Topic Definition

Supply Chain Management

One of the most considerable prototype of modern business management is individual businesses are no longer able to compete as independent body but rather work as supply chain. In this practical environment, the vital achievement of the business will depends on management’s endowment to incorporate the company’s complex business relationship. The members of the global supply chain forum submit to the management of this network of relationship as supply chain management. (Lambert, Douglas M, 2008)

Example of Supply Chain (Hultkrantz and Lumsden)

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