 Quote of the Day “Keep a cool head and maintain a low profile. Never take the lead - but aim to do something big.„
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Supply chain managementConcept Briefing:Supply chain management - SCM is the process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption.A supply chain is a chain of processes which supply one to another. A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these material into intermediate and finished products, and distribution of these finished products to customers. A supply chain essentially has three main parts: supply, manufacturing and distribution. The supply side concentrates on how, where from and when raw materials are procured and supplied to manufacturing. Manufacturing converts these raw materials to finished products, and Distribution ensures that these finished products reach the final customers through a network of distributors, warehouses and retailers. Usually also planning is considered to be part of supply chain. It deals with planning and orchestrating the flow of goods and information between the above three areas. The chain can be said to start with the suppliers of your suppliers and ends with the customers of your customer. Need more information on Supply chain management?28.01.2007. 00:11 |