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PhD in Computer and Information Science with specialization in Database
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Answer: Supply chain management framework help the management by framing the flow of goods and services. This framework help to structure the movement as well as the storage of the raw materials, work in progress along with the movement of the finished goods from the goods point of the origin to the point of consumption. Supply chain enables the organization to interconnect, interrelate, channels as well as node businesses combined together for the product or services. The supply chain management is define as the execution, planning, controlling, designing as well as monitoring the action that is going to take place in the process of the supply chain management system. In recent times, the supply chain management is mainly concerned with the sustainability as well as risk management process in an organization.
Answer: In the year 1982, Keith Oliver is the one who introduced the term, supply chain management in an interview in front of the public for the first time. The term gain popularity and more frequently used after the books and article related to the term came out in the market. Initially the concept is supply chain management mainly deals with all the activities which is associated with the flow as well as the transportation of goods from one place to the others. It is use to gain a competitive advantage with the help of the supply chain management. This is how the concept of supply chain management came into existence in the market and now it is use to compete in the market by the organization.
Answer: Supply chain management is need to enhance the business in the market as it help the company to enhance many aspects of the organization, which will ultimately help the organization to earn huge sum of money and profit from the market. The need of supply chain management in the organization are:
Answer: There is huge usage of the supply chain management in an organization to run smoothly and steadily, so that the organization can earn huge sum of money as a profit. The uses of the supply chain management are as follows:
Answer: The advantages of supply chain management are as follows:
Answer: With every advantage, there are some disadvantage in the framework of the supply chain management. The disadvantages are as follows:
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