Supply chain management is crucial to the success of many industries and growing economies around the world; some consider supply chains to be the nervous system of trade. Managing a supply chain is an operation-oriented practice that requires efficiency and effectiveness, from the early phases of planning, procurement, and warehousing, to the logistics of shipping goods from producers to consumers.
The following sample diagram identifies the stakeholders involved in the supply chain management of a laptop:
You can check out this diagram by Andreas Wieland at, https://en.wikipedia.org/wiki/Supply_chain_management#/media/File:Supply_and_demand_network_(en).png. Here is the license to the diagram, https://creativecommons.org/licenses/by-sa/3.0/.
Now, let's understand some of the issues faced by the supply chain industry.
Issues in the domain
The following are three of the top issues faced...