Abstract
A supply chain consists of all parties involved
directly or indirectly, in fulfilling a customer request. The supply
chain includes not only the manufacturers and suppliers, but also
transporters, workhouse, retailers and even customers
themselves. Within each organization, such as a manufactures,
the supply chain includes all functions involved in receiving and
filling a customer request. These functions include, but are not
limited to, new product development, marketing operations,
distributions, finance, and customer service. Supply chain
management (SCM) is the management of an interconnected or
interlinked between network, channel and node businesses
involved in the provision of product and service packages
required by the end customers in a supply chain. Supply chain
management spans the movement and storage of raw materials,
work-in-process inventory, and finished goods from point of
origin to point of consumption. It is also defined as the "design,
planning, execution, control, and monitoring of supply chain
activities with the objective of creating net value, building a
competitive infrastructure, leveraging worldwide logistics,
synchronizing supply with demand and measuring performance
globally.