Objectives are the goals which an organization aims to achieve. Basically, objectives transform the Vision, Mission and Goals of an organization into targets or aims which it will pursue; in fact their attainment is the principal reason for the existence of that organization. In every organization, there is a hierarchy of objectives just as there is a hierarchy of managers. The general objectives at the top of the hierarchy are relevant to all aspects and members of the organization, at a general level; they cascade down to the more specific objectives of business units, groups and individuals (Strategic Supply Chain Management, 2010). Commonly the statement of objectives at each stage of this cascade can be termed as described in Figure 5.3.