FGCU Management Discussion
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Supply Chain Management involves the planning and execution of processes required to convert raw materials into finished goods, including the procurement of materials, production, fulfillment, and support. The strains on the supply chain are many and, when not properly managed, can cripple a business, leaving it unable to produce goods or fulfill customer orders. Effective supply chain management provides visibility into inventory levels and detects potential disruptions along the supply chain, helping businesses meet demand, fulfill orders at the lowest cost possible and deliver positive customer experience.
So when stated that supply chain management is less about managing the physical movement of goods and more about managing information, I would say that isn’t a wrong statement, but rather incomplete. Supply chain management is more so overseeing if everything is going right and if not, it makes sure it detects errors or miscommunications early to control damage and possible delay of production.
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