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Supply chain management (SCM) is very important to bring efficiency in your business. SCM is the backbone of e commerce. Supply chain is contributing a lot in global economy. It is responsible to carry out 90% trade of the world. Therefore, an effective supply chain can helps:

To reduce operating costs

To improve financial position

To grow the economy of the country

To boost customer service

To ensure human survival

To create job opportunity

and so on.

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7y ago

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Related Questions

Is logistic a part of supply chain management or supply chain is the part of logistic?

logistics is a part of supply Chain Management


When was Supply Chain Management Review created?

Supply Chain Management Review was created in 1997.


Diffenrences between supply management and supply chain management?

Supply management are the methods of modern corporate or institutional buying. Supply chain management is the management of the flow of goods, including raw materials, inventory and finished goods.


Does supply chain management have benefits?

Supply chain management is strategic and tactical for manufactures. The manufacturer can save time and money using supply chain management with features that moniter and validate.


What is meant by Strategic Supply Chain Management?

Supply chain management comprises of three levels 1. tactical 2. strategic 3. operational. 1. Strategical supply chain management decisions includes product development, customers, manufacturing, vendors, and logistics. The strategic supply chain management tries to expand the supply chain processes. 2. tactical supply chain management includes decisions in manufacturing, logistics, suppliers and product development. 3. operational supply chain management includes the day to day operational supply chain decisions ensure that the products efficiently move along the supply chain, achieving the maximum cost benefit.


Is the title features of supply chain management same as best of supply chain management?

The title "Features of Supply Chain Management" does not mean the same thing as "Best of Supply Chain Management." The first one just notes the features of the style of management; the second donotes that it will focus on the best practices of the style of management.


Logistics management supply chain management and materials management?

I think this link will help you with the supply chain management.http://www.management-vs-leadership.com/index.php/management/supply-chain-management/35-supply-chain-management-and-hint-on-manager-salaries


Why is supply chain management important in operations management?

Supply chain management is important because it enables the organization to deliver their products to their customers. Without an effect supply chain their customers will go to another company.


What is Green supply chain?

Green Supply Chain Supply chain management with an emphasis on energy efficiency and environmental friendliness.


What was the traditional way of running an organisation before supply chain management?

supply chain management is helps easy to manage the goods supply and services


What is the Difference in supply chain and supply chain management?

Supply chain is the set of activities and resources that moves products from suppliers to customers. Supply chain management is the collaboration of firms to leverage strategic positioning and improve operating efficiency bringing value to customers.


What is the purpose of supply chain management?

The purpose of supply chain management is interconnected between the provision of products and services in what businesses call a supply chain. It can, for example, exist between businesses or business networks.

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