Necessity of Supply Chain Management Research Paper

Necessity of Supply Chain Management - Research Paper Example The present research has identified that in a round of the activities involved, supply chain management deals with the purchasing and storage of the various raw materials that are necessary for production of the product, the inventory involved within the manufacturing stage (creation of the product) and the handling of the final product up to its point of consumption. It ensures that no snag in terms of the materials involved in any of these stages is come across acting as a hindrance to the provision of the final product to the consumer. The necessity for supply chain management can be seen through the various responsibilities that are seen in this activity. Business has grown and developed over the years and has expanded from the simple buying and selling into a series of activities and responsibilities required to ascertain  the smooth operations of such a setup. One of these responsibilities is supply chain management, and this aspect of the business has become an integral frac tion of the business activities that take place in a company. Supply chain management can be termed as the running of all businesses that happen to be interconnected with one another in relation to their involvement in the provision of a product or a service that is required in the creation of the final end product that is required by a consumer. This means that it deals with all the various parties that are involved in the different steps that are needed in the production of a good or a service so as to ensure that everything goes smoothly.