Several studies of inter-firm accounting have shown how accounting and controls are implicated in the management of supply chains. Supply Chain Management (SCM) is an essential element to operational efficiency.

Required:
1. Briefly explain the supply chain management.

2. Discuss, using examples, four five of the risks encountered in strategic alliances.

3. Discuss the link between the management accounting and the supply chain.

4. Elaborate on how a good management of the supply chain, using accounting systems, improves the customer’s satisfaction.