Supply Chain Management : An Emerging Avenue For Competitive Advantage Between Companies

1517 Words Dec 16th, 2014 7 Pages
Supply chain management is an emerging avenue for competitive advantage between companies. It includes all the activities which are integrated to produce a smooth flow of operation efficiency. It does not only preserve the time and value of the product but also makes the costumers satisfied.
I am personally inclined towards the supply chain management because of immense opportunities and future prospects. Importance of supply chain management is not only being felt in industries and satisfying costumers, but its sphere of application has been on a constant rise. I am amazed to see the application of supply chain management in medical and emergency missions, rescue and relief efforts in times of disasters and other societal settings improving the living standards. Thus, I see a great prospect for the supply chain management in the near future. Supply chain management is an important aspect for efficient production because supply chain controls and manages the flow of product. In other terms, supply chain controls the flow of capital in an industrial setting. The title supply chain management encompasses all the activities from planning and control of materials and/or information within different parts of one organization or between different companies. Supply chain management links different portions of industrial activities like manufacturing, purchasing, distribution of commodity and its transportation. Thus, every field of engineering gets integrated with the…

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