WHAT IS SUPPLY CHAIN MANAGEMENT

SUPPLY CHAIN MANAGEMENT IS:

 THE FLOW OF GOODS AND SERVICES.
 IT INCLUDES ALL PROCESSES THAT TRANSFORM RAW
MATERIALS INTO FINAL PRODUCTS.
 IT INVOLVES THE ACTIVE STREAMLINING OF A
BUSINESS'S SUPPLY-SIDE ACTIVITIES TO MAXIMIZE
CUSTOMER VALUE AND GAIN A COMPETITIVE
ADVANTAGE IN THE MARKETPLACE.
IMPORTANCE OF SUPPLY CHAIN MANAGEMENT

• Improved customer satisfaction

• Reduced operating costs
• More efficient sourcing and procurement
• Safeguarding supply of raw materials
• Better inventory management
• Ensure adherence to legal and ethical standards
• Better partnerships with distributors
CHALLENGES AND IMPLICATIONS OF SUPPLY CHAIN
MANAGEMENT

• Quality Customer Service

• Costing
• Quality Management
• Qualified Personnel
• Risk Management
• Fast-Changing Markets