‘Supply and Demand: Building Links In Your Supply Chain’ – ‘Business.com’ Blog
Alex Espenson says, “At some point or another, every business owner will hear the term “supply chain management” thrown around, usually alongside the terms “logistics” or “operations management.”
Use of the term “supply chain management” arose in the late 1980s and has come to refer to the process of influencing the behavior of supply chains in order to achieve beneficial results.
Supply chains include all of the businesses, companies, and other activities needed to develop, produce, and ship a product or service. So essentially, supply chain management centers on making decisions which manipulate or optimize some part of a business’s supply chain in order to gain a competitive market edge“.
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