SUPPLY CHAIN MANAGEMENT

SUPPLY CHAIN MANAGEMENT

    Supply chain management is that the management of the flow product} and services and includes all processes that rework raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize client worth and gain a competitive advantage within the marketplace. SCM represents a trial by suppliers to develop and implement offer chains that area unit as economical and economical as doable. offer chains cowl everything from production to development to the data systems required to direct these undertakings.

     

GOAL OF SUPPLY CHAIN MANAGEMENT

• Collaborative potential

       When you don’t have an efficient system in place, managing the inventory, co-ordinative with provision and suppliers may be a struggle. However, with a offer chain system in place, it's easier to coordinate with suppliers and consumers within the same channel

• Higher quality

          In a supply chain, this feedback are often shared with the makers to deal with any issues and     foster a win-win state of affairs for all

• Stability

         Collaborative designing and enterprise of all activities right from the origination to the delivery of the  ultimate product modify the business to thrive underneath any condition. The result's improvement and balance in meeting the requirements the client.

• Change management    

              A flexible supply chain management system can facilitate to leverage opportunities         and overpower potential threats by anticipating changes and adapting to them