SUPPLY CHAIN MANAGEMENT AND FOURTH PARTY LOGISTICS
SUPPLY CHAIN MANAGEMENT AND FOURTH PARTY LOGISTICS Introduction 1. Supply chain, on material level is defined as flow of materials through procurement, manufacture, distribution, exploitation and disposal while on human level it is an entity of people organisation as structures and systems delivering the desired value and goods. Supply chain management is undergoing a paradigm change in aligning its activities, measures and customer focus. No longer does supply chain management operate as mutually exclusive teams with separate sets of matrix in managing their activities. These days successful organisations use a master strategy of “Vital three” elements – people, process and enabling technology, in addressing future growth, organisation transformation and organisation resource planning enabling initiatives. This is more binding in view of the fact that t...