Supply Chain Management

Supply Chain Management is competitive business edge today. A supply chain is a system of organizations, people, technologies, activities, information and resources involved in moving a product or service from supplier to customer.

In many organizations, materials form the largest single expenditure item, accounting for nearly 50 to 65 % of the total expenditure.  With competition growing by the day, cost reduction in business operations and yet making available various products to customers, as per their requirement, come into sharp focus.  Maintaining a flawless supply chain across all its operations thus becomes absolutely necessary for any business.

Importance of supply chain management need not be over emphasized, as it has become the cutting edge of business, after product quality and manufacturing capabilities of any business firm.