Supply Chain Management

Supply chain management is presenting a formidable new source of competitive advantage, and many companies across the world have come to grips with this fact. Supply chain management entails all the integrated activities that convey products to the market and improve customers’ satisfaction. Supply chain management is an incorporated approach to planning, controlling, and implementing the flow of materials, information, component suppliers through the manufacturing of the finished product, and services from raw material for maximum distribution to the end customer. It entails the systematic incorporation of processes for customers’ relationship support, demand planning, product/service launch, manufacture/operations planning and control, order fulfillment/delivery, reverse logistics and their related risks, life-cycle support, and supplier relationship collaboration.

The processes associated with supply chain management, which utilize a combination of ...