Unit 421 Supply Chain Management

The supply chain that I am familiar with worked in this order. Using a governing council is so important to the company because it is their job is to remove all barriers so the organization can perform at full potential and be successful. The main objective within a supply chain creates a platform, build healthy relationships, maintain goals, and measure performance. According to Operations and Supply Chain Management, "supply chain encompasses all activities associated with the flow and transformation of goods and services from the raw materials stage to the end user (customer), as well as the associated information flow." (Roberta S. Russell, 2014 p.423). The company must staff the supply chain properly. Incorporating proper staff within the company will maximize the effectiveness of the supply chain. As supply chains move into the 21st century the change includes forecasting, contract management, procurements, planning, and logistics. Inventory and cost are important this is why forecasting correctly is important. Innovation is an important part of a supply chain. The reason being is supply chain software helps with the workflow of the business which allows the structure to run more
According to Operations and Supply Chain Management, "globalization and the evolution of information technology have provided the catalysts for supply chain management to become the strategic means for companies to manage quality, satisfy customers, and remain