Efficient and effective Supply Chain Management (SCM) is integral to business success. SCM functions to integrate all of the business processes required to deliver products to the customer. Regardless of the size or type of business, SCM can increase a company's ability to compete through aggregate planning and management of operational processes required to turn raw materials into a finished product.
· In what ways does business process integration contribute to the efficiency and effectiveness of supply chain management?
· What is Supplier Relationship Management (SRM)? How is it used to select and manage suppliers?
· What is the strategic benefit of SRM to the organization? To the supplier?