Thursday, October 28, 2010

Supply Chain Management

Example of a supply chain management

Supply chain management is defined as the management of the network of processes that are involved in manufacturing. Supply chain managers  follows the production process, from where it begins with the acquisition of raw materials through the work-in-process inventory, and finished goods, and then from point-of-origin to the point-of-consumption by the customer. This entire chain of events is appropriately named the supply chain. Efficient supply chain management is crucial, especially for the long-term success of the manufacturing organization. When manufacturers have a clear understanding of the supply chain process, they are much more likely to produce a cost-effective and successful, product.


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