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What do you understand by Supply Chain Manageme...

What do you understand by Supply Chain Management?

What do you understand by Supply Chain Management?

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Jeeba Mar. 07, 2018

A supply chain management is the connected group of resources, individuals, activities and technologies involved in manufacture to sale of products and also an administration of supply of products or services in order to attract the customers and achieve competitive advantages over the market.

In addition, it is the management of all business processes and activities including procurement of raw materials, manufacturing and distribution management of Finished Goods.

Successful implementation of supply chain management requires great amount of coordination with buyers, suppliers and setting up a joint product development and common shared information system. A key requirement of implementing successful Supply Chain management is use of computer network system for sharing of information.

What do you understand by Supply Chain Management?

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