Thursday, May 21, 2009

Supply Chain Management

Posted on 12:52 AM by Mirza Muhammad Qayyum Baig

  • Supply chain management is an extension of logistics management
  • Supply Chain Management is the next step in business revolution
  • Operational management/operational research lay the foundation of supply chain management
  • One of the most significant changes in the paradigm of modern business management is that individual businesses no longer compete as solely autonomous entities, but rather as supply chains.
  • Business Management has entered the era of inter-network competition and the ultimate success of a single business will depend on management’s ability to integrate the company's intricate network of business relationships.
  • Supply Chain is a network of organizations that are linked directly or indirectly to fulfill a customer’s request for a product or service.
  • SCM is a management concept that includes a set of techniques and methods to manage and control the supply chain.
  • Increasingly the management of multiple relationships across the supply chain is referred to as Supply Chain Management.

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