Supply Chain Management

Another major aspect of modern operations management is supply chain management.As organizations have become more complex and much more international in their scope, the strategic process by which materials, goods and information flow between suppliers, businesses and consumers has become an industry in itself.Keeping the supply chain healthy and moving is in the interests of everyone involved, but there are many factors that can slow things down.Compared to some of the other aspects of operations management mentioned so far, supply chain management is relatively recent, with the term only originating in 1982 and not becoming commonly used until the 1990s.Supply chain management oversees each touch point of a company’s product or service, from its creation to the sale, and this makes it an important aspect to manage as getting it right or wrong affects efficiency, costs, and profits.

Industrial Revolution
Order Now on customessaymasters.com