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Supply Chain Management (SCM) and Recession Recovery
Abstract
The challenges presented by recent changes in the business environment have sharpened the focus on the need for robust approaches to supply chain improvement. For most companies around the world, resources have been reduced, inventory drained, technology spending curtailed, and core processes scaled back in order to adjust to the current reality of reduced demand. So, this paper mainly concentrates on giving some tips based on recession recovery strategies. Firstly, this paper discussed the supply chain management trends in and up to 2015, then general concept of recession and the relation between recession and supply chain management system, then some fatal mistakes of recession recovery according to the supply chain experts and recession and recovery related literature reviews are summarized to identify ultimately the recession recovery strategies for the manufacturer. The paper ended with some supply chain management related predictions, tips for reducing supply chain barriers. Moreover, a brief section of this paper also here highlights the supply-chain infrastructure helpful for recession recovery that is one of the important factors for the reason of cost-reduction, resource planning and maintenance etc. in today's supply chain management and related environment.
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