PHILOSOPHY OF

SUPPLY CHAIN
MANAGEMENT

BY:
MUKESH SINGH
PGDM:- IIISEM,SEC-B
ROLL NO. -08072
CONTENTS
 Concept
 Diagrammatic Representation
 Objectives
 Importance
 1. CONCEPT
 Supply Chain Management is made up of three words:
Supply means to deliver
Chain means set of intermediaries
Management means planning, organizing, directing
and controlling the resources.
 Supply chain management is the integration of these
activities ,through improved supply chain
relationship ,to achieve the competitive advantage.
 2. DIAGRAMMATIC
REPRESENTATION

Supplie
r
Supplie Manufacture Agent Wholesale Retailer
r r s r
Supplie
r Customer
s
 3. OBJECTIVES
 To fulfill the increased value
expectations of the customers.
 To offset the high profile of competition.
 To adopt new initiatives to enhance
technology and flexibility.
 To change the attitudes of managers
towards integration and partnership.
4. IMPORTANCE
 Planning for multiple supply chains
 Reduces lead time
 Improves the quality
 Minimizes uncertainty
 Minimizing the number stages
 Reduces useless inventory
 Maximizes profitability
Thank you