Supply chain management has taken the basic premise of logistics and moved it outside of the company. No company operates in a vacuum. For almost every focal firm, there is a myriad of suppliers, customers, competitors. Supplier development and customer relationship management are just two trends emerging from this new focus on the partnering firms with which a company does business. The focus of this course is understanding supply chain management in the context of providing a competitive advantage to your company. Supply chain strategies have moved far beyond finding the lowest cost of goods and services; supply chain management is now a business strategy focused on delivering value from a complete cost-of-ownership perspective.