Introduction to Supply Chain Management
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SCM is the integration process of dealing business partners, which starts from supplier of raw material to final customer/consumer, including all transportation activities, intermediate processes, storage activities and, finally, sale to the end customer/consumer.
In nowaday competitive environment, the practices of SC are acting as a crucial supporter in the success of business in terms of reducing the overall business cost, eliminating waste, increasing the quality of products and services and, finally, building competitive edge.
Since the 1980s, several firms have been aware of the benefits of supply chain. The foundation of SC can be seen in the areas of manufacturing, storing, procurement, with supply chain members and . Finally, as technology, political forces, economic conditions and market position change all over the world, the practice of SCM also changes. In simple words, these are major leading indicators of supply chain.
KeywordsBullwhip effect Snowball effect Supplier evaluation MRP—Material requirement planning Collaboration Information technology Process integration Green supply chain 3PL and 4PL logistics Global supply chains Total cost of supply chain Value chain Visibility Business process re-engineering Supplier management Supply chain management Supply chain Demand management Responsiveness Inventory control Vertical integration Trust building Strategic partnership
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