Current issues and challenges of supply chain management

Authors:
Ales Groznik;Peter Trkman
Affiliations:
Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia;Faculty of Economics, University of Ljubljana, Ljubljana, Slovenia
Venue:
ICAI'09 Proceedings of the 10th WSEAS international conference on Automation & information
Year:
2009

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Abstract

Efficient supply chain management is crucial for survival and success in a turbulent world. Current economic crisis increases its importance even further. The paper reviews latest findings in the most relevant areas, namely the importance of a proper supply chain strategy that is a pre-condition for business process renovation and mitigation of supply chain connected risks. Performance measurement is also a pre-condition for proper management. Supply chain frameworks and standards that provide guidelines in facing those challenges are reviewed. Finally, the benefits of supply chain informatization are shown.