Global Supply Chain Strategy

In the competitive global environment firms realize the importance of integrated relationships with their suppliers and customers. This makes the supply chain strategy a major issue as it enhances competitiveness by reducing uncertainties and enhancing customer service. Information technology synchronized with supply chain has integrated planning and coordination. Technology has enhanced communication in supply chain but it is not free from risks and pitfalls. It can also give rise to unfair trade practices. This paper provides an awareness of the concepts and principles underlying the supply chain management and how businesses have benefited from its application.
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