Supply Chain

The supply chain refers to the network of individuals, organisations, resources, and activities involved in the creation of a product from source materials to its eventual delivery to the end user.

Stock Control

• The overall objective of stock control is to maintain stock levels to that the total costs of holding stocks is minimised.

• A popular method of implementing stock control is through the use of stock control charts and algorithms that automate the process

Supply Chain Management

The active management of supply chain activities to maximise customer value and achieve a sustainable competitive advantage.

It involves:

• Workflow management

• Order fulfillment