Strategic Relationships in the Organisations Supply Chain Essay

Strategic Relationships in the Organisations Supply Chain - Essay ExampleThe researcher states that to analyze the existing supply chain kin various methods are there which kitty be employed to find out how the partners in a supply chain are performing and is the relationship only seems useful or is productive and skilful for the organization. Either we can go in a stepwise manner and review performance of apiece supply chain component, or we can view the who march as one unit and do its SWOT abbreviation through which we can easily find out the sapless link in the entire process and then can work or finding a solution for that weakness. now the main benefit that well achieve through SWOT analysis is that well have a full-scale analysis of our supply chain process, i.e., Well identify our core strengths which shall be quite helpful for us. Knowing our core strengths, we can focus on those areas or components to further improve and excel which depart not much contribute time and improve our efficiency. By knowing our weakness, well know what factors have been harming us and what steps are requisite to be made to eliminate the weakness or is the weakness due to such(prenominal) a weak link then we need to arrange alternate measure to fulfill the requirement on the passing basis. Next finding opportunities to established new and stronger relationships will help us grasp any such opportunity which shall be helpful in the more extended run for the organization. Finally, identification of threat will help us stay prepared for any troublesome or problematic situation which in normal circumstance would be disastrous for the organization and would have damaged the organizations film as well as a result in the financial loss as well. The process of management of various human, machine, technological and other resources and maintaining the relationships that the organization has its with supply chain stakeholders which include staff, employees, labor, supplie r, etc. to last develop end-product for the customer from mere raw materials through addition of value is called Supply Chain Management.