Complete 9 pages APA formatted article: Supply Chain Management: Tate & Lyle. After that, there was no looking back, with all its hue and color, the management science grows from strength to strength and the latest inclusion in their kitty was, among other so many wings, The Supply Chain Management. From the raw material to the finished product, from meadows to malls, the consumables, FMCG, high tech equipment or, to sum up, everything that is being produced needs to undergo a seamless activity to reach the end-user, encapsulated into the supply chain. The system is being maneuvered to optimize the costing and different other parameters.
All this process will be assimilated then to lead to a resultant theory. It is important in respect of the understanding the total process of logistics management in respect to the specified industry like Sugar Industry .
The complex as well integrated process of Up stream and Down Stream supply chain can not be addressed in a few words. The Supply Chain management is –“the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies.”- (2)
The product flow is the movement of goods from the supplier to the customer, at different level. Information flow is about passing on the information’s on order and relevant delivery and the Finance Flow is related to the cash transaction, credit terms, etc. In further investigation, we can reach in another two systems that is considered to be the two basic pillars in todays inventory management, Upstream and Downstream Supply Chain Management.