supply chain management refers to the optimization of supply chain operations and all processes of the supply chain from procurement to meeting final customers at the lowest cost. MBA, EMBA, and other management education include enterprise supply chain management.

supply chain management is to coordinate the internal and external resources of the enterprise to jointly meet the needs of consumers. When we regard the enterprises in each link of the supply chain as a virtual enterprise alliance and regard any enterprise as a department in this virtual enterprise alliance, the internal management of the alliance is supply chain management. However, the composition of the alliance is dynamic, changing at any time according to the needs of the market.

Effective supply chain management can help achieve four goals: reduce cash turnaround time; Reduce risk to the business; Achieve profitable growth; and Provide predictable income.

The seven principles of supply chain management: Divide the customer base according to the service characteristics required by the customer; Design the logistics network of the enterprise according to customer needs and the profitability of the enterprise; Listen to the market demand information, design products closer to customers; Time delay; Strategic sourcing and sourcing to establish win-win cooperation strategies with suppliers; Establishing information systems throughout the supply chain; Establish performance appraisal criteria for the whole supply chain.