Supply Chain Management

Challenges and Opportunities

What is the Supply Chain:

3439580-business-graph-v6The supply chain follows the product from the raw materials through purchasing, inventory, fabrication, conversion and/or assembly to warehousing, distribution and delivery to the end customer. It includes sourcing, procurement, logistics, outsourcing, sub-contracting, as well as production planning, warehousing and inventory management.

Keys to successfully managing the supply chain:

  • Realize that it is vital to profitability, return on assets and customer service.
  • Measure the costs in each area of the supply chain
  • Develop long-term partnerships with suppliers of both goods and services

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