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Long-term success is becoming increasingly dependent on action and decision of upstream and downstream firms in the supply chain. (Darke and Mawhiney, 2006)
Probably the most recommended definition of supply chain management is the one developed and used by the Global Chain Forum in 1998: “Supply Chain Management is the integration of the key business processes from end user through original suppliers that provides products, services, and information that add value for customers and other stakeholders”. (Lambert et al.1998).
Figure: Hierarchy of Objectives
Because of the fact that this material refers to a drug producer, a definition that is close to the actual meaning of supply chain management is the following: the integration of all activities in a cycle that starts from raw material acquisition, followed by its transformation into finite drug, its distribution and its use by the sick patient – client...
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Common topics in this essay:
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