Supply Chain Management
The management of supply chains are a relatively new business function earlier each supplier would be treated as an individual supplier, but as business models became more sophisticated and technological advancements took palace it became increasingly important to manage the supply chain networks so that the product life cycle could be efficient and cost effective for a business. It is necessary to understand the links that make a supply chain and the reasons why in the management of the supply chain the relationships with suppliers are strengthened . If there is a break in any one of the links of the supply chain the entire chain has a tendency to fall apart.
The activities that are common in a supply chain that need to be managed efficiently with a continuous system of monitoring the activities are product development, production, sourcing
logistics and communication systems that are essential for the coordination of the supply chain.
Physical flows that are used in supply chain management are:
These are the absolute essential stages in a supply chain that need to be managed effectively for products to spend as little time as possible inventory or on the retail shelf. Managing the performance of the supply chain will help in creating an efficient business system with organized high performance activities within a business.
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The supply chain management volume work that we do on a daily basis covers the topics of: