| Copyright (c) 2010 Randall Mauldin | | | | value and improves profits. The Institute of Supply |
| The fundamentals of supply chain management are | | | | Management states the fourteen areas include the |
| applicable to all organizations. Through proper | | | | following: purchasing, sourcing, logistics, quality |
| alignment and synchronization, businesses of any size | | | | management, inventory control, material |
| can be assured of receiving the best value in their | | | | management, transportation, disposal (recycling), |
| supply chain. By implementing simple strategies, | | | | warehousing (storage), distribution, receiving, |
| companies can achieve significant cost savings that | | | | packaging, product/service development, and |
| improve profitability. | | | | manufacturing supervision. We use different |
| Supply chain management seems complex to most | | | | strategies to ensure we are getting the best value |
| people who may not realize supply chain | | | | for our money. An end-to-end supply chain analysis |
| management is a part of our business and personal | | | | allows us to look at how we serve the customer to |
| lives every day. Fourteen functional areas make up | | | | achieve the best value. |
| the procurement process that increases customer | | | | |