Paper Topic:
supply chain management
Author Professor Subject Date Principles of Supply Chain Management As transactions now become globalized , companies struggle to coordinate their business functions to meet the needs of their various customers In addition , companies focused their attention on supply chain management , which includes seven universal principles Supply chain management Supply chain management refers to the use of supply chain orientation across suppliers and customers . In addition , Mentzer refers to it as systematic , strategic coordination of the traditional business functions within a particular company and across businesses within the supply
br chain , for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole (2
It is also defined as the management of supply chain activities towards maximizing customer value and achieving competitive advantage . The term underlies the principle of companies making an effort to manage supply chains in an effective way ( What is SCM . The need for a supply chain management has risen in response to the global widening of management practices . Corporations turned to global sources for supplies . As a result , companies resorted to effective ways to better coordinate the flow of materials into and out of the company ' In addition , competition in today 's world is more of a requirement Companies strive to bring to their customers products and services in a faster and more reliable manner . The need for supply chain management is also borne out of the customers ' demands for products that have no defects . To achieve this goal , there must be...
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