THE 3 Ts OF HIGHLY EFFECTIVE SUPPLY CHAINS

In order to compete the effective management of the supply chain is critical. Supply chain management has been defined as “the management of upstream and downstream relationships with suppliers, distributors and customers to achieve greater customer value-added at less total cost.” The key factors that need to be focused on are building relationships and creating value. When this is achieved organisations become more agile and responsive, however for many organisations this is an illusive goal.