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What is Supply Chain Management?

We get so bogged down in the nitty-gritty details of supply chain that sometimes it is nice to sit back and reflect on the fundamentals. Ryan Goodrich writes for Business News Daily to explain in the most basic way how the supply chain functions. The supply chain is roughly the process by which goods are created by manufacturers, transported through shippers, delivered to retailers, and bought by consumers. In general, suppliers, manufacturers, distributors, and customers are the four most common entities in the supply chain structure. The ability to manage risk is what distinguishes a successful supply chain from the rest, as outsourcing, offshoring, and “just-in-time” are all scenarios that inherently bring risk with them. However, it is ultimately consumer dollars that decide the supply chain’s fate. To best steer the numbers in your favor, smart use of technology is necessary, both in assessing supplier performance and monitoring inventory. This all sounds pretty basic, because it is. It is a refreshing breather to remember that at the end of the day, supply chain can still boil down to a few basic ideas.

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

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