The Essentials of Supply Chain Management: New Business Concepts and Applications

1. Principles of Supply Chain Management

“Silos—and the turf wars they enable—devastate organizations.”

—Patrick Lencioni, Silos, Politics and Turf Wars

Learning Objectives

After reading this chapter, you should be able to:

• Understand the rationale behind and fundamental principles of supply chain management.

• Comprehend the differences between supply chain perspectives and traditional business perspectives.

• Identify the main drivers of supply chain links.

• Recognize the managerial benefits and potential challenges of the supply chain practices.

• Analyze the impact of supply chain management on the bottom line and the competitiveness of the organization.

• Understand the necessary changes and transformations required for the successful ...