Supply Chain Management Is The Flow Of Goods And Services...

Abstract Supply chain management is the flow of goods and services which involves the movement and storage of raw materials, manufacturing, and delivering finished products from point or origin to point of consumption. Organizations find the need to rely on supply chain networks to compete in the global market. In the previous decade, supply chain networks had very little role to play and was only dedicated to large brands or companies with international distribution. In case there was any disruption faces by a company in its supply chain, the company would pull a couple of people from various departments and put them on the problem. So, the fix was easy and when the problems were sorted out the people would go back to their regular jobs. Many of the information related to logistics were more manual and inaccurate. Companies could not keep track of their sales and performance measurement concept was impossible to implement. That has changed in the recent times since technology has crept into Supply chain management step by step. The roles and responsibilities for every company have extended and become more specific. Companies nowadays are less likely to pull people from other department to solve problems related to supply chain. With today’s rapid technological change, companies rise and fall than ever before. The evident reason for that is because of the change in market over the years. In those days, the consumers were less demanding, less aware and more patient sinceShow MoreRelatedLogistics Management And Supply Chain Management1171 Words   |  5 PagesLogistics and Supply Chain Management Topic: Do the terms, ‘logistics management’ and ‘supply chain management’ have the same meaning in operations and why logistics management might be of strategic importance to a manufacturing or service organisation. During last two decades, the importance of logistics has been noticed around the world. 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