Essay Supply Chain Management And Operations Management
History of Supply Chain
What is supply chain? This is a term that, since the 80’s, has become prominent in the business realm as companies seek to make their operations sleeker and more efficient. Going back to the term “supply chain”, in essence, is a network that ranges from the supplier of raw materials to the manufacturer to the retailer and ends at the end user. Managing this network is referred to as supply chain management, and it has spurred millions if not billions of dollars of investment from companies globally to ensure that they all stay efficient and ahead of the game. The responsibility of managing a company’s supply chain has created numerous careers and other opportunities as more and more methodologies and ideologies come about in that field.
Supply chain’s roots can be traced back to the textile…