Supply chain management is not just a process for reducing costs and achieving greater operational efficiencies within an organization. Although these are important considerations, modern supply chain management involves the strategic alignment of end-to-end business processes to achieve market and economic value, as well as competitive advantage. Effective supply chain management is achieved by an organization proactively adopting initiatives to move suppliers and customers into collaborative relationships for mutual gain. Business professionals who want to make a significant impact on the efficiency, effectiveness or profitability of their organizations should consider learning more about supply chain management and its value for companies operating in a competitive global marketplace.
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