Supply Chain Management

             Supply Chain Management "is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service, manufactures that product or service and delivers it to customers" (Koch 2002). The reason company's implement a SCM system is to create a faster, more efficient, and lower costing relationship between business partners. The
             process begins from the conceptual stage of a product or service and continues until market distribution. The Supply Chain consists of suppliers, customers, and other businesses which all work together to build relationships and meet customer
             demands. The objective for creating a supply chain is to increase competitiveness. This is because no single company is solely responsible for the competitiveness
             of its products in the eye of the ultimate customer; rather the supply chain as a
             whole, takes on shared responsibility. In order to meet consumer demands and improve competitiveness, a supply chain must overcome and eliminate organizational barriers, align strategies with one another, and speed information and financial flows (Kidlger 2000).
             As previously mentioned, the ultimate goal of SCM is competitiveness and
             the way to reach this goal is through customer service. To gain competitive
             advantage two main components are essential. They include the integration of organizations and the coordination between these organizations. First, integration begins with forming a supply chain with suitable partners and then collaborating with them to form strategies and become an effective and successful network organization (Kidgler 2000). Selecting partners should not be based on cost alone. The ability of a potential partner to support and add value to the supply chain in the future should be taken into consideration. The formation of a supply chain consists of different companies performing activities based on ...

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