Supply Chain Management Today, business competition is no longer company vs. company but supply chain vs. supply chain. A supply chain is a...
4:21 AM
Today, business competition is no longer company vs. company but supply chain vs. supply chain. A supply chain is a network of suppliers, factories, warehouses, distribution centers and retailers, through which raw materials are acquired, transformed, produced and delivered to the customer. A supply chain is a dynamic process and involves the constant flow of information, materials, and funds across multiple functional areas both within and between chain members. Member enterprises in the chain need to cooperate with their business partners in order to meet customers’ needs and to maximize their profit. Managing multiparty collaboration in a supply chain, however, is a very difficult task because there are so many parties involved in the supply chain operation, each with its own resources and objectives. READ MORE...
