The Importance of Supply Chain

Individuals in the supply chain sector are valuable assets in the business industry. This is because they help boost performance of production, and optimize the companies profitability.

A few ways the supply chain field optimizes business are the following:

• Boost Customer Service
• Reduce Operating Costs
• Improve Financial Position

The supply chain does not also benefit businesses exclusively. They also support society in numerous ways. For example, they help with the transportation of medical supplies, food, and water. In times of great disaster, whether after a flood, hurricane, or earthquake, these supplies must be prepared, and those who prepare and help these products get delivered to their destination are involved in the supply chain industry. This can also boost peoples quality of life as well, such as having 2 day Prime shipping with Amazon Prime, supply chain management is heavily involved there as well.

• Improve Quality of Life
• Foundation for Economic Growth
• Improves Standard of Living
• Job Creation
• Opportunity to Decrease Pollution
• Opportunity to Decrease Energy Use
• Protect Cultural Freedom and Development
• Defending Human Freedom
• Protects Delivery of Necessities

By: Chandler Maples

Citation:

http://cscmp.org/CSCMP/Develop/Starting_Your_SCM_Career/Importance_of_SCM/CSCMP/Develop/Starting_Your_Career/Importance_of_Supply_Chain_Management.aspx?hkey=cf46c59c-d454-4bd5-8b06-4bf7a285fc65