Innovation in Supply Chain and Logistics Management

With the passage of time the innovation in the field of operations has been changed. Now the term supply chain management (SCM) has been used quite often in recent times, with many connotations. Having made the goods accessible at the point of origin, the physical movement of the products enters the logistics phase. This is where many innovations take place. Supply chain management adopts technology such as a simple standalone warehouse management system or a fully integrated ERP system. Logistics today is still observed as a contract service provider. We should be an industry and which implies logistics as an independent autonomous player. The elements of Sourcing, Logistics and Supply Chain Management are available in almost all sectors of the economy. Putting clients first means understanding their inclinations at a granular level and offering a decent affair that incorporates a wide choice, competitive pricing, a convenient purchasing process, and reliability. Beside from the issues it is also vital to see where the field is going. The future of SCM is bright, but certainly evolving. Making productive processes for supply chain management is essential to the success of overall manufacturing operations. This paper endeavors to propose an innovative performance measurement method to contribute to the development of supply chain management.