Supply Chain Report About H&M and Tacobell

Supply Chain Report on H&M and Taco Bell
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Executive Summary
The supply chain and its proper management are one of the key factors for the industries in today’s complex markets. Regardless of their parent industries, the organizations are required to develop an efficient supply chain integrating the process from the procurement of the raw materials to final delivery of the product to the end customer. The organizations being reviewed in this research belong to different industries, but heavily rely on the efficiency of the Supply Chain and associated parameters. The research reviews their SCM operations and evaluates the importance of the strategies adopted by them to meet the challenges of today’s highly consumer based markets.
1 Introduction
The rapid globalization of the markets has in today’s business world has created several challenges for the organizations. The markets are becoming increasingly competitive with organizations striving to achieve a better place and gain a competitive advantage by reducing costs and improving the quality of products at the same. The “Supply Chain” and its proper management is of vital importance for the organizations as it can remove several barriers in the sustainable economic growth of the organizations (Li et al., 2015). Supply Chain management system is a highly detailed approach used by organizations to manage their production. It contains process from the collection of the raw materials to the final finishing of the products and the feedback earned from the end consumer (Li et al., 2015). An efficient supply chain management tool is the one who can optimize the operations involved in the process, increase the overall efficiency of the organization, and finally contribute to creating financial value for the organization.
In recent decades advancements in the technology and improved globalization and outsourcing, concepts have enabled the organizations to efficiently optimize their strategic and daily operations by distributing the workload among different suppliers, vendors, and small organizations while focusing their core efforts on making value-creating strategic decisions. Traditionally, the stakeholder involved in the supply chain processes are concentrating on the input and output of the processes, with little concerns about the quality control and internal management which is of extreme importance for the reliability of a supply chain process (Li et al., 2015). The dawn of the 21st century has revolutionized almost every aspect of the commerce, including the supply chain management. Today, the organizations are more focused on generating efficient relationships with the stakeholders involved in their business operations. It also includes optimizing and increasing the efficiency of the relationships with suppliers, raw material generators, and distributors.
1 Problem Statement
Owing to the rapid technological and improved management models the supply chains are largely becoming interconnected with multiple organizations playing their parts in the supply chain processes of an organization. Moreover, consumers and producers...