Supply Chain Management

INTRODUCTION

The fact of the matter is that most if not all the people who work in any business oranization are somehow involved with the suplly chain. And no matter where your career takes you, in veyr jb you do, you’ll be involved in one (or more) supply chain(s).

In this report, I will discuss the basics of supply chain mangemnt. Among other things, you will learn what a supply chain is, why tere is a need for supply chain management, what the key elements in managing a supply chain are and etc.

THE SUPPLY CHAIN MANAGEMENT

Supply chain is the system by which organizations source, make and deliver their products or services according to market demand.

The Supply Chain’s Strategic Importance

Supply chain management is the integration of the activities that procure materials and services, transform them into intermediate goods and final products, and deliver them through a distribution system

In other words, it is the strategic coordination of business functions within a business organization and throughout its supply chain for the purpose of integrating supply and demand management.

Competition is no longer between companies; it is between supply chains

Supply chain managers are people at various levels of the organization who responsible for managing supply and demand both within and across business organizations. They are involved with planning and coordinating activates that include sourcing and procurement of materials and services, transformation activities, and logistics.

SUPPLY CHAIN STRUCTURE

All organizations, regardless of where they are in the chain, must deal with supply and demand issues. The goal of supply chain management is to link all components of the supply chain so that market demand is met as efficiently as possible across the entire chain.

A Supply Chain for Beer

*Supply chains are sometimes referred to as value chains, a term that reflects the concept that value is added as goods and services progress through...