What is supply chain management?

Supply chain management alludes to networks of organizations that cooperate and facilitate their
activities to convey a product to market.

Discuss briefly the how or when supply chain grew up?

In 1960s, a trend came into existent of future productivity improvements of system which was highly
fragmented. The evolution of SCM was by categorized by Increase in degree of integration. Key areas of
this highly fragmented tasks were; Demand forecasting, Sourcing/ Purchasing, Requirement Planning,
Production planning, Manufacturing Inventory, Warehousing, Materials Handling, Packaging, Goods
inventory, Distribution planning, Order processing, Transportation, Customer service.

Later on, during the two decades i.e. 1970s and 1980s task composing logistics remained quite similar,
but consolidating into two distinct functions referred as materials management and physical
distribution.

True sense of logistics emerged in 1990s era where globalization incited a functional integration. All
elements of supply chain became part of single management perspective.

As getting in new century, with the assistance of recent data and communication technologies a lot of
complete integration became potential with supply chain management. A complex sequence of
activities aiming at value capture and competitiveness had become a part of supply chain management.

As innovation is propelling step by step, the developing degree of robotization of supply chains has been
a prevailing component of the advancement of both physical distribution and materials management.
Storage, materials handling, and packaging gained a remarkable push with this digitalization. Firms took
advantage of new manufacturing opportunities in developing economies through outsourcing and
offshoring as upcoming demand for flexibility without raising costs had become a primary concern.

Link: https://transportgeography.org/contents/chapter7/logistics-freight-distribution/evolutionlogistics-
2/

What is the impact of globalization on the supply chain?

Globalization offers organizations the chance to arrive at new clients in new business markets, which
drastically disturbs how producers need to work to be fruitful. Openness to new business markets
implies exposure to more prominent rivalry and more serious risk – yet in addition more noteworthy
reward.

In reality there are advantages and disadvantages to globalization and it might, or may essentially
influence your supply chain. Everything relies upon the nature of your business and how you deal with
your supply chain.

Advantages:

Reach new customers in new markets around the world:

Globalization improves on correspondence between entrepreneurs, sellers, and clients and along these
lines makes it simpler to arrive at new business markets and stay associated with clients regardless of
where they are in the globe.
Expand sourcing opportunities:

Globalization makes it feasible for organizations to get a different choice of laborers, materials, and
products from areas of the world that were already too far.
Offer a larger selection of goods and services:

Globalization builds your sourcing openings which implies it additionally expands the scope of products
and services that you can accommodate your client.
Grow and expand the scope of their business:

Globalization makes correspondence close to easy, which make it simpler for business markets to
extend and expand, in this way giving more chances to organizations owners to capitalize.
Save money and increase profits:

More alternatives to source from and to capitalize on more opportunities to save money on spending
and a more prominent possibility of profit.

DISADVANTAGES:
Greater complexity:

Global supply chains have worldwide issues. As organizations globalize they should scale up all parts of
their business, particularly their supply network.
Increased risk to your supply chain:

At the point when your materials, manufacturing plants, and clients are spread all throughout the globe
that implies your business is at the mercy of worldwide occasions, like natural disasters, port and
boundary terminations and changes to the geo-political landscape.
Increased competition:

You can wager that if your organization broke into another market that there are a few organizations
very much like yours with the approach precisely the same supplies, products, labor pool, and clients as
you. To remain in worldwide market supply chains, you should be pretty much as lean and productive as
could be expected.
Greater data collection challenges:

At the point when various parts of your supply chain are spread all throughout the globe, the interaction
information assortment and oversight fills in complexity and turns out to be more difficult.
More legal issues:

Working across borders implies working in nations with various general sets of laws, which can get
muddled and expensive rapidly.
Link:

https://www.flow.space/blog/globalization-supply-chain/#:~:text=Offer%20a%20larger%20selection
%20of,can%20provide%20for%20your%20customer.