Discuss the role of marketing, human resources (HR), and finance in successfully managing the supply chain.
A firm’s global operations function is focused on managing the development, production planning, sourcing, and distribution of the company’s products. Consider an international firm with which you are familiar, including the products that it produces and sells. This could be a firm that you used to or currently work for or a firm that you have heard or read about in the news.
The supply chain is a complex network of organizations, people, activities, information, and resources involved in moving a product or service from conception to the end user. It is essential for businesses to manage their supply chains effectively in order to ensure that they can deliver products or services to their customers in a timely and cost-effective manner.
Marketing, human resources (HR), and finance all play important roles in successfully managing the supply chain.
- Marketing:Â Marketing is responsible for understanding customer demand and ensuring that the right products are available in the right place at the right time. They also play a role in forecasting demand, which can help to ensure that the supply chain is not over- or under-stocked.
- HR:Â HR is responsible for recruiting, hiring, and training the employees who work in the supply chain. They also play a role in ensuring that employees are motivated and engaged, which can help to improve efficiency and productivity.
- Finance:Â Finance is responsible for managing the financial aspects of the supply chain, such as budgeting, forecasting, and cash flow management. They also play a role in ensuring that the supply chain is cost-effective.
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