The Supply Chain Management: Profits for the Organization Essay

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Many activities within the supply chain can indeed increase costs and reduce the profit of any organisation. Usually, they are made to change the quality of products for the better with the help of, for example, the use of other materials. Indeed, this statement is reasonable, since each company sometimes faces such challenges.
Such processes are included in a series of value adding activities that positively affect the final product. Thanks to this, the manufacturer can raise prices and, thus, receive more profit.
For example, Samsung often produces new phones using more expensive and technological details: cameras or processors. This is necessary for buyers, and they are willing to pay more for quality.
There are also non-value adding activities that companies sometimes need. They can, for example, break off relations with some suppliers and cooperate with other, more expensive ones. Undoubtedly, this can adversely affect the company’s profit; however, with a right distribution of expenses and income, such changes take place without significant damage.
Each company needs to have a streamlined information system to coordinate work processes. In particular, it affects the entire supply chain, and with it, managers can track changes and make timely edits.
First, it allows communicating with each representative of the chain parts and giving them clear instructions for action.
Second, it helps planning the activities of the company based on data obtained from different departments.
For instance, the Busuu information system can contain all the company’s developments. It may also include a repository of all educational materials of the app and a messenger for communication between employees.
When all the necessary data and employees are placed in one information field, the workflow becomes stable and simple.
Compiling an information system is an essential task in which all the features and needs of an organisation must be taken into account.
Also, one of the crucial details that must be remembered is the storage of data in various ways to avoid loss.
A competent approach to all the information related to the company’s activities positively affects all its processes and, accordingly, the final result of the work.

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IvyPanda. (2022, February 18). The Supply Chain Management: Profits for the Organization. https://ivypanda.com/essays/the-supply-chain-management-profits-for-the-organization/

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"The Supply Chain Management: Profits for the Organization." IvyPanda, 18 Feb. 2022, ivypanda.com/essays/the-supply-chain-management-profits-for-the-organization/.

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IvyPanda. (2022) 'The Supply Chain Management: Profits for the Organization'. 18 February.

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IvyPanda. 2022. "The Supply Chain Management: Profits for the Organization." February 18, 2022. https://ivypanda.com/essays/the-supply-chain-management-profits-for-the-organization/.

1. IvyPanda. "The Supply Chain Management: Profits for the Organization." February 18, 2022. https://ivypanda.com/essays/the-supply-chain-management-profits-for-the-organization/.

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IvyPanda. "The Supply Chain Management: Profits for the Organization." February 18, 2022. https://ivypanda.com/essays/the-supply-chain-management-profits-for-the-organization/.

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Reading time	2 min
Type	Essay
Pages	1
Words	350
Subjects	Business Management
Language	🇬🇧 English