Supply chain management is a vital tool in any business owner’s arsenal. Knowing how to use this tool effectively can make or break not only the success of your business, but also your sanity.
How can you use supply chain management to achieve your goals? How can you use it to improve not just your own business, but to improve the lives of those around you? What are the most important principles of supply chain management?
These are all questions that we will answer in this blog post. We’ll give you the most important principles of supply chain management, so that you can be sure that you’re making smart decisions about how to run your business.
The truth is that the supply chain management consists of multiple functions such as production, management, logistics, sourcing, planning and various others. But what if you have to deal with all these functions in a single attempt? This is where the importance of supply chain management comes into play. It helps you deal with all the functions in a single shot.
In this article, we are going to take a look at some of the most important principles of supply chain management to help you understand it better.
1) Customer First: This principle says that the customer should be your first priority and not the product. The main aim of any business is to meet the needs and demands of the customers, so it is extremely important for companies to focus on customer-centricity instead of product-centricity for success.
2) Sustainability: This says that every company should work towards achieving sustainability and work towards delivering value in every aspect of their operations. Each activity carried out by a company should be able to justify its worth in terms of sustainability.
3) Usefulness: A company should always strive to deliver value in all aspects of its operations such as production, distribution and other services.
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About Principles of Supply Chain Management 4th Edition Book in Pdf
Reflecting the latest practices, trends, and emerging developments, PRINCIPLES OF SUPPLY CHAIN MANAGEMENT: A BALANCED APPROACH, 4E guides you step by step through the management of all supply chain activity–including issues related to both domestic and global supply chains. Comprehensive, one-of-a-kind coverage encompasses operations, purchasing, logistics, and process integration. The book’s balanced approach follows the natural flow through the supply chain. Well-organized chapters demonstrate the practical applications of supply chain management in today’s workplace, and intriguing SCM Profiles provide a wealth of real-world business examples. In addition, relevant end-of-chapter questions and problems help you put what you learn into practice.
Supply chain management (SCM) is the management of an interconnected network of organizations, processes and information flows that are involved in moving a product from supplier to customer.
This book provides an introduction to the principles of supply chain management and their application. It is aimed at both business and engineering students who are studying supply chains or operations management as part of their degree.
The book is organized into two parts: Part One introduces the principles of supply chain management and Part Two discusses the application of these principles. The topics covered include operations planning and control; materials management; manufacturing planning and control; inventory management; purchasing, logistics and transportation; supply chain integration; project management; quality assurance; lean systems and sustainable supply chains.