Dictionary of Accounting Terms: supply chain management
supply chain management
managing the "virtual" enterprise composed of suppliers and customers. Collaborative behavior will lead to streamlined business processes and mutual benefits.
Dictionary of Marketing Terms: supply chain management
supply chain management
coordination of operations with all the companies involved in the entire sequence of suppliers that contribute to the creation and delivery of a product or service. Effective supply chain management can provide an important competitive advantage for a business marketer, resulting in improved communication and involvement among members of the chain, increased motivation, and decreased costs.
