What is the objective of the supply chain Management?
The objective of supply chain
management is to maximize the overall value of the total business process.
What is the value that Supply chain Management brings to the business?
The difference of the final
product value which served to customer and the initial cost of the good is the
value that generated in the total business process. Other than the cost of
materials any business has to invest in assets, processes, systems, information
and also for innovations to increase the core value of the product and also to
delight the customer.
