Impact of Supply Chain Management on Product Cost in Industrial Companies

Abstract

Changes in the modern business environment—characterized by intense competition, technological advancements, market globalization, the fading of geographical boundaries, and the elimination of trade barriers between products and markets—have heightened customer expectations to obtain products and services at the right place and time, with the highest quality and the lowest possible cost. This shift has prompted many organizations to consider abandoning traditional management methods and adopting modern systems that enable them to cope with and overcome these variables. Such adaptation is essential to achieve market growth and sustainability, as well as to retain and expand the customer base through the supply chain and foster collaboration among all supply chain stakeholders to meet diverse customer needs. Accordingly, this study was initiated to examine the impact of supply chain management on product cost at the Amiantit Company.