Supply chain management is the coordination of material, information and financial flows between and among all participating enterprises. Traditionally, supply chain management was mainly seen as a means to contain costs. However, supply chain should not focus only on cutting costs. Even when it comes to cost, it is difficult to identify which costs will best indicate supply chain effectiveness. Supply chain council?s Supply Chain Operations Reference (SCOR) model is a method of benchmarking and measuring improvements in supply chain performance.

financial, enterprises, benchmarking, supply chain.