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Before an organisation can manage its supply chain effectively, it must first understand its precise purpose and objectives. A substantial amount of effort is required to establish and maintain a supply chain network. This entails a lengthy action list requiring expertise, time, and resources. Establishing strategies, forming partnerships, deploying technology, and investing in capacity are critical things to fulfil various goals of supply chain management. Understand the various supply chain management goals that a business must take into consideration.

Supply chain management is the process of planning and coordinating all of the people, resources, and technology that contribute to a company’s value creation. Consider the following 8 principles as a starting point for your learning in supply chain management.