Organizations rely on effective supply networks to compete in the global market
A vast array of forces – including globalization, rising costs, shifts in consumer demand, resource scarcity, environmental pressures, technology advances, governmental regulation and activism – are reshaping markets, industries and products. Companies must pay special attention to how these forces will affect their supply.
Supply Chain Management (SCM) represents a conscious effort by the manufacturer together with its suppliers, distributors, retailers and services providers to develop and run supply chains or supply networks in the most effective way.
Supply chain activities cover everything from design, product development, sourcing, purchasing, production/manufacturing, warehousing, transportation, logistics, all the way to repair/maintenance and customer service as well as the information systems needed to coordinate these activities.
90% of Top 500 CEOs see supply chain management as “critical or very critical” to their business today.
Supply chain management is the cornerstone of doing business today and as a supply chain professional, you have the power to directly impact the industry.