Differentiate supply chain management from other similar concepts, such as logistics management or supply management. Then, using an organization that you know well (for example, a company you work for or one that you buy products from), create a diagram identifying the supply chain. Your diagram should include at least twelve steps. Identify and discuss three critical success factors of your supply chain (the things that make it effective and efficient).

How can supply chain management benefit society? Use the diagram you created to illustrate and support your response.

Answer preview

The process of controlling the flow of goods and services including during the storage and movement of both raw material and the finished products from the production to the consumer is known as supply chain management (Monczka, Handfield, Giunipero & Patterson, 2015). On the other hand, the control of the movement and storage of products and information from the place of origin to the destination is logistic management. Lastly, supply management is the process of getting suppliers and resources and then managing them for the operations of the company. Supply chain management is the primary process under which the implementation of both the logistics management and supply management happens…

(600 words)