supply chain

Discuss the value firms gain by pursuing Supply Chain Management as a business improvement effort. An answer must be presented in complete sentences, written in third person and include at least on in text citation (APA). For the purpose of this quiz, a submission must be at least 250 words Write a paragraph (minimum) describing new concept(s), terms or ideas that you learned from this week’s reading. For the purpose of this quiz, a submission must be at least 250 words. This answer can be written in first person. This is what can be talked about for what was learned this week: Supply Chain Maturity A research study by the MIT Forum for Supply Chain Innovation and PricewaterhouseCoopers titled “Supply Chain and Risk Management” identifies and explores the four levels of supply chain maturity: Level 1: Reactive supply chain management •Low degree of integration and little coordination between suppliers and partners •Minimal coordination between product design and supplier operations •Little visibility into source of supply chain risk •Unbalanced inventory leading to poor customer service Level 2: Internal supply chain integration with planned buffers •Align performance objectives and information across internal departments •Some visibility into emerging changes and patterns outside of the company •Changing demand patterns influence product design •Integration of internal risk management processes Level 3: Collaboration across extended supply chain network •Extensive data and information sharing produces high visibility •Integration of product design and inventory management across all supply chain partners •Visibility outside of the organization is exploited to predict change and variability •Monitor supply chain resilience levels and business continuity plan preparation