This paper analyzes the importance of Supply Chain Management to ensure technological development as well as welfare of society as a whole. There are mainly three stages of supply chain namely procurement, production and distribution. With the fall of European Socialist-Bloc and opening up of the Asian markets, the trade barriers began to fall during the 1980’s and continued throughout the 1990’s. This development led to organizations having a supply chain, that criss-crossed the whole globe. The Integrated Supply Chain Management (ISCM) is now not only a problem of integrated logistics (as a process) but also demands that the supply chain management (SCM) must look into the ramifications of these arrangements on the cost of transportation (including tariffs or duties) of products within a trade zone and outside it, besides, developing logistics strategies.
Supply chain management (SCM), Suppliers, Strategic management, Integrated Supply Chain Management (ISCM), Logistical Execution System (LES), stock-keeping unit (SKU)
