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Shaping and Managing Your Supply Chain
Supply Chain Management involves pro-actively developing and implementing supply chains that are as efficient and economical as possible in order to maximise value.
While supply chains have existed for a long time, most organisations have paid little attention to them. Few businesses have understood or managed, the entire chain of activities that ultimately deliver products or services to the final customer. The result can be disjointed, and often ineffective supply chains can result in increased costs, inefficient practices, supply constraints, reduced quality, and longer lead times.
Organisations are beginning to recognise that more attention must be paid to developing lean and agile supply chains to support a new era of high-volume off-site production using state of the art manufacturing techniques in highly modern automated factories. The built environment industry needs to learn and apply lessons from other sectors, such as the aerospace, automotive and FMCG markets where supply chain management principles are embedded in day to day activities.
The Concept of Supplier Relationship Management
Duncan Brock, Group Director, Chartered Institute of Purchasing and Supply (CIPS) explains the concept of Supplier Relationship Management