TITLE:
Supply Chain Management (SCM): Its Future Implications
AUTHORS:
Mamun Habib
KEYWORDS:
Supply Chain Management, ITESCM, Service Industry, Education, Evolution
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.2 No.9,
August
27,
2014
ABSTRACT: This keynote paper represents theory of
Supply Chain Management (SCM) and its future implications as well as demonstrates
chronological prospective of SCM in terms of time frame in different areas of
manufacturing and service industries. SCM has been widely researched in
numerous application domains during the last decade. Despite the popularity of
SCM research and applications, considerable confusion remains as to its
meaning. There are several attempts made by researchers and practitioners to
appropriately define SCM. Amidst fierce competition in all industries, SCM has
gradually been embraced as a proven managerial approach to achieving
sustainable profits and growth. Finally, this study demonstrates Educational
Supply Chain Management, as the application of SCM in the service industry,
which would unlock other applications of SCM in different arenas. Integrated
Tertiary Educational Supply Chain Management (ITESCM) model would be verified
through Structural Equation Modeling (SEM) Techniques that would describe in
this paper. The ITESCM model furnishes stakeholders of the supply chain with
appropriate strategies to review and appraise their performance toward
fulfillment of ultimate goals, i.e. producing high-ca- liber graduates and
high-impact research outcomes, which represent two main contributions, for the
betterment of the society.