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1 year, 11 months ago

What does supply chain management mean?

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ariesj | 1 year, 11 months ago
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Supply chain management is the process of managing five steps involved in a chain.
- Inbound logistics
- Production
- Outbound logistics
- Distribution
- Customer
The process involves from manufacturing of product to its final delivery. How efficiently and effectively, company manages their logistics, relationship with suppliers and distributors and finally with end consumers.

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cynthiakeener | 1 year, 11 months ago
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A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm. Supply chain consulting (www.extronlogistics.com) help in evaluating the company’s supply chain, its strengths and weaknesses, and explore possible solutions and enhancements.

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kjfawcett | 1 year, 11 months ago
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Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996).

Usually this entails a company managing every aspect of the production and distribution of their product in order to become more efficient, effective, and accountable.

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