DEVELOPMENT OF FRAMEWORK FOR SELECTION OF BEST SUPPLY CHAIN PRACTICES

Abstract

In twenty-first century, the industry competes heavily. Entrepreneurs try to use technology to develop their business. However, using technology generates high costs. So companies need to find a new way to survive by using the existing resources to gain maximum benefit. Supply chain management is one of interesting alternatives as it can deliver competitive advantage such as greater competencies and synergy, more balanced decisions and less errors, more creativity and innovation, broader collaboration and sharing, and easier links to expertise and deeper understanding. There has been an increasing interest in the use of supply chain methods to improve performance across the entire business enterprise. Supply chain management has become a standard part of the business lexicon, and many firms now have a functional supply chain group. In addition to individual companies, numerous industries have recognized the importance of supply chain integration. Initiatives that aim at getting mu...