Supply Chain Management, A Review

Abstract

Supply chains can be basically defined, as a group of interconnected companies that adds some sort of value, to a stream of transforming inputs from the source to the end product that are demanded by the end customers. The increasing globalization, which has led to increase in the demand of the products, has forced the companies for outsourcing and which, in turn has led to supply chain management. To deliver quality along with effective prices, supply chain management has become the need of the hour. The world is changing constantly and rapidly, and so are the demands of the consumer. In order to meet this, demand supply chain plays a crucial role. This paper aims at discussing various factors that play an important role, in supply chain management.