Sypply chain
Introduction:
The effective management of supply chains is one of the significant strategic aspects of business organizations. The simplest definition of the SCM is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service and deliver it to customers. Managing the production of the company's good and services, monitoring, storage, inventories, coordinating with suppliers and ensuring timely distribution of goods are some of the key functions covered by supply chain management (SCM). The supply chain is actually made up of five important components of plan, source, make, and deliver, return. It also includes three flows which are cash, product and information within the chain. The suppliers, manufacturers, wholesalers, retailers and consumers linked with one another. Through these components and members, the management of the supply chain allows efficient inventory control. As a dynamic process, the SCM requires the continuous exchange of information, finance and materials between and within the members of the chain. These elements of the SCM also make this business aspect challenging to implement and maintain.
Among the other business sectors applying SCM practices, the apparel industry is one of those who have been applying this strategy. This is particularly obvious in countries where the apparel, clothing and textile industry serve as essential economic contributors. In Sri Lanka, the apparel industry is one of its important and highly contributory economic sectors, hence, various local apparel manufacturers and businesses are employing different innovations so as to operate successfully, both in the local and international setting. This study was then conducted in order to determine how apparel business operators in the country are using supply chain management practices and what SCM techniques. The key factors impact on the effectiveness as well as the difficulties
The effective management of supply chains is one of the significant strategic aspects of business organizations. The simplest definition of the SCM is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service and deliver it to customers. Managing the production of the company's good and services, monitoring, storage, inventories, coordinating with suppliers and ensuring timely distribution of goods are some of the key functions covered by supply chain management (SCM). The supply chain is actually made up of five important components of plan, source, make, and deliver, return. It also includes three flows which are cash, product and information within the chain. The suppliers, manufacturers, wholesalers, retailers and consumers linked with one another. Through these components and members, the management of the supply chain allows efficient inventory control. As a dynamic process, the SCM requires the continuous exchange of information, finance and materials between and within the members of the chain. These elements of the SCM also make this business aspect challenging to implement and maintain.
Among the other business sectors applying SCM practices, the apparel industry is one of those who have been applying this strategy. This is particularly obvious in countries where the apparel, clothing and textile industry serve as essential economic contributors. In Sri Lanka, the apparel industry is one of its important and highly contributory economic sectors, hence, various local apparel manufacturers and businesses are employing different innovations so as to operate successfully, both in the local and international setting. This study was then conducted in order to determine how apparel business operators in the country are using supply chain management practices and what SCM techniques. The key factors impact on the effectiveness as well as the difficulties