A Study of Supply Chain Management Analysis in Industrial exposure

Supply Chain Management is the management of resources to design, procure, fabricate, produce, assemble, store, distribute, use, maintain, recycle, and dispose of goods and services. The key requirement of SCM is the ability to network with a several other business entities having complimentary skill sets. A "supply chain" consists of interconnected components required to transform ideas into delivered products and services. Supply Chain Management is a business approach that focuses on integration, and partnerships, in order to meet customers' needs on a timely basis, with relevant and high quality products, produced and delivered in a cost effective manner. Strategic Supply Chain Management, SCM as it is popularly known, is of considerable interest in recent years for manufacturing and services sector of our economy.