Article Preview
TopLiterature Review
Today we realize that competition is between supply chains and no more between companies (Erkan & Bac, 2011). So, effective SCM is critical for protecting competitive advantage and performance improvement of a supply chain (Trkman, Štemberger, Jaklic, & Groznik, 2007). SCM is all about smooth flow and transformation of material from the origin to point of consumption. It includes flow of: materials; information; and money. Conventionally, for functional products the critical factor is cost efficiency and that for innovative products is responsiveness (Fisher, 1997).
Organizations usually consider themselves successful in managing their supply chains, however still there are gaps (Elmuti, 2002). As demand for SCM is growing among employers, more universities are adding advanced courses in SCM (Ellram & Cooper, 2014; Webb, Thomas, & Liao‐Troth, 2014). This move will further enhance the body of knowledge for supply chain decision making. Conceptually, various supply chain decisions can be segregated in terms of their implications, i.e.: operational; design; and strategic (Huan, Sheoran, & Wang, 2004). For the effective management and decision making in supply chains, performance measurement is fundamental.