This paper
discusses supply chain management (SCM) and examines how companies apply it. The paper explains that SCM is a
'process
improvement tool' that promises to have much more staying power than transient business fads. The paper contends that SCM aims to satisfy customer needs efficiently through the planning, implementing and controlling of operations from the point-of-origin to the point-of consumption. The paper explores the nature of SCM and its role in the retail sector. The paper discusses how SCM impacts profits during corporate expansions. Outline Introduction Nature of Supply Chain
Management Profit Maximisation The Mayo Clinic's Supply Chain The Future of SCM Conclusion