Running head: VARIOUS ASPECTS OF SUPPLYVarious Aspects of SupplyNameProfessorCourseDate1VARIOUS ASPECTS OF SUPPLY2Various Aspects of SupplyIntroductionA supply chain organization is an important part of connecting the various stakeholders people, activities, and resources for efficient delivery of goods and services. Manufacturing,sales, and other sourcing activities are integrated into the process. We shall analyze some of theperspectives that have shaped the supply chain in recent decades.DiscussionAdopting Lean and JITLean is a model of manufacturing that is highly associated with Toyota Motor Company(Pekuri et al., 2014). The model aims at the gradual development of the efficiency of a system bythe elimination of wastes. Wastes are the human activities that use up resources yet lead to theactual value. Some perspectives contribute to waste. They include the excess and earlyproduction and delays caused in the process. In this case, delays refer to lost waiting time for rawmaterials whereas early and excess production leads to waste by capturing resources early on inthe production period which assumes the risk of changing consumer tastes and preferences. Oneof the key principles of lean is the use of just-in-time inventory management. This inventorymanagement aims at making raw materials available in the minimum quantity required whileautomated activities are supervised by workers and any downtime is minimized.Various economic shifts ...
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