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The Business Industry: The Importance Of Supply Chain Management

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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 …show more content…
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 operation of production efficiency (Reddi and Moon).
It is interesting to note that in an industry, important activities like transportation, warehousing, and inventory control, sourcing, procurement and supply management all comes under the single head of supply management. While, outside of the organization, supply chain management includes interactions with suppliers, distributors, carriers, and with customers. Thus, results in increased market share and better competitive …show more content…
International Journal of production research is a research publication which carries research papers on manufacturing technology. International Journal of Production research also deals with issues related with production and its resources. It deals with papers oriented with planning strategy and implementation and assessment in production house

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