A supply chain is a group of organizations (including product design, procurement, manufacturing, and distribution) that are working together to profitably provide the right product or service to the right customer at the right time. Supply Chain Management (SCM) is the study of strategies and methodologies that enable these organizations to meet their objectives effectively. In the past few decades, people have realized that cooperation with other organizations in the supply chain can lead to significantly higher profits. As a result, industrial suppliercustomer relations have undergone radical changes resulting in a certain level of co-operation, mainly in the area of information sharing, that was lacking before. The degree of co-operation varies significantly from one supply chain to another. [download]
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