How can a company improve its Supply Chain Management to gain low cost competitive advantage?

Chapter 1 Introduction In recent years supply chain management (SCM) has received a great deal of trade press and academic attention. For many chief executive officers (CEO) the time has come to shift attention to their supply base and embrace the principles of SCM. The resource-based approach to strategic management suggests that competitive advantage can be found in the different resources and capabilities a firm controls. Resources that are valuable, rare, difficult to duplicate, and can …

…the skills and capabilities of their suppliers. I also infer that usage of information technology is very important for both company and suppliers. Because information technology assures the integration of supply chain as long as the partners properly share it. While it extends the level of knowledge it also ensures the accuracy in cost management. Moreover, It is a factor to evaluate the best suppliers value and then leverage capability throughout the entire supply chain.