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Word Count: 6,863
First of all the supply chain management SCM is a global word and it has not having the full meaning of the SCM however it has a special dealing with any business operation which is considering the important part either inside or outside the business Thereafter the SCM is developing to be having the four fundamentals which is primarily using in the SCM For that four fundamentals we should be knowing and understanding very well Because of considering the core of the SCM However the SCM can be defining theoretical and practical minor that would be reached the developing as well Be aware of that defining the development of the four fundamental and it should be prove it in the one of the company in the world which has having the SCM as a basic of the company Moreover you have to check any data or information which is helping you to reach the different characteristics in each company that would be useful to find the developing of the four fundamentals in the SCM In this Question I am going to find the development of the definition of four fundaments in the SCM and I will continue to find it and proof it in the one of the company that I will decide it later Q1aWe have the four fundamentals of the Supply Chain Management which is important to be connected with each other by Sweeney 2007 p40Setting SCM objectivesSCM philosophyManaging the flowSupply chain relationshipsFirstly the basic concept of the management by objectives is that agreed objectives form the basis of the planning process Setting SCM objective is considered the important part in any planning activity and is central to the successful creation and implementation of any plan for several reasons including the following Sweeney 2007 p41It focuses the attention of planners on the main targets to be achievedIt provides a sense of direction to those creating and implementation the planIt provides a
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