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What Is Supply Chain Management?

New York resident Craig Raucher is a management and operations professional with years of experience in the shipping industry. Over the course of a 30-year career, Craig Raucher has developed business skills in areas like supply chain management. Though the job terminology was not developed until 1982, supply chain management is, and has always been, an integral part of large-scale business operations.

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What Is Supply Chain Management?

  1. 1. What Is Supply Chain Management? By Craig Raucher
  2. 2. Introduction • New York resident Craig Raucher is a management and operations professional with years of experience in the shipping industry. Over the course of a 30-year career, Craig Raucher has developed business skills in areas like supply chain management. Though the job terminology was not developed until 1982, supply chain management is, and has always been, an integral part of large-scale business operations. The primary functions of supply chain managers are to streamline a business’ fulfillment process, find ways to cut costs, shorten output time, and increase competitiveness by improving efficiency.
  3. 3. Supply Chain Management • By effectively connecting the production, shipment, and distribution processes of a company’s product development, supply chain management professionals are able to maximize efficiency, decrease spending, and make business models more cohesive. Additionally, supply chain management professionals stay vigilant of a company’s inventory, economically comparing previously purchased resources to current purchasing needs. To be adept in managing the supply chain process, professionals must have a strong ability to multitask, excellent people skills, and a solid understanding of a company’s production practices.

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