Friday, February 24, 2017

Supply chain management

Supply chain management has emerged as one of the most powerful business improvement tools available nowadays.

Suppliers, manufacturers, distributors, retailers and a host of service organizations have discovered that they must either transform their operations and tactics or be beaten by competitors with more innovative and aggressive supply networks.

What is supply chain management? Supply chain management is the coordination of production, inventory, location, and transportation among the participants in a supply chain to achieve the best mix responsiveness and efficiency for the market being served.

The focus of supply chain management is on co-operation and trust and their recognition that properly managed.
Supply chain management
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