Supply Chain Management

Supply Chain Management recognizes that competition is now across supply chains, not individual companies. A supply chain is the network of companies linked together in supplier to customer relationships across a product life cycle from raw material to final consumption. Supply Chain Management integrates every aspect of product development and design, producing competitive advantages throughout the product life cycle.
Supply Chain Management optimizes and synchronizes material, process, information and cash flow from raw material to final consumption, while driving out excess inventory and unnecessary costs. The right product gets delivered to the right place, at the right time and at the right price.
Any organization in the supply chain network can initiate a supply chain program and realize benefits. However, the closer a company is to the final customer, the better it is positioned to lead a Supply Chain Management program.