Supply chain management
Supply chain management coordinates the activities and relationships needed to source inputs, create offerings and serve customers. It links flows of goods, services and information across organisations as well as within one business. Logistics is part of this broader task; effective supply-chain decisions also consider quality, resilience and responsible sourcing.
Worked example
A manufacturer shares demand information with suppliers, coordinates component deliveries and monitors customer returns. Buying each input at the lowest price would not by itself optimise the whole chain.
Common mistake
Reducing supply chain management to transport or procurement, or assuming that a saving for one participant necessarily improves the whole chain.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBL | Supporting | September 2026–June 2027 |