MANAGEMENT

Detailed explanation-1: -Logistics synchronisation, incentive alignment, collective learning, price, non-price, flow coordination, supply chain contracts, information sharing, information technology, and joint decision making are found as some prominent coordination mechanisms to improve performance of supply chain.

Detailed explanation-2: -Supply chain management software (SCMS) refers to the software tools or modules that are used in completing supply chain transactions and managing supplier relationships. SCMS also help to control the business processes associated with supply chain management.

Detailed explanation-3: -Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.

Detailed explanation-4: -Supply chain management (SCM) is the oversight of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer and then to the consumer.