Supply Chain Management

Supply Chain Management

According to our class text Supply Chain Management’s goal is to create fast, efficient, and low-cost network of business relationships to get a company’s product from concept to market. In order to understand the goal we must know that the supply chain is the process the raw materials of a product go through in order to be available to the consumer. The relationships that the business creates are needed in order to create the product, each process the product goes through creates value, the supply chain is often called the value chain. Internet technologies are increasingly making the supply chain management process much more efficient and worth the initial investment. The supply chain management life cycle consists of committing, scheduling, making, and delivering. The objectives when implementing a Supply Chain Management are to reduce costs, while increasing efficiency, and decrease their supply chain cycle times. If a Supply Chain Management is correctly installed the end result should be much more effective distribution channels as well as stronger relationships among business partners.

Supply Chain Management is about creating a more efficient process of developing a product. When as company focuses on the supply chain it can save tremendous amounts of money when it comes to ordering, production, and delivering costs. By focusing on the supply chain business can decrease the amounts of inventory they hold, which in turn decrease...