ISSN: 2044-9038 (Print) 2044-9046 (Electronic)

Clinical Practice

Supply-chain-management-articles-open-access

Supply chain management produces benefits such as new efficiencies, higher profits, lower costs and increased collaboration. SCM enables companies to better manage demand, carry the right amount of inventory, deal with disruptions, keep costs to a minimum and meet customer demand in the most effective way possible. These SCM benefits are achieved through choosing effective strategies and appropriate software to manage the growing complexity of today's supply chains. SCM has significant impacts on both the enterprise and the consumer. Supply chain management activities can improve customer service. Done effectively, they have the ability to ensure customer satisfaction by making certain the necessary products are available at the correct location at the right time. By increasing customer satisfaction levels, enterprises are able to build and improve customer loyalty. SCM also provides a major advantage for companies by decreasing operating costs. SCM activities can reduce the cost of purchasing, production and the total supply chain. Lowering costs improves a company's financial position by increasing profit and cash flow. Furthermore, following supply chain management best practices can minimize overuse of large fixed assets -- such as warehouses and vehicles -- by allowing supply chain experts to redesign their network, for example, to maintain customer service levels while operating five warehouses instead of eight, reducing the cost of owning three extra facilities.    

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