Question

Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s.

Answer 1

Supply chain management gained attention from senior-level management in the 1990s, after a wave of deregulation in the late 1970s and 1980s. This wave eliminated or reduced government restrictions on various industries, allowing businesses to optimize their supply chains and improve efficiency.

Step-by-step explanation:

Supply chain management (SCM) gained attention from senior-level management in the 1990s, despite references to it in the 1980s. One reason for this delay is the combination of improvements in production technologies and a general belief that markets could adequately provide services. This led to a wave of deregulation starting in the late 1970s and continuing into the 1990s, which eliminated or reduced government restrictions on industries like telecommunications, airlines, trucking, banking, and electricity. These changes created opportunities for businesses to optimize their supply chains and improve efficiency.