Significantly, the success of an organisation must be pegged on the supply chain as pasrt of the vital elements in the system structure. Observably, supply chain is often regarded as the process of integrating companies and their operations together with regard to the flow of products, services along with other aspects of modern businesses (Ellis, 2010). Basically, the supply chain process entails the contribution of a supplier, distributer along with an instantaneous customer, and this further incorporates the flow of gods and the services of an organisation. In modern business practices, the supply chain retains its critical importance as it is directly associated with the operational wellbeing of the business (Warkentin, 2003). Correspondingly, this particular discussion will primarily deal with analysing the importance as well as the role of supply chain management in the domain of business-to-business marketing. The paper will also conclude some of the major prevailing issues associated with the supply chain management with considerations of two different industries, which will include the Textile Manufacturing Industry of China and Chemical Industry in Singapore in a macro prospective.
Supply Chain Management (SCM) is one of the most integral processes in the contemporary business environment. It will not be vague to depict that it is one of major elements, which can directly decide upon the success potentials or failure risks of a company, irrespective of its industrial positioning. SCM is often defined as the management of the flow of goods within any particular business context. It primarily involves the movement of materials or finished goods from one domain of the business to the other in a systematic manner, ensuring time effectiveness in each of the stages involved in the supply chain process.