Topic > Essay on Supply Chain Management - 835

The article describes supply chain management and the various activities and programs involved in supply chain management. The author also explains the different stages of the evolution of supply chain management. It mainly focuses on the 7 principles that bring a competitive advantage to the company. Andersen Consulting has listed all 7 principles and briefly explained them. The role of logistics professionals and the use of technology in system implementation. The relationship between information technology and supply chain management was explained. The use of supply chain management is mainly explained. Critical Analysis: The main concept in this article is supply chain management that starts with the customer and ends with the customer. It is a program involved from raw material to customer. Knowing the needs of the customers, providing them on time and satisfying them is the main motto of the system. The main components of the supply chain system are procurement, order processing, inventory management, transportation, customer service. In addition to all these activities, information systems play a key role in monitoring all the above activities. The main benefit of supply chain management system is reducing operational costs and improving productivity with profits. Value of the Article: This article helps in gaining knowledge about supply chain management and technological aspects of the system. Supply chain management adds value to the organization and improves the organization in all aspects. Many companies implement these systems to gain a competitive advantage over others. This article also provides information on the profits and advantages of the supply chain man... at the heart of the paper... monitoring rights and the role assigned to the management of institutions to achieve excellence, efficiency and l 'equity. In my opinion, Indian institutions and organizations should implement total quality management to improve the quality of resources and education for students. Value: In my opinion total quality management plays a crucial role in the development of the country and individuals. Total quality management is essential for survival and growth. It also improves capacity utilization. The Academic Council of India should take the initiative to implement total quality management in all institutions. When we compare India with other nations, it is far behind in the race. Implementing total quality management does not require a lot of money but even helps you save money. If this management system is implemented in India we can see a great development in the near future.