Introduction to Purchasing and Supply Chain Management

Introduction to Purchasing and Supply Chain Management
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Introduction to purchasing and supply chain management
Question One
In the past, main challenges that affected supply chain management were physical risks such as fires and earthquakes, but now it has become a more important aspect of business due to the interconnectedness as a result of globalization and technological advancement. There are many disruptions due to increased sharing of information, ethical standards, and corporate social responsibility (John, 2016). For instance, in 2014, Samsung suspended business with Shinyang Electronics, a Chinese supply company that was accused of employing underage workers.
Question Two
Information technology is essential when engaging in effectual and responsible supply chains. It is essential in linking different parties in the supply chain that includes suppliers, sellers, and customers. In this light, it acts as the link allowing supply chain enablers to function together effectively, with an objective of developing an effectively integrated and coordinated process (Ata, 2015). Human resource, another enabler of the suppl...