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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