SUPPLY CHAIN MANAGEMENT PRACTICES AND FIRM PERFORMANCES

SUPPLY CHAIN MANAGEMENT PRACTICES AND FIRM PERFORMANCES

UNDER THE GUIDANCE OF

DR. RAVIKANT SHARMA

Submitted By:

RAHUL KUMAR

SCHOOL OF BUSINESS

GALGOTIAS UNIVERSITY

INTRODUCTION

"Supply Chain Management Practices and Firm Performances" encompasses a critical nexus in contemporary business operations. This introductory passage seeks to elucidate the pivotal role supply chain management plays in enhancing organizational performance and competitiveness.

Supply chain management, as a strategic discipline, pertains to the orchestration of interconnected activities involved in the flow of goods, services, information, and finances from raw material suppliers to end consumers. It encompasses a spectrum of functions including procurement, production, logistics, distribution, and customer service.

At the heart of supply chain management lies the imperative of synchronization and integration. Firms that adeptly synchronize their supply chain activities achieve operational efficiencies, reduced costs, improved responsiveness, and enhanced customer satisfaction. Integration across various nodes of the supply chain fosters seamless coordination, transparency, and agility, enabling firms to swiftly adapt to dynamic market conditions and customer preferences.