The document defines supply chain management (SCM) as the management of interconnected businesses involved in providing products and services to end customers. SCM includes design, planning, execution, control, and monitoring of supply chain activities to create value, build competitive infrastructure, leverage logistics, synchronize supply and demand, and measure performance globally. The document also provides other common definitions of SCM from various sources and discusses problems addressed by SCM as well as its historical developments and common services.
The document defines supply chain management (SCM) as the management of interconnected businesses involved in providing products and services to end customers. SCM includes design, planning, execution, control, and monitoring of supply chain activities to create value, build competitive infrastructure, leverage logistics, synchronize supply and demand, and measure performance globally. The document also provides other common definitions of SCM from various sources and discusses problems addressed by SCM as well as its historical developments and common services.
The document defines supply chain management (SCM) as the management of interconnected businesses involved in providing products and services to end customers. SCM includes design, planning, execution, control, and monitoring of supply chain activities to create value, build competitive infrastructure, leverage logistics, synchronize supply and demand, and measure performance globally. The document also provides other common definitions of SCM from various sources and discusses problems addressed by SCM as well as its historical developments and common services.
management of a network of interconnected businesses involved in the provision of product and service packages required by the end customers in a supply chain SCM Definition Cont…
Design, planning, execution, control, and
monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally Other common and accepted definitions of Supply Chain Management • Managing upstream and down stream value added flow of materials, final goods and related information among suppliers; company; resellers; final consumers is supply chain management. • Supply chain management is the systematic, strategic coordination of the traditional business functions and the tactics across these business functions within a particular company and across businesses within the supply chain, for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole (Mentzer et al., 2001) • Global supply chain forum - supply chain management is the integration of key business processes across the supply chain for the purpose of creating value for customers and stakeholders (Lambert, 2008) • According to the Council of Supply Chain Management Professionals (CSCMP), supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management Problems Addressed • Distribution Network Configuration • Distribution Strategy • Trade-Offs in Logistical Activities • Information • Inventory Management • Cash-Flow Historical Developments • Creation era • Integration era • Globalization era • Specialization era (phase I) Outsourced manufacturing and distribution • Specialization era (phase II) Supply Chain Management as a service • Supply Chain management 2 Historical Developments • Creation era • Integration era • Globalization era • Specialization era (phase I) Outsourced manufacturing and distribution • Specialization era (phase II) Supply Chain Management as a service • Supply Chain management 2 Supply Chain Management Services • Operational Analysis and Design Materials Handling • Distribution Strategy • Operational Improvements, Distribution Management • Computer Systems • Warehouse Design Project Management • Operational Commissioning • Computer Simulation • Technical seminars