Supply Chain Management

A supply chain is the range of supplies from which the business purchases materials and resources. It is the active management of the activities that result in the flow of materials and goods and services to maximise customer value. It involves all of the businesses (the supply chain) who participate in getting a product to the end user. A critical management role in operations. If there are not enough materials on hand – production slows or stops. If quality of materials is poor – reflects in end product and will affect sale