The Transformation of the Music Industry Supply Chain - Essay Example

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Extract of sample
The Transformation of the Music Industry Supply Chain

This research will begin with the statement that developments such as Information Technology (IT) have had profound impacts on the way companies do business. Of late, companies have had to rethink the way their activities are coordinated from production to the final consumers. These shifts in company’s actions have not been initiated by technology alone. The theory of investment, changes in consumer preferences, taste and fashion have had a profound impact in shaping company’s strategy. Supply chain management (SCM) has been considered as the most popular operations strategy to help companies sail through these challenges and for improving organisational competitiveness in the twenty-first century. In the 1990s, agile manufacturing (AM) gained momentum and received due attention from both researchers and practitioners as SCM gradually attract interest. Both AM and SCM appear to differ in philosophical emphasis, but each complements the other in objectives for improving organisational competitiveness.Supply Chain Management (SCM) activities are related to problem-solving, information sharing, and cost reduction initiatives. The influences of individual-level antecedents on post-adoption utilisation of a specialised IT within an SCM context were examined by Bradley. Bradley found out that 92% of the people he questioned in1999, were planning to implement one or more supply chain initiatives. Supply chain plans to integrate key business activities through improved relationships at all levels of the supply chains. ...Show more

Summary

The aim of this paper was to analyze the music industry with respect to the supply chain. Priority was paid to key change drivers. In the course of the analysis, there is considerable evidence that there has been a paradigm shift of the supply chain of the music industry.

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