A reflective learning journal Essay Example | Topics and Well Written Essays - 750 words

A reflective learning journal - Essay Example There is the explanation, as to how the profits of a firm can be useful in the development of the principles of the supply chain management. The increased level of the interaction between these two fields shall allow enhancement of the ability of the organizations to meet their goals. The traditional aspects of the strategic management have been aimed at the operational level efficiency of the firms. The obtaining of products or services through the markets has been evolving at high speed. The new companies are no longer fighting the war on the strategic turf; it is being increasingly fought on the supply chain side. The improvement in the supply chain is one of the ways of countering the increasing costs. It also helps to tide over the increasing competition in a number of areas of management. The supply chain is representative of the link between the hierarchies and the market. The increased efficiency in this field is a potential source of competitive advantage. This research paper has helped in comprehending the importance of the synergy between the fields of the strategic management and the supply chain management. This is an area of great importance in the modern corporate world. The developments of the newer kind of competition have an effect on the competencies of the firm. One of the prime examples of this process can be seen in the case of the supermarkets. The supply chain management plays a great role for cost-saving. It also allows in the achievement of the strategic objectives of the firm. The paper deals with the case between the Hughes Aircraft Systems International and the Air services Australia. Hughes was an applicant in the case, who was also an unsuccessful bidder in the two of the tender processes. It was conducted by the Civil Aviation Authority. The proceedings of the court found that the processes were governed by two tenders. This had an effect on the process of the tenders. The terms of