Assignment:
Can you reword/rephrase the following paraphrases. (Please keep them in paragraph form) Thank you so much!
Corporate companies' main aim is often to reduce costs while growing revenues to the maximum degree feasible. Firms, on the other hand, must create an effective supply chain management system to achieve this important objective. As a result, chain management will seek to enhance the company's overall performance while also fulfilling the demands of customers by improving the quality of services offered.
When it comes to supply chain management, good communication is critical. The data provides a complete view of the supply chain, which is necessary for making supply chain decisions. It also serves as a platform for carrying out and monitoring supply chain operations (Christopher, 2016). As a consequence, supply chain managers should design effective communication processes that offer rich information needed for supply chain network management. Businesses also need a supply chain management system to meet the demands of production and purchasing efficiently. Furthermore, supply chain management improves collaboration and coordination among suppliers, distributors, customers, and service providers, as well as suppliers and consumers (Christopher, 2016).
The management of the distribution chain, on the other hand, is affected by several business factors. Manufacturing facilities in a worldwide environment, strategic supplier collaboration, access to cutting-edge technology, high-quality and safe products, and shorter lead times are just a few of the urgent problems confronting supply chain management today (Christopher, 2016). Suppliers will continue to suffer in the supply chain management process until these problems are effectively mitigated.
Plastic manufacturing and recycling plants are examples of businesses whose customers come from all over the world. In this example, the businesses offer plastic-packaged products to their target consumers, such as soft drinks, milk, and other items. Customers' old bottles or plastic packs, on the other hand, are expected to be acquired by the company for use as raw materials in future manufacturing. An agency arrangement is one in which the company acts as the customer's supplier or vendor. Once purchasing the items, the client is not only a provider of raw materials but also a supplier of finished products after the products have been utilized.
The involvement of target customers in the supply chain has resulted in the development of new items. Initially, the companies may manufacture ecologically friendly plastic items. Plastic recycling reduced the amount of plastic trash that would otherwise be deposited in the environment. It also allows the company to save money on the expense of purchasing new packaging materials in the future. Because buyers believe the commodity to be rubbish, purchasing valuable resources from them is less expensive than from other sources. As a consequence, the firm benefits not only from a cleaner atmosphere but also from a decrease in the time it takes to produce raw materials. The incorporation of these components also allows the company to explore new material applications by creating new types of recycled goods.