Supply Chain Management What is supply chain management? A supply chain is a collection of inter-dependent steps that, when followed, accomplish a certain objective such as meeting customer requirements.  Supply chain management is a generic term that encompasses the coordination of order generation, order taking, and offer fulfillment/distribution of products, services, or information.  Numerous, independent firms and customers are involved in a supply chain. Elements of Supply-Chain Management -- Planning System -- Execution system -- Performance Measurement System -- Integrating Functions in a supply chain. Supply Chain Management includes managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, and delivery to the customer."