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Integrating the Supply Chain Network

Global pressures on retail production have put more emphaisis on supply chain management. Businesses are no longer single entities but part of larger economic chains and vines. These organizations seek to create efficiencies by managing relationships with others within the chain to reduce transaction costs as well as integrate services to ensure their chain is operating at a maximum.   According to the paper by Ohdar and Ray (2012) new ways of managing the supply chain management system are needed and worthy of study.  Supply chain management is not confined to logistics alone and includes components of relationship management. It may include concepts such as forecasting, procurement, manufacturing, distribution, inventory control, transportation, and customer service. The integrated approach to supply chain management may also apply to customers and suppliers as they fit within this general process and seek to maximize opportunities.  Each company determines the extent t