Supply Chain Management

Supply chain management is one of the leading business process re-engineering, cost saving and revenue enhancement strategies in use today. Effective integration of supply chain can reduce operating costs, simultaneously improving customer service and reducing inventories; even greater gains are possible by bringing supply chain strategies to the table early on in product development and design plans. Supply chain management involves coordinating and integrating the flows of information, materials and finances from suppliers to ultimate users, both within and among companies. E-business— the use of Internet-based computing and communications to execute both front-end and back-end business processes — has emerged as a key enabler to drive supply chain management. Businesses can use the Internet to gain global visibility across their extended network of trading partners and help them respond quickly to a range of variables, from customer demand to resource shortages.