Thank you for the opportunity to help you with your question!
fundamental premise of supply chain management is to view the network of
facilities, processes, and people that procure raw materials, transform
them into products, and ultimately distribute them to the customer as an
integrated chain, rather than a group of separate, but somewhat
interrelated, tasks. The importance of this integration cannot be
overstated because the links of the chain are the key to achieving the
goal. Every company has a supply chain, but not every company manages
their supply chain for strategic advantage.
With supply chain management, information, systems, processes, efforts,
and ideas are integrated across all functions of the entire supply chain.
Supply chains become more complex as goods flow from more than one
supplier to more than one manufacturing and distribution site. The
possibility of outside sources for functions like assembly and packaging
are also options in the chain.
SCM provides needed visibility along the chain to improve performance.
Without visibility up and down the supply chain an effect known as the
"bullwhip" can result. In reviewing the demand patterns at
various points in their supply chain.
Please let me know if you need any clarification for the doubts. I'm always happy to answer your questions. Looking forward to help you again. thank you. :)
Aug 20th, 2015
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