What is Supply Chain Management?

What is supply chain management and why is it important? Most businesses are dependent on supply chains to one extent or another. Business supply chains incorporate every process and participant that plays a role in the movement of goods or services. From initial sourcing of materials to production to shipping to sales and so on, the process from start to finish comprises one unified and streamlined chain. The more efficient the chain and its participants, the better the respective business can expect to perform. By contrast, ineffective supply chains or those with weak links along the way can have a series impact on the performance, perhaps even the viability of the business.

This exclusive tutorial has been designed for business owners, managers, warehouse workers and anyone involved in supply chain management. Explore a breakdown of the effective supply chain, along with its importance and benefits in a business setting. Study the evolving structure of supply chains, key participants in supply chain activities and how supply chain performance has a direct impact on the wider business.