Research Question Coursework Example | Topics and Well Written Essays - 250 words

Research Question - Coursework Example Lastly, the study of supply chain management is important at the society level. In this respect, a well-managed supply chain within the society creates employment and improves the standard of living. The functions of purchasing and logistics tend to contribute positively to the supply chain performance in a number of ways. The purchasing and logistics influence the efficiency of the supply chain by increasing the competitiveness of the organizations (Yang, 2012). Notably, the functions of the logistics and purchasing facilitate supply chain to achieve customer satisfaction, timely processing clients’ orders, and efficient delivery the ordered good and services (Schroeder, 2010). In this respect, timely purchase and delivery of goods and services ensures that companies attract and retain new and existing clients. In essence, purchasing and logistics optimize supply chain. In turn, the effective and well-organized supply chain maximizes operational performance, as well as, profit margins. Moreover, functions of purchasing and logistics augment supply chain to realize sustainable competitive