Supply chains are no longer simple chains of a few suppliers, manufacturers and customers. They are often complex networks with many participants. Goods flows, from raw materials to finished products for end-users, are not based on fixed long term agreements, but on actual capability and capacity and cost. Multi-plant planning has now become real-time. With the introduction of the digital thread and the digital twin, supply chain management also includes the handling of virtual goods in cyber space.
Visibility and transparency of all supply chain activities are key to the successful delivery of the perfect order to the final customer. Supply Chain Management is about the integration of all activities through improved relationships in the supply chain to achieve a competitive advantage.