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Supply Chain Basics: A Beginner's Guide to Understanding the Flow of Goods
Have you ever wondered how that perfectly ripe avocado makes its way from a farm in Mexico to your local grocery store? Or how your new phone, assembled with components from across the globe, ends up in your hands? The answer lies in the complex yet fascinating world of supply chains. This comprehensive guide to supply chain basics will demystify this vital process, providing a clear understanding of its key components, challenges, and importance in today's interconnected world. We'll equip you with the fundamental knowledge needed to navigate discussions about supply chains, regardless of your industry.
What is a Supply Chain?
A supply chain encompasses all the steps involved in getting a product or service from its origin to the end consumer. This isn't just about transportation; it's a complex network of interconnected activities including:
Planning: Forecasting demand, sourcing materials, and scheduling production.
Sourcing: Identifying and selecting suppliers for raw materials, components, and services.
Manufacturing: Transforming raw materials into finished goods. This can involve multiple stages and locations.
Delivery: Getting the finished product to warehouses, distributors, and ultimately, the customer.
Returns: Handling returns, repairs, and recycling.
Key Players in the Supply Chain
Understanding the various players is crucial to grasping the intricacies of supply chain management. These players typically include:
Suppliers: Provide raw materials, components, or services.
Manufacturers: Transform raw materials into finished goods.
Distributors: Move goods from manufacturers to retailers or wholesalers.
Retailers: Sell products directly to consumers.
Customers: The end users of the product or service.
Logistics Providers: Manage the transportation and warehousing of goods.
#### The Importance of Effective Supply Chain Management
Effective supply chain management is paramount for business success. It directly impacts:
Cost Efficiency: Streamlining processes and optimizing logistics can significantly reduce costs.
Customer Satisfaction: Reliable and timely delivery enhances customer satisfaction and loyalty.
Competitive Advantage: A well-managed supply chain allows businesses to respond quickly to market changes and offer competitive pricing.
Risk Mitigation: Effective planning and risk management can help minimize disruptions caused by unforeseen events (e.g., natural disasters, political instability).
Sustainability: Modern supply chains increasingly prioritize ethical sourcing, environmental responsibility, and social impact.
Common Supply Chain Challenges
While the benefits are significant, managing a supply chain presents several challenges:
Globalisation & Complexity: Managing geographically dispersed suppliers and logistics networks adds complexity.
Demand Volatility: Fluctuating consumer demand makes forecasting and inventory management challenging.
Supply Disruptions: Unexpected events like natural disasters or pandemics can severely disrupt supply chains.
Visibility and Transparency: Lack of real-time visibility into the supply chain can hinder efficient decision-making.
Technology Integration: Integrating different technologies and systems across the supply chain can be complex.
#### Optimizing Your Supply Chain: Key Strategies
Several strategies can help businesses optimize their supply chains:
Inventory Management: Implementing effective inventory control techniques minimizes storage costs and prevents stockouts.
Demand Forecasting: Utilizing advanced analytics and forecasting models improves accuracy in predicting demand.
Supplier Relationship Management: Building strong relationships with reliable suppliers ensures consistent supply and quality.
Technology Adoption: Implementing supply chain management software enhances visibility, automation, and efficiency.
Risk Management: Developing robust contingency plans mitigates the impact of potential disruptions.
Conclusion
Understanding supply chain basics is crucial for anyone involved in business, regardless of their specific role. From the planning stages to final delivery, every element contributes to the overall efficiency and success of a company. By mastering the principles outlined above, businesses can optimize their supply chains, reduce costs, improve customer satisfaction, and achieve a competitive edge in today's dynamic market. Embracing technology, fostering strong supplier relationships, and implementing robust risk management strategies are all key to navigating the complexities of the modern supply chain.
FAQs
1. What is the difference between a supply chain and a value chain? A supply chain focuses solely on the flow of goods and materials, while a value chain encompasses the entire process of creating, delivering, and enhancing value for customers. The value chain includes marketing, sales, and customer service, which are typically not part of the supply chain.
2. How does technology impact supply chain management? Technology plays a crucial role in improving visibility, automation, and efficiency. Examples include ERP systems, warehouse management systems (WMS), transportation management systems (TMS), and blockchain technology for enhanced transparency and traceability.
3. What are some examples of supply chain disruptions? Disruptions can stem from natural disasters (earthquakes, floods), pandemics, political instability, labor strikes, port congestion, and even cybersecurity breaches.
4. How can I learn more about supply chain management? Numerous online courses, certifications, and industry publications provide in-depth knowledge on supply chain management principles and practices. Look for resources from reputable organizations and universities.
5. What is the role of sustainability in modern supply chains? Sustainability is increasingly important, focusing on ethical sourcing, reducing environmental impact (carbon emissions, waste), and promoting fair labor practices throughout the supply chain. Companies are incorporating sustainable practices to meet consumer demand and comply with regulations.
| supply chain basics: Basics of Supply Chain Management Lawrence D. Fredendall, Ed Hill, 2000-12-28 Supply Chain Management (SCM) was once a pie in the sky concept that could not be fully achieved. A key barrier was the cost of communicating with and coordinating among the many independent suppliers in each supply chain. SCM is possible because of three changes: technology has developed that simplifies communication, new management paradigms ha |
| supply chain basics: Supply Chain Management William C. Copacino, 2019-08-13 From one of the world's leading consultants, authors and practitioners in the area of supply chain management comes the most extensive coverage of the subject to date. Bringing more than 18 years of experience in logistics, manufacturing, purchasing, customer service, and supply chain management in a wide variety of industries, William Copacino offers his unique insight and recommendations in Supply Chain Management. This important book provides an overview of all areas of supply chain management in a concise yet informative style. Any busy executive or manager looking to deepen his or her understanding of supply chain management will find this efficient reading. Ideal for manufacturers, service companies, suppliers, distributors and retailers in consumer product, electronic, automotive, pharmaceutical and medical product industries. Provides strategies, tools and techniques for both executives and managers in production, purchasing, inventory control, customer service, distribution and accounting. Academicians will find it fits the growing needs of students studying business and especially production/operations management. |
| supply chain basics: Basics of Supply Chain Management Jayanta Kumar Bandyopadhyay, 2015-10-16 The practice of supply chain management has become widespread in most industries. It is now included in the curriculum of many business schools in the United States and in many countries around the world. A number of professional associations, such as the American Production and Inventory Control Society and the Supply Chain Management Society, off |
| supply chain basics: Fundamentals of Supply Chain Management , |
| supply chain basics: Fundamentals of Supply Chain Management Kenneth B. Ackerman, 2007 |
| supply chain basics: Five Basic Principles of Production and Supply Chain Management Bill Belt, 2009-03 The basics of industrial and supply-chain excellence in less than 200 pages ! This book for self-learning offers a step-by-step presentation of the best practices of modern manufacturing and logistic management, which have been moving beneath the surface, like tectonic plates, over the last few years. Thanks to their proven operational effectiveness, they have emerged as an interlocking group of five basics: - Voice of the Customer for innovation and development - production activities with and without added value - postponement or mass customization and modular thinking - dependent and independent customer demand - the two levels of the supply chain: strategic and operational The integration of these best practices gives Lean Supply Chain Management, which can help any company maximize its added value and the productivity of its people to innovate and to better serve the customer. Based on the author's long experience as a practitioner, educator, consultant and implementor, this book is an ideal learning tool. It contains several levels of text (summaries, examples, detailed explanations, questionnaires for measuring current practice ) to facilitate the acquisition of these key concepts and practices by any individual or company |
| supply chain basics: Fundamentals of Supply Chain Management John T. Mentzer, 2004-05-05 This book is an insightful, well-balanced, stimulating SCM Strategy book that clearly tells managers, consultants, as well as educators that the SCM concept is not a fad but a must strategy to gain competitive advantage in today′s dynamic global market place. There are three major strengths. First, it is an unprecedented interdisciplinary SCM strategy book that explains how companies obtain, maintain, and even enhance competitive advantages based upon a well-laid SCM strategy. Second, it provides readers a unique, well-balanced framework for SCM strategy formulation. Third, it is a valuable contribution in the area of SCM in that it does a good job in explaining such a complicated SCM strategy to readers in such a simple manner. —Soonhong (Hong) Min, University of Oklahoma Author of the bestselling text Supply Chain Management, John T. Mentzer′s companion book Fundamentals of Supply Chain Management: Twelve Drivers of Competitive Advantage has been developed as a supplemental text for any course dealing with strategy and supply chains. Written in an entertaining, accessible style, Mentzer identifies twelve drivers of competitive advantage as clear strategic points managers can use in their companies. Research from more than 400 books, articles, and papers, as well as interviews with over fifty executives in major global companies, inform these twelve drivers. The roles of all of the traditional business functions—marketing, sales, logistics, information systems, finance, customer services, and management—in supply chain management are also addressed. Complete with cases and real-world examples from corporations around the world, the book′s exemplars will help students and practicing managers to more effectively understand, implement, and manage supply chains successfully. |
| supply chain basics: Fundamentals of Supply Chain Management John T. Mentzer, 2004-05-05 Author of the bestselling text Supply Chain Management, John T. Mentzer's companion book Fundamentals of Supply Chain Management: Twelve Drivers of Competitive Advantage has been developed as a supplemental text for any course dealing with strategy and supply chains. Written in an entertaining, accessible style, Mentzer identifies twelve drivers of competitive advantage as clear strategic points managers can use in their companies. Research from more than 400 books, articles, and papers, as well as interviews with over fifty executives in major global companies, inform these twelve drivers. The roles of all of the traditional business functions—marketing, sales, logistics, information systems, finance, customer services, and management—in supply chain management are also addressed. |
| supply chain basics: Supply Chain Management and Advanced Planning Hartmut Stadtler, Christoph Kilger, 2005-12-06 ... To sum up, there should be a copy on the bookshelf of all engineers responsible for detailed planning of the Product Delivery Process (PDP). The Editors highlight the impressive gains reported by companies exploiting the potential of coordinating organizational units and integrating information flows and planning efforts along a supply chain. This publication is strong on coordination and planning. It is therefore recommended as an up-to-date source book for these particular aspects of SCM. International Journal of Production Research 2001/Vol. 39/13 |
| supply chain basics: Lean Supply Chain Management Essentials Bill Kerber, Brian J. Dreckshage, 2017-07-27 Presenting an alternate approach to supply chain management, Lean Supply Chain Management Essentials: A Framework for Materials Managers explains why the traditional materials planning environment, typically embodied by an Enterprise Resource Planning (ERP) system, is an ineffective support system for a company that wants to adopt Lean practices. |
| supply chain basics: Introduction to Supply Chain Management Technologies David Frederick Ross, 2010-10-12 It is almost impossible to conceive of the concept and practical application of supply chain management (SCM) without linking it to the enabling power of today‘s information technologies. Building upon the foundations of the first edition, Introduction to Supply Chain Management Technologies, Second Edition details the software toolsets and suites |
| supply chain basics: Business Logistics Management Wessel Pienaar, John Vogt, Kobus Cronje, Peter Kilbourn, Ulrike Kussing, Johan Louw, Joubert van Eden, 2012-12-20 Business Logistics Management 4e covers concepts and theories relating to the movement of goods, the coordination of supply chain, the most recent advances in logistics technology, the exchange of information, and the impact on business within the logistics management framework. |
| supply chain basics: Fundamentals of Supply Chain Theory Lawrence V. Snyder, Zuo-Jun Max Shen, 2019-07-01 Comprehensively teaches the fundamentals of supply chain theory This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, and auctions. Key mathematical models for optimizing the design, operation, and evaluation of supply chains are presented as well as models currently emerging from the research frontier. Fundamentals of Supply Chain Theory, Second Edition contains new chapters on transportation (traveling salesman and vehicle routing problems), integrated supply chain models, and applications of supply chain theory. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for facility location, a multi-supplier model for supply uncertainty, and a game-theoretic analysis of auctions. The second edition also contains case studies for each chapter that illustrate the real-world implementation of the models presented. This edition also contains nearly 200 new homework problems, over 60 new worked examples, and over 140 new illustrative figures. Plentiful teaching supplements are available, including an Instructor’s Manual and PowerPoint slides, as well as MATLAB programming assignments that require students to code algorithms in an effort to provide a deeper understanding of the material. Ideal as a textbook for upper-undergraduate and graduate-level courses in supply chain management in engineering and business schools, Fundamentals of Supply Chain Theory, Second Edition will also appeal to anyone interested in quantitative approaches for studying supply chains. |
| supply chain basics: Supply Chain Construction William T. Walker, 2015-08-26 All too often, entrepreneurs start small businesses unaware of their need for a supply chain network. And, large companies are acquired and their product lines merged with little regard for supply chain network integration and rationalization. Written for practitioners by a practitioner with 40 years of experience, Supply Chain Construction: The Ba |
| supply chain basics: Global Supply Chain and Operations Management Dmitry Ivanov, Alexander Tsipoulanidis, Jörn Schönberger, 2021-11-19 The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management. |
| supply chain basics: Supply Chain Strategy Edward H. Frazelle, 2001-10-16 High-Tech and High-Touch Logistics Solutions for Supply Chain Challenges In today's fast-paced and customer-oriented business environment, superior supply chain performance is a prerequisite to getting and staying competitive. Supply Chain Strategy is based on world-class logistics practices in place in successful supply chain organizations, the latest academic breakthroughs in logistics system design, and the logic of logistics. It presents the proven pillars of success in logistics and supply chain management. Part of McGraw-Hill's Logistics Management Library, Supply Chain Strategy is organized according to author Dr. Ed Frazelle's breakthrough logistics master planning methodology. The methodology leads to metrics, process designs, system designs, and organizational strategies for total supply chain management, total logistics management, customer response, inventory planning and management, supply, transportation, and warehousing. Concise yet complete, Dr. Frazelle's book shows how to develop a comprehensive logistics and supply chain strategy, one that will both complement and support a company's strategic objectives and long-term success. Logisticsthe flow of material, information, and money between consumers and suppliershas become a key boardroom topic. It is the subject of cover features in business publications from Wall Street Journal to BusinessWeek. Annual global logistics expenditures exceed $3.5 trillion, nearly 20 percent of the world's GDP, making logistics perhaps the last frontier for major corporations to significantly increase shareholder and customer value. And at the heart of every effort to improve organizational logistics performance? Supply chain efficiency. Supply Chain Strategy is today's most comprehensive resource for up-to-the-minute thinking and practices on developing supply chain strategies that support a company's overall objectives. Covering world-class practices and systems, taken from the files of Coca-Cola, Wal-Mart, General Electric, and other companies, it covers essential supply chain subjects including: Logistics data miningfor identifying the root cause of material and information flow problems, pinpointing opportunities for process improvements, and providing an objective basis for project-team decision making Inventory planning and managementpresenting metrics, processes, and systems for forecasting, demand planning, and inventory control, yielding lower inventory levels and improved customer service Logistics information systems and Web-based logisticshelping to substitute information for inventory and work content Transportation and distributionfor connecting sourcing locations with customers at the lowest cost by, among other things, leveraging private and third-party transportation systems Logistics organization developmentincluding the seven disciplines that link enterprises across the supply chain, as well as logistics activities within those enterprises Supply Chain Strategy explains and demonstrates how decision makers can use today's technology to enhance key logistics systems at every point in the supply chain, from the time an idea or product is conceived through its delivery to the final user. It describes the major steps in developing an effective, workable logistics management programone that will reduce operating expenses, minimize capital investment, and improve overall customer service and satisfaction. |
| supply chain basics: Essentials of Supply Chain Management Michael H. Hugos, 2018-02-22 The bestselling guide to the field, updated with the latest innovations Essentials of Supply Chain Management is the definitive guide to the field, providing both broad coverage and necessary detail from a practical, real-world perspective. From clear explanation of fundamental concepts to insightful discussion of supply chain innovation, this book offers students and professionals a comprehensive introduction with immediately-applicable understanding. The fourth edition has been updated to reflect the current state of the field, with coverage of the latest technologies and new case studies that illustrate critical concepts in action. Organized for easy navigation and ease-of-use, this invaluable guide also serves as a quick reference for managers in the field seeking tips and techniques for maximizing efficiency and turning the supply chain into a source of competitive advantage. The supply chain underpins the entire structure of manufacturing and retailing. Well-run, it can help a company become a global behemoth—or, if poorly-managed, it can sink a company before the product ever sees the light of day. The supply chain involves many moving parts, constantly-changing variables, and a network of other business that may have different priorities and interests—keeping it all running smoothly is a complex, but immensely powerful skill. This book takes you inside the supply chain to show you what you need to know. Understand the fundamental concepts behind supply chain management Learn how supply chains work, and how to measure their performance Explore the ways in which innovation is improving supply chains around the world Examine the supply chain as a source of competitive advantage Whether you’re at the front or the back of your supply chain, your business is affected by every other company and event in the chain. Deep understanding and a host of practical skills are required to accurately predict, react to, and manage the ever-changing stream of events that could potentially disrupt the flow. Essentials of Supply Chain Management prepares you to take on the challenge and succeed. |
| supply chain basics: Supply Chain Management For Dummies Daniel Stanton, 2017-11-29 Everyone can impact the supply chain Supply Chain Management For Dummies helps you connect the dots between things like purchasing, logistics, and operations to see how the big picture is affected by seemingly isolated inefficiencies. Your business is a system, made of many moving parts that must synchronize to most efficiently meet the needs of your customers—and your shareholders. Interruptions in one area ripple throughout the entire operation, disrupting the careful coordination that makes businesses successful; that's where supply chain management (SCM) comes in. SCM means different things to different people, and many different models exist to meet the needs of different industries. This book focuses on the broadly-applicable Supply Chain Operations Reference (SCOR) Model: Plan, Source, Make, Deliver, Return, and Enable, to describe the basic techniques and key concepts that keep businesses running smoothly. Whether you're in sales, HR, or product development, the decisions you make every day can impact the supply chain. This book shows you how to factor broader impact into your decision making process based on your place in the system. Improve processes by determining your metrics Choose the right software and implement appropriate automation Evaluate and mitigate risks at all steps in the supply chain Help your business function as a system to more effectively meet customer needs We tend to think of the supply chain as suppliers, logistics, and warehousing—but it's so much more than that. Every single person in your organization, from the mailroom to the C-suite, can work to enhance or hinder the flow. Supply Chain Management For Dummies shows you what you need to know to make sure your impact leads to positive outcomes. |
| supply chain basics: Supply Chain Security Arthur G. Arway, 2013-03-01 The supply chain is a complex system of numerous, integrated stakeholders. These stakeholders are responsible for the transportation, storage, documentation, and handling of material goods and cargo. Each entity has its own unique relationship with and role within the chain—as well as its own unique security requirements. The challenge of trying to secure the supply chain at every level is both a domestic and global concern. In this global economy, companies must be able to integrate security into supply chain logistics to protect their employees, assets, and clients from incidents of theft and other damaging events. Supply Chain Security: A Comprehensive Approach provides security professionals the tools necessary to ensure supply chain security. The book demonstrates how to establish and enforce security policies and protocols, including rapid responses that must be deployed in the event of a theft or security incident. Most importantly, it enables professionals to integrate business practices into the planning, development, and successful operation of supply chains to ensure security and protect assets. Drawn from the experience of a recognized leader in domestic and international supply chain logistics, trade, and transportation security, the book illustrates through a series of case studies how security professionals can institute sound security practices. By demonstrating to their stakeholders and potential customers that they provide a secure environment for materials, products, goods, and cargo, companies can increase their customer base and improve their bottom line. |
| supply chain basics: Supply Chain Management Bowon Kim, 2018-02-22 This edition of Supply Chain Management (SCM) was revised to appeal to a wider readership besides students taking SCM courses. Global supply chain managers and researchers in the fields of SCM and operations strategy would find it a useful reference. Rather than discuss the technical issues of SCM, the book focuses on the strategic perspectives and approaches of SCM. Students learn to identify SCM issues from the top management's perspective. The book also presents real-world managerial problems and incorporates case studies for connecting theories with practices. By exploring the fundamental issues of SCM, managers acquire a new learning perspective that enables them to solve problems in a more sustainable and innovative manner rather than use short-term, ad hoc solutions. Finally, it distils various theoretical concepts to allow researchers to observe real SCM issues in a managerial context which allows for practical, meaningful and impactful research to be carried out. |
| supply chain basics: Supply Chain Management: Text and Cases Vinod V. Sople, 2011 |
| supply chain basics: Supply Chain Management Demystified John M. McKeller, 2014-03-08 Your SOURCE for supply chain management fundamentals Optimize your understanding of the essential supply chain management practices used by the best firms to gain competitive advantage. Written in an easy-to-follow style, Supply Chain Management DeMYSTiFieD is filled with best practices and proven techniques for success. This practical guide covers supply chain collaboration, planning, strategic sourcing, manufacturing, production, logistics, risk management, and performance metrics. Corporate social responsibility is also addressed. Detailed examples and concise explanations make it easy to understand the material, and end-of-chapter quizzes and a final exam help reinforce key concepts. It's a no-brainer! You'll learn about: Creating a customer-focused strategy Buyer-supplier negotiations New product development Just in time (JIT), Lean manufacturing, and Six Sigma Transportation Global supply chains Simple enough for a beginner, but challenging enough for an advanced student, Supply Chain Management DeMYSTiFieD helps you master this essential business and quality management topic. |
| supply chain basics: Global Supply Chains in the Pharmaceutical Industry Nozari, Hamed, Szmelter, Agnieszka, 2018-11-09 In a rapidly growing global economy, where there is a constant emergence of new business models and dynamic changes to the business ecosystem, there is a need for the integration of traditional, new, and hybrid concepts in the complex structure of supply chain management. Within the fast-paced pharmaceutical industry, product strategy, life cycles, and distribution must maintain the highest level of agility. Therefore, organizations need strong supply chain capabilities to profitably compete in the marketplace. Global Supply Chains in the Pharmaceutical Industry provides innovative insights into the efforts needed to build and maintain a strong supply chain network in order to achieve efficient fulfillment of demand, drive outstanding customer value, enhance organizational responsiveness, and build network resiliency. This publication is designed for supply chain managers, policymakers, researchers, academicians, and students, and covers topics centered on economic cycles, sustainable development, and new forces in the global economy. |
| supply chain basics: Supply Chain Management For Dummies Daniel Stanton, 2023-01-16 Putting together all the links in the supply chain Supply Chain Management For Dummies gives you the full rundown on what a supply chain is, how it works, how to optimize it, and the best education for a rewarding supply chain career. This new edition is fully updated for changes to the supply chain in a post-Covid world. You’ll learn about the latest supply chain technologies, analytics and data-based optimization, and new strategies for delivering on your organization’s promises. This approachable resource can take your supply chain management skills to the next level with step-by-step explanations, expert tips, and real-life examples. Gain a foundational knowledge of issues in supply chain management Learn about today’s global supply chains, plus trends like reshoring and near-shoring Wrap your mind around how an organization’s moving parts can be coordinated in today’s high-tech world Discover strategies for dealing with disruptions, focusing on diversity, and increasing resilience This For Dummies guide is great for entry-level supply chain professionals and anyone who needs an update on need-to-know concepts and recent changes in supply chain management. |
| supply chain basics: Fundamentals of Supply Chain Theory Lawrence V. Snyder, Zuo-Jun Max Shen, 2019-07-11 Comprehensively teaches the fundamentals of supply chain theory This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, and auctions. Key mathematical models for optimizing the design, operation, and evaluation of supply chains are presented as well as models currently emerging from the research frontier. Fundamentals of Supply Chain Theory, Second Edition contains new chapters on transportation (traveling salesman and vehicle routing problems), integrated supply chain models, and applications of supply chain theory. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for facility location, a multi-supplier model for supply uncertainty, and a game-theoretic analysis of auctions. The second edition also contains case studies for each chapter that illustrate the real-world implementation of the models presented. This edition also contains nearly 200 new homework problems, over 60 new worked examples, and over 140 new illustrative figures. Plentiful teaching supplements are available, including an Instructor’s Manual and PowerPoint slides, as well as MATLAB programming assignments that require students to code algorithms in an effort to provide a deeper understanding of the material. Ideal as a textbook for upper-undergraduate and graduate-level courses in supply chain management in engineering and business schools, Fundamentals of Supply Chain Theory, Second Edition will also appeal to anyone interested in quantitative approaches for studying supply chains. |
| supply chain basics: Handbook of Global Supply Chain Management John T. Mentzer, Matthew B. Myers, Theodore P. Stank, 2007 Today all companies either source globally, sell globally, or compete with some company that does. This handbook provides a comprehensive understanding and assessment of the field of global logistics and supply chain management. |
| supply chain basics: Basics of Supply Chain Management Jayanta Kumar Bandyopadhyay, 2015-10-07 The practice of supply chain management has become widespread in most industries. It is now included in the curriculum of many business schools in the United States and in many countries around the world. A number of professional associations, such as the American Production and Inventory Control Society and the Supply Chain Management Society, offer certification programs in supply chain management for practicing professionals. This book covers the contents of the basic supply chain management course and helps you prepare for the certification examination in supply chain management. Basics of Supply Chain Management covers all modules of a core supply chain management course, including: Transformation process Forecasting and managing demand Planning and production scheduling Inventory management Purchasing management Distribution management Global supply chain issues Authored by a practitioner with the highest level of industrial experience and recognition, this book presents each concept fully and in an accessible manner. To aid understanding, it includes many practice problems, self-study test questions, and case studies. The case studies of 20 different companies can be used to teach graduate courses in supply chain management using the case method. National as well as global demand for supply chain management experts has been growing exponentially. Therefore, learning supply chain management can lead to a very rewarding professional career path. This book gives you the information you need to get started on that path. |
| supply chain basics: Introduction to e-Supply Chain Management David Frederick Ross, 2002-12-17 In the quest to remove supply channel costs, streamline channel communications, and link customers to the value-added resources found along the supply chain continuum, Supply Chain Management (SCM) has emerged as a tactical operations tool. The first book to completely define the architecture of the merger of SCM and the Internet, Introduction to e |
| supply chain basics: Healthcare Supply Chain Management Hokey Min, 2014-09-30 According to the health data released by the Organization for Economic Cooperation and Development (OECD), the United States spends more per capita on healthcare than any other OECD country. Currently, U.S. healthcare spending constitutes $2.5 trillion, or 17.3 percent of GDP, with healthcare costs increasing 9 percent annually. To reverse this alarming trend, the Obama administration recently led the effort to dramatically reform healthcare policy, laws, and regulations. This book provides you (whether a healthcare policy maker, hospital administrator, pharmaceutical company manager, or other healthcare professional) with practical guidance for leveraging supply chain principles to better manage healthcare resources and control healthcare costs. It introduces basic supply chain management concepts, terminologies, and tenets. Other included topics are strategicalliances among healthcare partners, value analysis of healthcare services and products, the impact of healthcare reforms on healthcare supply chains, and the development of performance metrics for the healthcare supply chain and benchmarking. |
| supply chain basics: Logistics Management and Strategy Alan Harrison, Heather Skipworth, Remko I. van Hoek, James Aitken, 2019 |
| supply chain basics: Basics of Supply Chain Management MGI Management Institute, American Production and Inventory Control Society, 2000 |
| supply chain basics: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| supply chain basics: Mastering the Supply Chain Ed Weenk, 2019-03-03 Mastering the Supply Chain is an introduction to supply chain management. The book integrates theory with practice and aims to create a cross-functional mindset in students and practitioners. It provides a wide overview of relevant supply chain concepts and sets out the challenges that need to be overcome in order to find practical ways of implementing these in a real company situation. Readers are continuously asked to actively reflect on the choices they make, thus experiencing first-hand the many challenges that good and effective supply chain management presents. Mastering the Supply Chain presents a different way of learning that puts the reader at the heart of a life-like situation, so that they experience the impact of every decision they make, not just in their own 'silo' but across the business. In this way, they will learn that many supply chain concepts are relatively simple to understand, but not so easy to apply in reality. Chapter 6 helps students to pull everything they've learned together and see how the concepts play out in the real world by guiding them through an interactive demonstration of the online business simulation game The Fresh Connection (free access is included with the book). This is a key text for students on supply chain management BScs and MScs as well as background reading for students playing the full version of The Fresh Connection Business Simulation game. |
| supply chain basics: Practical Finance for Operations and Supply Chain Management Alejandro Serrano, Spyros D. Lekkakos, 2020-03-10 An introduction to financial tools and concepts from an operations perspective, addressing finance/operations trade-offs and explaining financial accounting, working capital, investment analysis, and more. Students and practitioners in engineering and related areas often lack the basic understanding of financial tools and concepts necessary for a career in operations or supply chain management. This book offers an introduction to finance fundamentals from an operations perspective, enabling operations and supply chain professionals to develop the skills necessary for interacting with finance people at a practical level and for making sound decisions when confronted by tradeoffs between operations and finance. Readers will learn about the essentials of financial statements, valuation tools, and managerial accounting. The book first discusses financial accounting, explaining how to create and interpret balance sheets, income statements, and cash flow statements, and introduces the idea of operating working capital—a key concept developed in subsequent chapters. The book then covers financial forecasting, addressing such topics as sustainable growth and the liquidity/profitability tradeoff; concepts in managerial accounting, including variable versus fixed costs, direct versus indirect costs, and contribution margin; tools for investment analysis, including net present value and internal rate of return; creation of value through operating working capital, inventory management, payables, receivables, and cash; and such strategic and tactical tradeoffs as offshoring versus local and centralizing versus decentralizing. The book can be used in undergraduate and graduate courses and as a reference for professionals. No previous knowledge of finance or accounting is required. |
| supply chain basics: Fundamentals of Supply Chain Management Eugene Spiegle, William Mclaury, 2019-06-14 |
| supply chain basics: Business Basics , 2009 |
| supply chain basics: Understanding Supply Chains S. J. New, Roy Westbrook, 2004 The Supply Chain concept is one of the most important ideas to emerge in management research and practice in the last twenty five years. Organizations do not exist in isolation. Any organization, whether a large corporation, public body, or small business, which aims to meet the needs of its various customers and stakeholders will need resources in order to do this, and will acquire many of its materials, equipment, and supplies from other organizations. The performance of an organization is thus influenced to a greater or lesser degree by the actions of the organizations that make up the Supply Chain. There is no doubt that the emergence of Supply Chain Management has been a major development in management thinking and practice. It has become an established feature of management education, and a professional field with its own magazines and journals - a field with its own distinctive perspectives. However, many writers observe that it is a field characterized by imprecise terminology, sloppily applied metaphors, and conflated or confused concepts. The slightest skim of the many literatures that use the term reveals a wide range of interpretations, hundreds of different formulations, nuances, and taxonomies for the 'Supply Chain', and dozens of near synonyms. The purpose of this volume is to bring together insights from the leading researchers and thinkers on supply chain management to help move the field forward. It provides a survey of the key theoreticalconcepts which underpin the field, and presents critical evaluations of the underlying ideas and approaches. It will be an important resource for those active in researching in or applying the ideas of supply chain management, and for advanced students and their teachers. |
| supply chain basics: The Digital Supply Chain Bart L. MacCarthy, Dmitry Ivanov, 2022-06-09 The Digital Supply Chain is a thorough investigation of the underpinning technologies, systems, platforms and models that enable the design, management, and control of digitally connected supply chains. The book examines the origin, emergence and building blocks of the Digital Supply Chain, showing how and where the virtual and physical supply chain worlds interact. It reviews the enabling technologies that underpin digitally controlled supply chains and examines how the discipline of supply chain management is affected by enhanced digital connectivity, discussing purchasing and procurement, supply chain traceability, performance management, and supply chain cyber security. The book provides a rich set of cases on current digital practices and challenges across a range of industrial and business sectors including the retail, textiles and clothing, the automotive industry, food, shipping and international logistics, and SMEs. It concludes with research frontiers, discussing network science for supply chain analysis, challenges in Blockchain applications and in digital supply chain surveillance, as well as the need to re-conceptualize supply chain strategies for digitally transformed supply chains. |
| supply chain basics: The Fundamentals Of Supply Chain Management : Twelve Drivers Of Competitive Advantage Mentzer, 2004-09 Fundamentals of Supply Chain Management has been designed as a comprehensive text for any course dealing with strategy and supply chains. Written in an accessible and entertaining style, Mentzer identifies twelve drivers of competitive advantage as clear strategic points managers can use in their companies./-//-/These twelve drivers are derived from extensive research from more than 400 books, articles, and papers, as well as interviews with more than fifty executives in major global companies. The roles of all of the traditional business functions—marketing, sales, logistics, information systems, finance, customer services, and management—in supply chain management are also addressed. Complete with cases and real examples from corporations around the world, this book will enable students and practising managers to more effectively understand, implement and manage supply chains successfully. |
| supply chain basics: Lean Management and Kaizen Marc Helmold, 2020-06-05 The book provides a holistic and practical approach to lean management throughout the business value chain. The lean management framework and tools demonstrate the optimal design and use of methods, tools and principles for companies and organisations. The author describes comprehensively how lean management enables companies to concentrate on value-adding activities and processes to achieve a long-term, sustainable competitive advantage. A wealth of best practices, industry examples and case studies are used to reveal the diversity and opportunities of lean management methodologies, methods and principles. Moreover, the book shows how lean management principles are ultimately applied in industries like automotive, healthcare, education and services industries. |
Fundamentals of Supply Chain Management - University of …
A supply chain is basically a group of independent organisations connected together through the products and services that they separately and/or jointly add value on in order to deliver them …
Introduction to Logistics & Supply Chain Management - edX
Five Questions . What is a supply chain? What are logistics and supply chain management? How should you view SCM? What are the challenges. Why should you care? What is a Supply …
1ntroduction I - Temple University
At the end of a supply chain is the product and/or service that are created by the supply chain for the end consumer. us, the fundamental reason of a supply chain s existence is hinged on to …
Chapter 1: Key Concepts of Supply Chain Management - Wiley
There is a basic pattern to the practice of supply chain management. Each supply chain has its own unique set of market demands and oper-ating challenges and yet the issues remain …
BASICS OF SUPPLY CHAIN MANAGEMENT - SCMDOJO
Lesson No 1 – Basics of Supply Chain Management. Welcome everybody. In this course we are going to take a look at the basics of supply chain management. We will take you into some …
INTRODUCTION TO SUPPLY CHAIN MANAGEMENT - Springer
Follow-ing, the chapter will review the basic entities composing any supply chain structure, the three main supply chain strategies (stable, reactive, and efficient reactive), and the two types of …
Chapter 1 Introduction to Supply Chain Management - Springer
First, it introduces you to a supply chain with simple product, information and fund flows. Second, it outlines a functional view on supply chain management and the structure of the following …
APICS Basics of Supply Chain Management
Basics of Supply Chain Management includes over 270 manufacturing terms and basic concepts in managing the complete flow of materials in a supply chain from suppliers to customers.
product’s - Online Tutorials Library
Supply chain management is a process used by companies to ensure that their supply chain is efficient and cost-effective. A supply chain is the collection of steps that a company takes to …
FOUNDATIONS OF SUPPLY CHAIN MANAGEMENT
Introduction to Supply Chain Principles. Foundations of Distribution and Logistics. Foundations of Manufacturing Management. Foundations of Managing Operations. Foundations of Inventory …
What is supply chain? - McKinsey & Company
The supply chain is the interconnected journey that raw materials, components, and goods take before their assembly and sale to customers. A supply chain is made up of interconnected …
CHAPTER 1 SUPPLY CHAIN MANAGEMENT - A BASIC …
1.1.2 Supply chain management A growing number of businesses in South Africa and throughout the world are using the term ‘supply chain’ to describe a process whereby both internal and …
Introduction to Purchasing and Supply Chain Management
1. Purchasing and Supply Chain Management. LEARNING OBJECTIVES. Upon completion of this chapter, the reader should be able to: 1.1 Identify the role of the purchasing manager, …
Basics of Supply Chain and Operations Management 1
Basics of Supply Chain and Operations 1 Management. Key Questions for This Chapter. What is the transformation process and value creation? What is operations and operations …
The Nine Basic Rules of a Successful Supply Chain - Logistics IT
The Supply Chain is the process through which a company creates and distributes its products and services to the end user. It includes a number of specific elements; production planning, …
What is Supply Chain Management? A BEGINNERS GUIDE …
There are three key elements to supply chain management: Sourcing: This involves the identification and selection of suppliers who can provide raw materials, components, or finished …
The Seven Principles of Supply Chain Management
Seven Principles. Segment customers based on service needs. Customize the logistics network. Listen to signals of market demand and plan accordingly. Differentiate product closer to the …
Ebook Your Complete Guide to Modern Supply Chain …
you can plan, implement, and respond to supply chain events in real time: 1. Orchestration: Supply chain decisions that drive coordinated changes across every system, every transaction, …
Introduction to Purchasing and Supply Chain Management
throughout the supply chain among customers and suppliers. Finally, stage 3 is Stage 2 Value focus Stage 1 Cost/service focus Stage 3 Continuous improvement focus Impact on total cost …
A Review of Sustainable Composites Supply Chains - Springer
A Review of Sustainable Composites Supply Chains Md Rabiul Hasan and Thorsten Wuest(B) IMSE West Virginia University, Morgantown, WV 26501, United States …
Session 2-2 Notes: Bases de la Cadena de Abastecimiento Lean
1. Reúna a su equipo en torno a un papelógrafo o pizarra 2. Discutan cada uno de los conceptos a continuación 3. Escriban una lista priorizada de conceptos que generen
Next-generation supply chains Efficient, fast and tailored - PwC
reductions in supply chain cost. The increasing use of online channels is driving the reduction of response times and forcing supply chain managers to find new answers for global micro …
Supply Chain Management and Advanced Planning
Part I. Basics of Supply Chain Management 1 Supply Chain Management — An Overview 9 Hartmut Stadtler 1.1 Definitions 9 1.2 Building Blocks 11 1.3 Origins 24 References 33
Anti-Dumping Supply Chain Basics: Thirteen Things Every …
Supply Chain Basics, continued on page 14 The operation of the antidumping (AD) and countervailing duty (CVD) laws, and the supply chain risks they pose, are often not well under …
Supply Chain: the big picture - KPMG
Powered Enterprise | Supply Chain 7 A new model provides the opportunity for supply chain leaders to step back and take a fresh approach with heightened clarity around the value that …
Supply Chain Risk Management - DNI
Sep 25, 2020 · A supply chain is a network of people, processes, technology, information, and resources that delivers a product or service. Key supply chains are essential to protecting …
Supply Chain Management and Importing - Export Virginia
Supply Chain Risk Management in Global Markets white paper, Virginia Economic Develop-ment Partnership - International Trade . Conferences . The following section provides a …
Cybersecurity Supply Chain Risk Management: Fact Sheet
Jul 19, 2024 · This fact sheet outlines the cybersecurity supply chain risk management (C-SCRM) work at NIST. It includes details about why C-SCRM is important in today’s world—along with …
Dynamics 365 Supply Chain Management
Jan 25, 2022 · Dynamics 365 Supply Chain Management provides the end-to-end capabilities that manufacturers, distributors, and retailers require to meet their supply chain needs. …
Third-Party Logistics Study Back -to- Basics - NTT Data
Getting Back-to-Basics for Supply Chain Professionals. While new and innovative technologies, globalization and . access to data all have impacted the efficiency and effec-tiveness of supply …
Supply Chain Management Best Practices - Wiley Online …
consultant’s. As the editorial director of Penton Media’s supply chain group of publications, I’ve had access to supply chain professionals at companies of all sizes, in dozens of different …
Supply Chain Management - The Elsmar Cove Quality Forum
A supply chain in which the appropriate data is not regularly collected cannot be properly managed. Pitfalls 1, 2 and 4 in Section gif below deal with this issue. Flexibility, Inventories, …
Supply Chain Analytics The three-minute guide - Deloitte …
Supply chain improvements happen both from the bottom up and the top down. When you consider near-term value delivered, tackling one specific problem after another is a good way …
BACK TO BASICS IMPROVING TRUST IN YOUR SUPPLY …
supply chain. This is why we at ETM Manufacturing care about the strategy of the entire supply chain optimization. Getting the entire supply chain focused on improving delivery and cost to …
APICS Basics of Supply Chain Management
APICS Basics of Supply Chain Management . Basics of Supply Chain Management includes over 270 manufacturing terms and basic concepts in managing the complete flow of materials in a …
Which APICS Certification is Right for You?
Supply chain outlook Supply chain is seen as a strategic asset. The post-recession global marketplace recognizes supply chain management as a key driver of business success and …
Supply Chain Network Design: Applying Optimization and …
“Supply Chain Network Designwill help students, academics, and practitioners alike ... “This is the first book I have seen that starts with the basics of facility location, and then takes a step-by …
FOUNDATIONS OF SUPPLY CHAIN MANAGEMENT - APICS
Foundations of Supply Chain Management is the ‘new and improved’ Principles on Demand Overall theme of the program: Understanding the foundation of ... (PMM04) Basics of Material …
LOGISTICS & SUPPLY CHAIN MANAGEMENT - Northwest State
A career in supply chain management deals with a dynamic environment of efficiently facilitating the delivery of goods to customers through a variety of intermediaries. The process is known …
MBA (Logistics & Supply Chain Management)
LSCM220 Basics of Logistics and Supply chain Management LSCM221 Human Resources Management LSCM222 Financial Management LSCM223 Research Methods for Business …
APICS BASICS OF SUPPLY CHAIN MANAGEMENT
relationships and interfaces among the various supply chain activities. PREREQUISITES: Basics of Supply Chain Management is the recommended prerequisite for the remaining four CPIM …
Oracle® Advanced Supply Chain Planning
Oracle customer access to and use of Oracle support services will be pursuant to the terms and conditions specified in their Oracle order for the applicable services.
Supply Chain Management - sjce.ac.in
• explain the decision phases in supply chain management • understand the marketing mix model Learning outcome At the end of this chapter, the students will be able to: • state the barriers of …
ICT Supply Chain Risk Management Fact Sheet - CISA
Supply chain risk is amplified by adversaries’ attempts to exploit ICT technologies and their related supply chains for purposes of espionage, sabotage, and foreign interference activity. ...
The Dynamics of Change in the U.S. Food Marketing …
SUPPLY CHAIN BASICS: The Dynamics of Change in the U.S. Food Marketing Environment U.S. Department of Agriculture Agricultural Marketing Service
APICS CPIM Part 1 -- Basics of Supply Chain Management …
APICS CPIM Part 1 -- Basics of Supply Chain Management (BSCM) 11 Sessions, 44 Hours On-line, Instructor-Led, “Virtual Classroom” via ZOOM This course is part 1 of a 2-part series …
Amazon Supply Chain Standards Manual - Sustainability (US)
This Supply Chain Standards Manual (“Manual”) provides guidance for all suppliers of goods and services for Amazon and Amazon’s sub-sidiaries, including providers, vendors, selling …
Breaking down the breakdown of the global supply chain
Nov 2, 2021 · The modern global supply chain relies on predictability. The pandemic put that in high relief, but other unexpected events have also been part of the equation — some isolated, …
Value Stream Q-Basics - Bosch Global
Robert Bosch GmbH I June 2024 Issue 4.0 © Robert Bosch GmbH 2020. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution ...
APICS CPIM Basics of Supply Chain Management
Basics of Supply Chain Management SMMT Industry Forum Ltd, 2680 Kings Court, The Crescent, Birmingham Business Park, Birmingham, B37 7YE T: +44 (0)121 717 6600 E: …
2021 APICS Certification Exam Pass Rate Report
ASCM.ORG 2017 – 2021 APICS Exam Pass Data 2021 PART 1 PART 2 CSCP CLTD NA ONA Total NA ONA Total NA ONA Total NA ONA Total 74% 80% 78% 74% 80% 76% 63% 72% …
Sales and Operation Planning Improves Supply Chain Agility
Supply chain basics matter more than ever and supply chain planning is increasing in importance. Today, 90% of businesses are grappling with skyrocketing costs and rising supply volatility. • …
ASQ symposium BASICS OF SUPPLY CHAIN MANAGEMENT
Basics of Supply Chain Management ASQ Customer Supplier Division 2007 Symposium 2 When you hear “Supply Chain Basics” What comes to mind? 3 Your Supply Chain Suppliers Your …
Which APICS certification is right for you?
Supply chain and operations management jobs are in demand. 200,000 U.S. supply chain jobs will go unfilled annually until 2018 for lack of qualified talent* ... –Basics: 105 multiple choice …
Supply Chain Planning For Dummies®, Plex DemandCaster …
CHAPTER 1 Unleashing Business Potential with Supply Chain Planning 5 er Wile An ib iz ictl ohibited. Chapter 1 IN THIS CHAPTER » Understanding supply chain planning relative to …
APICS CSCP Learning System, Book 1 Table of Contents
© 2022 APICS CSCP Version 5.0, 2022 Edition All rights reserved. Module 3: Sourcing Products and Services .....3-1 Section A: Aligning Sourcing to Demand.....3-2
Table of Contents - APICS
Table of Contents Page © 2016 APICS iii Instructor Guide Version 4.4 Session 3—Master Planning Purpose and Scope of Master Planning ..... 3-7
Agri-Supply Chain Management - World Bank
The fourth section moves on to explore three examples of agri-supply chain development - in Ghana, South Africa and Thailand. A final section concludes factors of risk and success for …
The Supply Chain - pearsoncmg.com
The Supply Chain Management Casebook Comprehensive Coverage and Best Practices in SCM Chuck Munson
SCHOOL OF MANAGEMENT STUDIES - Sathyabama Institute …
supply-chain evolution is characterized by both increasing value added and reducing costs through integration. A supply chain can be classified as a stage 1, 2 or 3 networks. In a stage …
ESD.273J, Introduction to supply chain management - MIT …
Today’s Supply Chain Challenges • Global supply chain with long lead times • Rising and shifting customer expectations • Increase in labor costs in developing countriesIncrease in labor costs …
The Way We Work With Our Suppliers - L'Oréal
comes to business integrity or respecting human rights in our supply chain. Strong supplier relationships are a competitive advantage. This is why all L'Oréal employees are evaluated on …
APICS CSCP T of C - 2012 2page
Section A: Supply Chain Management Concepts Basic Supply Chain The SCOR Model: Linking Processes, Metrics, Best Practices, and Technologies Vertical versus Horizontal Integration …
Supply Chain Management and Demand Uncertainty
SUPPLY CHAIN BASICS The supply chain has been defined as the entire value-adding process from raw materials to the ultimate consumption of the finished product linked across supplier …
Basics of Supply Chain and Operations Management 1
Basics of Supply Chain and Operations Management 1 ... Supply chain management (SCM) is a cross-department and cross-enterprise integration and coordination of material, information, …
Supply chain Management Review - Back to Basics - SCMR
Back to Basics: Managing The Basic Supply Chain Functions. 4. Back Basics. to. Part 1. By Dr. J. Paul Dittmann, Director of Corporate Partnerships, University of Tennessee. Managing The …
LOGISTICS AND WAREHOUSING MANAGEMENT …
According to The Council of Supply Chain Management, Logistics management is a part of supply chain management that plans, implements, and controls the efficient flow and storage of …
Supply Chain Management in Agriculture
supply chain to create value for consumers, while increasing the profitability of every link in the supply chain. In other words, supply chain management is the integrated process of producing …
