Supply Chain Management



Supply Chain Management - Definition

Supply Chain Strategy

Supply Chain Performance


Supply Chain Management Best Practices

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Introduction to Supply Chain Management

Importance of Supply Chain Management

Before discussing what are the features of Supply Chain Management, it is important to point out that good supply chain management offers a strong competetive advantage to a firm and that weak supply chain management can result in poor performance.

Supply Chain - Definition

A customer purchases a product from a retailer. The retailer obtains the product from the distributor. The distributor receives the product from the manufacturer. The manufacturer gets his raw material to produce the product from one or more suppliers.

These stages involved in delivering the product to the customer when connected together form the supply chain.

There is a flow of products, information, and funds between the stages of the supply chain.

A good supply chain aims to increase the supply chain profit. Supply Chain profit is the difference between the price of the product paid by the customer and the cost incurred by the supply chain in producing the product.

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