|Type of paper:||Essay|
|Categories:||Business Supply chain management|
Relationship between the products, key stakeholders and other related networking bodies
Information flows within the global supply chains gets discussed as a vital component of the complex supply chain. The assertion gets based on the shared relationship between the products, key stakeholders and other related networking bodies involved. Therefore, this paper gets founded on an essay which critically discusses whether I agree or disagree with the opinion which entails suppression of information flows within the global supply chain. The main reason for the suppression gets depicted to maximize the added value of products as they move along the supply chain. The details require that this discussion gets supported by both the supply chain theories and the real world examples.
I strongly disagree with the mentioned issue on the suppression of the information flows within the global supply chains. Global supply chains get associated with a broad range of activities which requires accurate information flow, in particular between the supply chain stakeholders to ensure the end products are of high quality. Some of the activities involved include; designing, planning, execution of operations, control of the flow of products and finally monitoring the movement of the chain among other related activities. Any suppression of information flows among chain stakeholders who also ensure the oversight of these activities is likely to offer unfavorable outcome on the end product. Critiques of Business Management argue information flow within the global supply chain as a key determinant of the final product that an organization or a company produces (Mangan & Lalwani, 2016). Any miscommunication in the global supply chain may thus interfere with the product quality. The interference may get noted inform of suppression of chain stakeholders or mechanical system interference thus leading to the unfavorable outcome.
The maximization of product quality
My position on the subject equally gets supported by the supply chain theories and the real word examples. The first supply chain theory gets founded transaction cost economics theory. The theory answers the question of the existence of firms. Firms or businesses existence gets pegged on the maximization of product quality as they move along the supply chain until the final product gets realized. The theory also shares in the view of firms paying keen attention to the information flows within the global supply chains for their existence to get justified. It also considers the vitality of product quality and the issues involved. The major issues the theory highlights are based on supply chain stakeholders and the influence of a firm or business decision (Mangan & Lalwani, 2016). On the part of stakeholder's, it encourages information flows and critical and accurate decision making which ensures that the final product is of a higher quality. Therefore, this theory also overrules the aspect of suppression of information flows within the global supply chains. It considers suppression as a major interference which may not only reduce the quality of the end product but also drive away the customers or major consumers' of the product.
The next theory is based on the network perspective. The theory gives direct validation for my stand on the issue. It argues on firms considering broad network within the global supply chain. It depicts that firms should not only consider their relationship with their right partner but should ensure reliable networking within the supply chain. Active or extensive networking may not get achieved without the information flows within the system (Mangan & Lalwani, 2016). The theory goes further to argue that the assertion will ensure thorough checks conducted hence enhancing the value of the final product. Just like the first and second argument, this theory also shares in disapproving the idea of suppression of information flows within the global supply chains.
The third theory to validate my concern gets based on that of social network (Mangan & Lalwani, 2016). The theory in discussion pays close attention to the different relationship types within the global supply chain system. It analyzes both the behavioral and the social aspect of key stakeholders and their input in ensuring the output is of a higher quality. It notes that quality of an end product can also get realized if firms or businesses employ several experts with different expertise within the global supply chain. It equally recognizes that the mentioned will lead to high information flows within the supply chain system which in turn ensures that the value of the end product is added regarding quality. The depicted compares with a real word example where a company with many employees who owns different expertise tend to produce products of high quality due to the aspect of diversity in skills.
The final theory of supply chain
The final theory of supply chain which also supports the view gets based on principle- agent. The theory mainly gets concerned with matters pertaining governance and the control mechanism that a firm or a business applies within the global supply chain system. It also identifies the available opportunities within the system and the conflicting ideas and presents solutions to them. The connection it shares with global supply chain gets based on matters of control mechanisms within the system. Control mechanisms involve issues of information flows and the availability of stakeholders within any system that deals with goods and services. The theory notes the importance of high information flows as one which allows reasonable criticism of products with the supply chain before they become the final product. It notes that suppression of the information flows may lead to inferior products which in turn ends up inviting negative criticism from the consumers hence lowering marketability of the produced goods (Mangan & Lalwani, 2016). It, therefore, considers the flow as one which allows thorough deliberation among the major stakeholders before the end product is reached, and ensures that value is added on the final good.
In consideration of my disagreement with the statement, I would propose that information flows within the global supply chain be encouraged based on the firms' or businesses' capability of producing a product. Firms or businesses with excellent capability of producing many products should be allowed to retain high information flows within the global supply chain to ensure thorough checks on the products as they flow along the supply chain. On the other hand, those with little capability should equally possess information flows which are needed by the business. Excessive acquisition of information flows may again interfere with the flows of products along the global supply chain system.
In summary, the critical discussion on the paper fails to agree with the statement in discussion and offers various justifications through the use of supply chain theories and the related real world example. It recognizes the importance of information flows within the system as a vital one which should not get suppressed by any course to ensure thorough checks on products before they get ascertained. Therefore, the essay qualifies in providing the need of the paper by taking an opposite stand and offers various justifications as pointed out in the whole paper.
Mangan, J., & Lalwani, C. (2016). Global logistics and supply chain management.
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Free Essay on Global Supply Chain Management. (2018, Nov 02). Retrieved from https://speedypaper.net/essays/101-global-supply-chain-management
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