Personal Journal: Supply Chain Processes

Personal Journal: Supply Chain Processes
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Introduction
Supply chain management is important for the success of any business organization. This journal highlights the learning process that I have undergone this semester. There are several things that I have learned in relation to supply chain management that I believe will help me perform my job effectively in the future. Several concepts in the supply chain process explain how organizations do business and how products move from one place to the other with ease. The COVID 19 pandemic, for example, has shown how organizations can be adaptable to ensure raw material and other supplies get to the intended customers. The restrictions placed on the movement of people changed the way companies could get their supplies from one place to the other without breaking the safety measures imposed by healthcare professionals.
Personal Journal: Supply Chain Processes
Concept 1: Adapting Supply Chain to Customer’s Needs 
The three concepts that will be analyzed in this essay are; Adapting Supply Chain to Customer’s Needs, Customizing Logistics Network, and Outsourcing Strategically. Supply chain management plays a critical role in business operations across the globe. Globalization has made it possible for people to do business with other individuals across the globe with ease. However, an organization needs to be able to adapt its supply chain to the customers’ needs (Ageron et al., 2020). Being rigid is one of the issues that can make it hard for an organization to maximize profits. The Coronavirus pandemic has shown the importance of having a flexible supply chain system. Once restrictions came into effect after the pandemic was announced, companies had to look for ways to continue supplying products to their customers. This course has been instrumental in highlighting the areas that companies need to improve on to ensure the supply of goods is not interrupted. The course has also been instrumental in highlighting why some organizations and products could not be delivered to the market in time.
There was a shortage of meat products because employees in many companies had to go home (Kouvelis, 2021). Yeast, flour, and tissue paper have been in short supply because of hoarding, demand increase, and unpredictable demand. A majority of companies were not able to deal with the changes in demand because they did not have supply chain adaptability capabilities. According to the course material, organizations must be able to modify their supply network to meet the structural shifts in the markets. Several strategies can be used by a business to ensure it meets the need of the customers. One of the strategies that can help a business is to have an operating model based on the real-time demands of clients and their product needs. There are prediction tools that can help an organization get the full picture of the kind of challenges that suppliers may face. By understanding such risks, a company will be in a position to mitigate the risks associated with supply management.
 The course has also been important in helping a company develop pricing techniques th...