What is Supply Chain Management?
Its definition and brief introduction. A supply chain is a global network, used to deliver products and services, from raw materials to end customers through an engineered flow of information, physical distribution, and cash.
The supply chain is facing a perfect storm of change. Business as usual is no longer an option. There’s increasing pressure on all sides of business to transform. From empowered customers who have high expectations to data management and emerging technologies. It’s no longer a single source platform. It’s a platform of sharing.
Process Management approach promotes developing, implementing and improving the effectiveness of a quality management system, to enhance customer satisfaction by meeting customer requirements. Process management is the ensemble of activities of planning and monitoring the performance of a business process. The term usually refers to the management of business processes and manufacturing processes. Business process management (BPM) and business process reengineering are interrelated, but not identical.