Topic > Supply Chain Management India Essay - 1159

As a result, consumer habits are also changing. Therefore, companies must be very careful in planning, to remain innovative and responsive to market changes. The different decades have followed the changes in supply chain management. A brief review of the history of the development of supply chain management was mentioned as early as 1832 in Charles Babbage's book on “Economics of Machinery and Production”. Monczka (2002) suggests that after 1850 the greatest development of purchasing occurred, which contributed to the overall profitability of the company. Modern supply chain purchasing functions were applied during World War I and the period 190 to 1939 for the purchase of raw materials with a focus on raw material sourcing. During World War II (1939-1945) business logistics courses were offered at several U.S. universities. Value analysis techniques were subsequently developed, introduced by General Electric in 1947, so the main objective was to satisfy consumer demands and the growing industrial market. The main emphasis was given to finance, marketing, operations and research &