Strategic Initiatives :-
Organization can undertake high profile strategic initiatives including :
SUPPLY CHAIN MANAGEMENT (SCM)
Supply chain management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.
Supply chain management have 4 basic components :
- Supply chain strategy - strategy for managing all resource to meet customer demand.
- Supply chain partner - partners throughout the supply chain that deliver finished products, raw materials, and services.
- Supply chain operations- schedule for production activities.
- Supply chain logistics - product delivery process.