In a world that is moving so quickly with goods circulating at a rapid pace, the role of the Supply Chain Manager (SCM) is crucial.
With the global pandemic we are all living in, supply chains have been severely disrupted, and it has had a huge impact on companies around the world. Sure, we have all heard this on whatever news channel we tune into, and those of us that do the grocery shopping have all experienced stock shortages because of so many delivery restrictions. I mean, who will ever forget the great toilet paper shortage of March 2020?!
But what is supply chain management really?
The basic purpose of the supply chain is to fulfil demand, drive customer value, improve responsiveness, facilitate financial success, and build a good network. Supply chain management is the lifeline of an organization and can cause a company to succeed or fail.
As a kid, I remember playing this old-school computer game called lemonade stand, where we had to make a prediction based on supply and demand. We were provided the day of the week and the weather and then we had…