The most important concepts in the business-supply chain relationship Essay

The most important concepts in the business-supply range of a function relationship - Essay ExampleFor example, the supply chain of an automaker is different from that of a consumer electronics goods manufacturer, meaning their foundation also contrast (Oliveira and Gimeno 29). Suppliers in the automotive industry essential have adequate capital and facilities to extend materials at competitive prices, and these materials are unique to that industry. On the other hand, automakers should have the capacity to store and help these materials to develop the product and then sell it through the distribution networks.Suppliers and producers must observe relevant level-headed requirements in their specific industries to avoid attracting punitive measures that would handicap their capacity and freedom to operate (Oliveira and Gimeno 54). Industry-specific legal and restrictive requirements must be observed by both parties, or their relationship would be compromised by interruptions and constraints.For businesses, sociable and working conditions are part of company policy regarding employee welfare and the employer-employee relationship. They are also closely related to the labor policies of whichever countries they operate in. In recent times, there have been reports of employee maltreatment involving poor working conditions, highly low wages, and lack of employee rights, especially among suppliers (Stadtler, Kilger, and Meyr 42). Large companies like Nike have been accused of working with rogue suppliers who do not respect labor rights, and this has damaged their reputations. As such, businesses and supply chains must demonstrate affixation to ethical practices and respect for labor laws.This involves communicating and operational efficiency. To keep the supply chain running optimally, suppliers must communicate with their partners at various levels and ensure that all processes run seamlessly. There has to be good communication between businesses and suppliers, to reduce