Research Paper (undergraduate) from the year 2019 in the subject
Business economics - Supply, Production, Logistics, grade: A, Walden
University (Business Administration and Technology), course: Global
Supply Chain Management, language: English, abstract: The supply chain
management process improvement elements of six sigma, benchmarking,
reengineering and process mapping can serve as a tool for the
identification, recovery from root causes of problems, and
inefficiencies in the global organizations. Process improvement
optimizes production, cost, and efficiencies in organizations pursuits
of production, distribution, and sales. Process improvement for the next
five years will be geared towards shorter time of product development,
cost reduction, quality, and e- business. The e- business will improve
customer services, information quality, planning collaboration, and the
supply network activities. Successful process improvement management can
lead to businesses operated internationally, thus more profits and
giving backs to the communities in which they operate in the form of
libraries, hospitals, clinics, and schools.