Supply chain Management
In recent years, the term “supply chain management” has become popular among business managers and scholars alike (Golicic, Handfield, & Sroufe, 2017). The management of supply chains involves working closely with strategic executives and manufacturers, as well as intermediaries such agents and retailers to decrease the prices for their products. The main goal of supply chain management is to create value for the customer by providing a more efficient and effective product delivery system (Golicic, Handfield, & Sroufe, 2017). Most scholars agree that supply chain management is a relatively new field of study, with its origins in the early 1990s (Golicic, Handfield, & Sroufe, 2017). But supply chain management is not new. It has existed for a while. In fact, supply chain management can be traced back to the early industrial revolution, when manufacturers began to specialize in producing specific goods (Golicic, Handfield, & Sroufe, 2017). Today, supply chain management is a vital part of many businesses and is considered one of the most critical aspects of business management (Golicic, Handfield, & Sroufe, 2017). You can…
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