Fostering Supply Chain Management in Global Business

Abstract

This chapter reviews the perspectives of fostering supply chain management (SCM) in global business, thus describing the theoretical and practical concept of SCM; the applications of SCM; fostering SCM through knowledge management (KM) in global business; the strategic success factors of SCM; and the significance of SCM in global business. The utilization of SCM is necessary for modern organizations that seek to serve suppliers and customers, increase business performance, strengthen competitiveness, and achieve continuous success in global business. Therefore, it is essential for modern organizations to examine their SCM applications, develop a strategic plan to regularly check their practical advancements, and immediately respond to the SCM needs of customers in global business. Applying SCM will extremely improve organizational performance and reach business goals in global business.