Explian the role of significance of supply chain management in india case with relevant examples
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Answer:
Supply Chain Management is the management of physical goods movement, information flow and the cash flow.
Take following example from the Automotive Industry I am working in:
You as customer are ordering your brandnew BMW at your car dealer. Here is in a simplyfied picture what is happening until you can finally drive off from your perspective. Every stakeholde in this process has his own view and his own goals within the supply chain, i.e. low inventories, fast delivery, fast payment terms from customer, long payment terms to suppliers, quality, ... For you obviously the most important is that you get your car on time and, if you want to, can pay later to optimize your cash-flow.
The overall management and optimizatoin for the for your company relevant indicators is key element for supply chain management.