Supply Chain Mangement is consists of all parties (Including Manufacturer, Marketer, Suppliers, transporters, Warehouses, Retailers and even customers) directly or indirectly involved in fullfilment of a customer.The main objectives of Supply chain management are to improve the overall organization performance and customer satisfaction by improving product or service delivery to consumer.
Supply Chain Management involves Movement and Storage of all materials including Raw Material, WIP (Work in Progress) and Finished Goods.
1. To maximize overall value generated
The higher the supply chain profitability or surplus, the more successfull is the supply chain.
The supply chain profitability is the difference between the amount paid by consumer to purchase the product and the cost incurred by organization to produce and supply the product to the customer at right time.
2. To look for Sources of Revenue and Cost
There is only one source of Revenue i.e. customer.
Appropriate management of the flow of information, product or funds is a key to supply chain success.
3. Replenishment of the Material or Product whenevr required
4. Cost Quality Improvement
5. Shortening time to Order
6. Faster Speed to Market
Reference Books
1. Supply Chain Management, Strategy, Planning and Operation, 3rd Edition, Sunil Chopra, Peter Meindl, D. V. Kalra, Pearson Education
2. Supply Chain Management, For Global Competitiveness, Second Edition, Editor: B. S. Sahny, MacMillan India Ltd.
3. World Class Supply Management, The Key to Supply Chain Management, Seventh Edition, Burt, Dobler, Starling, Tata McGraw Hill,
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