Seven Principles of Supply Chain Management

Introduction

The COVID-19 pandemic has thrust the supply chain into the spotlight. Its fragility and how to make it more resilient have been widely discussed. The phrase ‘supply chain’ has become a buzzword to explain a complex process with many moving parts. But what can be done practically to make it more robust? To answer this question, we need to better understand the principles of the supply chain.

But first, I would like to challenge conventional thinking of what a supply chain actually is. The term ‘supply chain management’ can be traced back to 1982 and has gained in popularity throughout the 1990s. Since then, many books and theories have been written about it, and many people have taken on the title ‘Supply Chain Manager’.

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