Supply Chain Management

Supply Chain Management

To co-ordinate the fields of competition turned to efficiency in manufacturing. In the 80's, concepts like Lean Manufacturing, Design for Manufacturability, Just-in-Time, and Stockless Production emerged. If properly managed, the operating costs of such systems can be substantially reduced. Reduction in costs can be in the form of reduced inventory cost, obsolescence, transportation and other logistics costs, overhead and direct labor costs. All have pointed out potential savings in costs that could amount to billions when companies can engage in supply chain integration efforts.