Supply chain management is a part of business whether it is small/large or the business is running for profits or non profit purposes. Supply chain management process involves managing fourteen functional areas, according to The Institute of Supply Management. The fourteen areas are purchasing, sourcing, logistics, quality management, inventory control, material management, transportation, disposal, warehousing, […]

Supply chain management normally involves purchasing the raw materials from the vendors, then manufacturing the products and finally passing of finished products to the wholesaler, then to retailer and then to the consumer. The supply encompasses every effort involved in producing and delivering a final product or service, from the supplier’s supplier to the customer’s […]