Abstract: Supply chain costs represent a significant portion of a company’s sales; it isn’t difficult to see why there is such a focus on it. This results in a “leveraging” effect, as any dollar (in terms of exchange value) saved on supply chain contributes as the same to the bottom line as a much larger and often unattainable increase in sales. Historically, supply chain and logistics functions were viewed primarily as cost centers to be controlled. It is only in the past 20 years or so that it has become clear that it can be used for a competitive advantage as well. The effective configuration and supply of global resources have become the focus of market competition under the circumstances of globalized economy and internationalized market. The supply chain management serves as the basis to enable the enterprises to win in the competition and it is the key to improving enterprises’ core competitive power. In order to handle better in the heated competition and ever-changing market and take the upper hand of the competition, modern information technology is widely utilized in the supply chain management to strengthen the weakness of supply chain, improve operating efficiency, reduce operating costs and establish Quick Response strategies.
Keywords: Supply Chain Management (SCM), Heated Competition, Ever-Changing Market, Modern Information Technology.
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DOI:
10.17148/IJARCCE.2020.91103
