IMPLEMENTATION AND IMPACT ON SUPPLY CHAIN MANAGEMENT
Supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities. Supply chain management involves coordinating and integrating these flows both within and among companies. Supply chain management flows can be divided into three main flows: The product flow, the information flow & the finances flow.