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Supply Chain Management and the SIMON system Supply chain management can be defined as the synchronization of a firm's processes and the processes of their suppliers to match the flow of materials, services and information with the demand of customers. The importance of supply chain management to inventory to control is immeasurable. When a company and their suppliers are working together and synchronizing their systems according to demand, inventory can be controlled and there will rarely be a case of excess inventory or a stock out. Supply chain management allows companies to implement a "just in time" inventory system which is a coordinated approach between a company and their suppliers that continuously reduces inventory while also improving the quality of the product. There are many operational advantages of using the Supplier Inventory Management Order Network (SIMON) system. The major benefit is the $20 million Shell Chemical Company created in for its...

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