How Supply chain Management helps in growth of any business?

Supply Chain Management (SCM) is an essential element to operational efficiency. SCM can be applied to customer satisfaction and company success, as well as within societal settings, including medical missions; disaster relief operations and other kinds of emergencies; cultural evolution; and it can help improve quality of life. Because of the vital role SCM plays within organizations, employers seek employees with an abundance of SCM skills and knowledge.

Supply Chain is the integral tool of any business from the order generation to product delivery or service. All areas covered and smoothly function under the supply chain.

Efficient management of supply chain ensures availability of raw materials and other inputs i to manufacture goods as planned and within the schedule time. The organization is then able to supply the goods to the customers on time. 

 

If there is delay in supply chain or mismatch is input delivery, production will suffer and consequently, the organization will loose the customers. So, the supply chain management is very important for growth of business.

Thanks for the information

 

I agree with colleagues answer

Thanks 

I support Mr. Fazlur with his answer.

Regards 

Thanks for the invitation. I agree with the given answers form the experts.

agree with experts answer on this field

 

Way too much help; It helps keeping the higher management to lower and most executives as they apply their decissions

Thanks for the invitation. I second the answers given here by the experts.

The Supply Chain Management is very important for any company to ensure organization supply chain of the primary material and equipment as per the time schedule agreed in order to continue the projects execution without delay. In fact company commitments execution to the customers will be difficult without successful supply chain management. 

Most operations of the purchase for the necessary material and equipment from the main suppliers and sub-suppliers are achieved from this Management in order to implement the projects in time. Therefore, Business growth for any company and development the relationships with all customers need efficient Supply Chain Management.I consider this Management Skills is essential to record any success for the Projects execution in the definite times and then expansion of the Business.