Supply Chain Management: Challenges, Practices, and Resourcing Strategies (Essay Sample)

Supply Chain Management Challenges, Best Practices, and Resourcing Strategies that Affect Project Implementation
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Supply Chain Management Challenges, Best Practices, and Resourcing Strategies that Affect Project Implementation
Introduction
Supply chain management involves controlling the flow of goods and services and all procedures required to transform raw materials into finished products. The basic components of SCM include planning, sourcing, making, delivery, and returning. Effective supply chain management increases collaboration, risk mitigation, and quality control that help project managers to manage high-profile projects. However, this model faces challenges as exposure to risks, costs control, and supplier relationship, which may cause a disruption to project managers. Sanghera (2021) explains how PMBOK project managers acquire resources for big projects. This guideline is also essential because it helps them to increase productivity.
Best practices from SCM that project managers should use when managing high-profile projects
The supply management system is an essential inter-organizational system that enables firms to handle smoothly the flow of goods from the supplier to the consumer. It reduces supply chain costs that result in increased leverage profit. According to Elmsalmi, Hachicha, and Aljuaid (2021), "companies attempt to improve the performance of their supply chain (SC) by distinguishing and presenting feasible sustainable development practices (SDP)". High profile risks require more attention than others because they have more risks. Therefore, managers need to choose best practices to form supply chain management to manage them. One of the three best practices from SCM that project managers need to consider is establishing an appropriate control level and minimizing risks. Since high profile projects are associated with high risks, project managers need to regularly review supply chain management policies and procedures. These big projects may be affected by unforeseen risks that may slow them down, making the project owners spend more than expected. In this