Supply Chain Management: Its Application in Business Operations

Abstract

Every business fits into one or more supply chains and has a role to play in each of them. It is a linkage between producer to consumer spanning over several stages and chains of distribution. Customer expectations are moving in the direction of increased value addition and cost consciousness and an effective Supply Chain Management (SCM) can support the organization in meeting these expectations. In order to expedite the process of SCM, Computer and Information Technology plays a key role. This is particularly in case of international business transactions. The present article is an attempt to focus the importance of SCM in a business organization and the application of technology in SCM with special reference to international business transactions.