{"id":3781,"date":"2023-03-01T22:34:26","date_gmt":"2023-03-02T03:34:26","guid":{"rendered":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/?p=3781"},"modified":"2023-03-01T22:34:26","modified_gmt":"2023-03-02T03:34:26","slug":"the-importance-of-supply-chain-management-and-its-affect-on-business-3b","status":"publish","type":"post","link":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/2023\/03\/01\/the-importance-of-supply-chain-management-and-its-affect-on-business-3b\/","title":{"rendered":"The importance of supply chain management and its affect on business &#8211; 3B"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-3782\" src=\"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/shutterstock_680770918-300x194.jpg\" alt=\"\" width=\"300\" height=\"194\" srcset=\"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/shutterstock_680770918-300x194.jpg 300w, https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/shutterstock_680770918-768x496.jpg 768w, https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/files\/2023\/03\/shutterstock_680770918.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Supply chain management is the deliberate effort to ensure that goods are delivered in the most efficient and effective way. \u201cSupply chain management is the handling of the entire process of turning raw materials into a final product. Without the supply chain, we would not have access to food and health products, or the items that allow us to work, travel and entertain ourselves. Supply chain management involves a network of suppliers connected via a centralized management process. Each supplier acts as a link that moves a product along a chain of production, from raw material suppliers to manufacturers to retailers.\u201d The significant change in interest and exchange rates this makes the supply chains fragile. American consumers were affected by supply chain issues through COVID, and this has shown us how important supply chain management is. Supply chain issues will lead to inflation and a lack of available goods. This creates higher prices with demand and longer wait times to purchase necessary items. (Baby Formula, toilet paper, medicine, chips, processors, etc.)<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/onlinebusiness.umd.edu\/mba\/resources\/what-is-supply-chain-management-and-why-is-it-important\/\">https:\/\/onlinebusiness.umd.edu\/mba\/resources\/what-is-supply-chain-management-and-why-is-it-important\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supply chain management is the deliberate effort to ensure that goods are delivered in the most efficient and effective way. \u201cSupply chain management is the handling of the entire process of turning raw materials into a final product. Without the supply chain, we would not have access to food and health products, or the items [&hellip;]<\/p>\n","protected":false},"author":29429,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10531],"tags":[],"class_list":["post-3781","post","type-post","status-publish","format-standard","category-student-post","entry"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts\/3781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/users\/29429"}],"replies":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/comments?post=3781"}],"version-history":[{"count":1,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts\/3781\/revisions"}],"predecessor-version":[{"id":3783,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/posts\/3781\/revisions\/3783"}],"wp:attachment":[{"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/media?parent=3781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/categories?post=3781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/community.mis.temple.edu\/mis2101sec730spring2023\/wp-json\/wp\/v2\/tags?post=3781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}