Connect with us

Business

Demystifying supply chain management

Published

on

By Dr. (Eng.) Sanath Divakara

Supply chain management has been in vogue for many decades and has raised the interest of both academics and practitioners. The concept is more popular within international business and yet it is important to demystify it further for adapting to current practices.

As we know theories are updating fast amid the technological revolution. The current practices in many disciplines of industry undergo integration, such as, human resources, marketing, quality management, project management and operation management. The Industrial Revolution has made a tremendous contribution to the integration of many concepts, including supply chain management.

An essential part of every business model is the supply chain and its management. All the components of this chain should be thoroughly controlled. It will bring about a cost decrease and a profitability increase. Therefore, this discussion would enable our readers to understand the concept of supply chain management which is evolving through industry practices. .

Supply chain concept relies on movement of materials from supplier to customer and finance and information in the opposite direction. Evolution of supply chain management has been characterized by increasing integration of each task, a trend underlined in the 1960s. History signifies a consolidation in 1980 in identifying two areas of material management and physical distribution. The process continued toward 1990 as globalization incited functional integration and the emergence of logistics into the field.

All the functional elements that were under material management and physical distribution became part of logistics. However, there was no significant discussion on information and communication technologies. In the 2000s technology became the factor used everywhere in the world for exponential development and information and communication technology played a vital role. Industry rivalry influenced to change many concepts under the concept of modern management. Value addition, information, and financial flows were the main concepts that were under the critical discussion and completed the integration with the emergence of supply chain management.

It allows for the integrated management and control of information finance, goods and services flows, making possible a new range of production and distribution systems.  Supply chain management has become a complex sequence of activities aiming at value capture and competitiveness. Supply chain is integrated logistics that connects operations and services to convert raw materials and components into finished goods and then deliver those goods to the end customers.

Supply chain management is the planning and control of a business’s flow of goods, services and information. It aims to minimize the cost and meet the needs of customers with increased efficiency. Supply chain management oversees all the processes involved in getting a product or service to customers, including procurement, logistics, warehouse, inventory control and distribution. Supply chain management is an art and science of ensuring products or services reach the right place, at the right time, right price and in the right condition. It is the intricate web of process, people, technology, and resources that make the entire journey possible, from raw materials to the hands of the end customer.

It is obvious that supply chain management is a concept that describes more than does logistics. Logistics is part of the supply chain and defined by Lambert, Stock & Ellram as the process of planning, implementing and controlling the efficient effective flow and storage of goods, services and related information from point of origin to point of consumption for the purpose of conforming to customer requirements. Logistic systems are often described as a network of nodes and links describing an interconnected web. Logistics itself includes transportation, hence no additional requirements are needed to specify logistics and transportation. Similarly, there are misnomers used in the process of supply chain management as supply chain and procurement, supply chain and logistics etc.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Indra Traders launches Athwela Programme in partnership with Bank of Ceylon

Published

on

Rushanka Silva (Managing Director, Indra Traders) and Y. A. Jayathilaka (General Manager, Bank of Ceylon) appearing for a photograph after signing the agreement. Also present at the occasion (from left in the photo): Asitha Perera – Senior Sales Manager, Indra Traders, Dharma Ilangasinghe – Group General Manager, Indra Traders, Shashindra Silva – Sales Director, Indra Traders, R. M. N. Jeewantha – Deputy General Manager (Development Banking & Branch Credit Operations Range II), BOC, Samantha Wimalasiri – Assistant General Manager (Consumer & Development Banking), BOC, F. S. Naeem – Chief Manager (Development Banking), BOC, R. M. L. W. Ratnayake – Senior Manager (Consumer & Development Banking), BOC

Indra Traders recently introduced a special programme titled “Athwela” in collaboration with the Bank of Ceylon (BOC).

The programme was designed with a primary focus on customer convenience, aiming to provide essential support by simplifying the financial challenges often associated with vehicle purchasing and servicing. This initiative is regarded as a further strengthening of the trust and relationships Indra Traders has built over its decades of service excellence.

The partner for this program, the Bank of Ceylon (BOC), is Sri Lanka’s largest state bank and a premier financial institution. It offers an extensive island-wide branch network, exceptional customer service, and some of the most competitive interest rates in the market.

Speaking at the event, Rushanka Silva, Managing Director of Indra Traders, said: “Today is a very special day for us. As Indra Traders, a company engaged in business for over five decades, it is a great honor to enter into the ‘Athwela’ agreement with Sri Lanka’s largest bank. Through this program, we are working to provide various financial and service facilities, including leasing. As a company that imports everything from the smallest to the largest vehicles, we provide customers the opportunity to purchase any vehicle they need through our six yards located across the island. Even if a specific vehicle is not in our current stock, we are prepared to import it according to the customer’s requirement. I invite all customers to join hands with ‘Athwela’.”

Y. A. Jayathilaka, General Manager of Bank of Ceylon, added “At a time when restrictions on vehicle imports have been relaxed, it is a great pleasure for Bank of Ceylon, the strongest bank in the country, to partner with Indra Traders – a company with over 50 years of trusted history. Our goal is to provide a comprehensive and convenient service to leasing customers across the island by combining BOC’s extensive branch network with Indra Traders’ expertise.”

Continue Reading

Business

Launch of new Beijing-Colombo air link announced in China

Published

on

Ambassador Majintha Jayasinghe and representatives of Beijing Capital Alliance at the destination promotion event where the new Beijing-Colombo air link was announced.

The Sri Lankan Embassy in Beijing together with Beijing Capital Airlines last week organized a destination promotion event and announced the launch the Capital Airlines direct flights from Beijing to Colombo.

While congratulating Beijing Capital Airlines for expanding the connectivity between Beijing and Colombo, the Sri Lanka Ambassador Majintha Jayesinghe highlighted the longstanding bilateral relations between the two countries and the significance of strengthening connectivity in line with the Joint Statement issued following the meeting in January 2025 between President Xi Jinping and President Anura Kumara Disanayaka, a news release from the embassy said.

The President of the Beijing Capital Airlines Liu Jun expressed appreciation and stated that the new route is an important milestone in expanding the airline’s South Asian network while strengthening the Air Silk Route. He also highlighted that this is the only direct flight connecting Northern China with Sri Lanka and a key Capital-to-Capital air link, it added.

There was no word about the flight frequency and when the service will begin.

Ambassador Jayesinghe reiterated that Sri Lanka is more than a holiday destination and is positioned as an exotic, experienced-rich, year-round travel destination offering warm and pleasant weather. He emphasized that Sri Lanka, as a stand-alone destination, provides a blend of rich history, eight UNESCO heritage sites, diverse landscapes, pristine beaches, dense forests, and scenic mountains, inviting Chinese travellers to explore and enjoy Sri Lanka.

The commencement of the Beijing – Colombo route will contribute to the social and economic development of both countries. The Beijing- Colombo service has filled a longstanding gap in the aviation market and will further promote the economic, trade, cultural and tourism development, while offering more convenient travel options, the news release said.

Continue Reading

Business

SLT-MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App

Published

on

From left to right – Supipi Nawarathne, Head, Department of Food Technology, UCIARS, Dr. Nisansala Widanapathirana, Head, Department of Agro Technology, UCIARS, Professor Champathi Gunathilake, Director, UCIARS, Dr. Nath Dharmasena, CEO, Fintelex Pvt Ltd, Sudharshana Geeganage, COO, Mobitel, Professor Indika Mahesh Karunathilaka, Vice Chancellor, University of Colombo, Pradeep Arunasiri, Consultant Agronomist – Digital Inclusion, Fintelex Pvt Ltd, and Madura Hewage, Senior Manager – VAS, Mobitel, at the launch of Yaya Agro.

SLT-MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all-in-one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.

Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.

Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real-time weather updates, first aid support, and AI-powered assistance into a single, easy-to-use platform.

The launch of Yaya Agro positions SLT-MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI-driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT-MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.

Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real-time support, and market access to the fingertips of every Sri Lankan farmer.

Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.

Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location-based weather forecasts to help plan farming activities more effectively. The app also delivers life-saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.

To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach.

Continue Reading

Trending