Supply Chain A supply chain is a system of organizations, people, technology, activities, information, and resources involved in moving a product or service from supplier to customer.
Definition of Supply Chain Management (SCM)• Supply Chain Management is primarily concerned with the efficient integration of suppliers, factories, warehouses and stores so that merchandise is produced and distributed in...
Importance of Supply Chain Management:1. It reduces inventories along the chain.2. It shares better information among the partners.3. It plans in consultation rather than in isolation.
Decision Phases in a Supply ChainSuccessful supply chain management requires many decisions relating to the flow of information, products, and funds. These decisions fall into three categories or phases, depending...
Process view of a supply chain is sequence of processes and flow that take place within and between different stages and combine to fill a customer need for a product.The...