- supply chain
Supply chain management is a system. Like all systems, it is composed of many connected processes, all working in harmony to achieve organizational objectives. There are five basic activities we must implement for superior achievement of those objectives. The processes in typical sequential order are:
- Define your requirements
- Select a supplier
- Award the business
- Build and strengthen relationships
- Monitor the performance
These five activities apply to all organizations, be they government, industry, healthcare, or education. The five activities combined create an enterprise system.