Organizations must rely on effective supply chains and networks, to compete in the market. Supply-chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.
The concept of business relationships extends beyond traditional enterprise boundaries and seeks to organize entire business processes throughout a value chain of multiple companies. In recent decades, globalization, outsourcing, and information technology have enabled many organizations to successfully operate collaborative supply networks in which each specialized business partner focuses on only a few key strategic activities.
Successful SCM requires a change from managing individual functions to integrating activities into key supply-chain processes. Information shared between supply-chain partners can only be fully leveraged through process integration.
MBA and PGDM students