the company in general.

This objective of this paper is to affirm the importance and possibility of creating a synchronous supply chain in the logistics industry and the steps my company has taken to achieve competitive edge through it.

Synchronous Supply Chain

The word synchronization means, “to occur or operate at the same time or rate” (New Oxford American Dictionary). The general idea of a synchronous supply chain is to ensure that every element of the supply chain act as one and at the same rate connected through shared information (Christopher, 2011). This means that every facet of the supply chain is linked or interwoven based on selfless information shared amongst them for the common goal of reducing time leads and cost.

Information sharing is the major key to a synchronous supply chain because this age of information technology has revolutionized the business environment. With I.T solutions supply chain partners share information easily and become more transparent (Christopher, 2011). This is evident as the Internet and intranet serve as major tools for information sharing, enhancing the collaboration...

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