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The document provides an overview of key concepts from Chapter 1 of a textbook on supply chain management. It discusses the development of supply chain management in leading companies and the importance of supply chain strategies. Five major forces driving changes in business and supply chains are identified as the empowered consumer, power shift to retailers, deregulation, globalization, and advancing technology. The chapter introduces the supply chain concept and characteristics including visibility, pull systems, coordination, and collaboration across the supply chain. Case studies demonstrate benefits from effective supply chain practices in reducing costs and inventory.
The document provides an overview of key concepts from Chapter 1 of a textbook on supply chain management. It discusses the development of supply chain management in leading companies and th…