Premium Essay

Company & Accounting Ethics

In: English and Literature

Submitted By jameskingdom
Words 2268
Pages 10
An International Indexed Online Journal

www.darpanonline.org/GIRT

Global International Research Thoughts

ISSN 2347–8861

October-December 2013

Supply Chain Management: It’s
Importance in Today’s Business

*
Kavita Jain
Assistant Professor,
Department Management,
Govt. P.G.College, Gohana (Sonipat).

*
Susheela Rathee
Assistant Professor,
Department Management,
Govt. P.G.College, Gohana (Sonipat).

ABSTRACT
Supply chain management (SCM) is the management of the flow of goods. It manages complex and dynamic supply and demand networks. It includes the movement and storage of raw materials, work‐in‐process inventory, and finished goods from point of origin to point of consumption.The object of the present research is to examine the importance of supply chain management in a business entity and measure the impact of supply chain management on the today’s business. For the purpose of conducting this enquiry the present researcher based on secondary sources of information from some published books, printed materials of select business entities and from relevant websites. The study concluded that supply chain management is a very important process in a business organization. A business organization avails a lot of benefits from SCM as‐ reduction in inventory cost, provides better medium for information sharing, improves customer satisfaction etc. The study also finds that supply chain management has a great impact on the today’s business organization.
Keywords : Chain Management (SCM), Business organization, Importance, impact.

INTRODUCTION:
Supply chain management manages complex and dynamic supply and demand networks.
Supply chain management (SCM) is the management of the flow of goods. It includes the movement and storage of raw materials, work‐in‐process inventory, and finished

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