"Supply chain management (SCM) deals with a system of procurement, operations management, logistics, and marketing channels..."
The management of the flow of goods and services from suppliers to customers across global networks, which includes logistics, inventory management, and procurement strategies.
Globalization: Understanding how globalization has impacted supply chain management across the world, and its implications for international business.
Logistics and Transportation: Understanding the role of transportation and logistics in global supply chain management, including procurement, supplier management, and delivery to end-users.
Supply Chain Design and Operations: Understanding how companies design, manage, and operate their global supply chains, including sourcing of materials, inventory management, and supply chain optimization.
Sourcing and Procurement: Focuses on the process of finding suppliers to provide the necessary goods and services, including supplier qualification, selection, negotiation, and purchasing.
Risk Management: Identifying and mitigating risks in supply chains, including natural disasters, political instability, currency fluctuations, and other external factors that could adversely impact the supply chain.
Supply Chain Analytics: Using data and analytics to analyze and optimize the performance of the supply chain, including forecasting, capacity planning, and cost optimization.
Cross-Cultural Communication: Understanding the importance of effective communication in international business, including language, culture, and other factors that can affect business relationships.
Ethics in Global Supply Chain Management: Understanding the ethical considerations involved in global supply chain management, including social responsibility, human rights, and environmental sustainability.
E-commerce and Supply Chain Management: Understanding how e-commerce has transformed global supply chain management and the potential benefits and challenges of this technology.
Corporate Social Responsibility: Understanding how global supply chains can be used to create positive social and environmental impacts, including the role of companies in promoting sustainable development.
Direct Exporting: This involves selling goods or services directly to customers in foreign markets. Companies that are new to international trade typically start with direct exporting to test the waters.
Licensing: Licensing is the process where a company allows a foreign company to use its intellectual property, such as technology, patents, trademarks, etc. In return, the foreign licensee pays a fee, a royalty, or a combination of both.
Contract Manufacturing: This involves outsourcing the production of goods to foreign manufacturers, who are responsible for manufacturing, packaging, and delivering the products as per the specifications provided by the company.
Strategic Alliances: This is a collaborative partnership between two or more companies to achieve common objectives, such as market penetration, product development, technology transfer, etc. Strategic alliances may involve joint ventures, consortia, equity partnerships, or cross-licensing agreements.
"... procurement, operations management, logistics, and marketing channels."
"The objective of supply chain management is to create net value, build a competitive infrastructure, leverage worldwide logistics, synchronize supply with demand, and measure performance globally."
"Supply chain management encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital."
"Marketing channels play an important role in supply-chain management."
"Current research in supply-chain management is concerned with topics related to sustainability, volatility, and risk management, among others."
"An important concept discussed in SCM is supply chain resilience."
"The 'people dimension' of SCM, ethical issues, internal integration, transparency/visibility, and human capital/talent management are topics that have, so far, been underrepresented on the research agenda."
"Supply chain management is focused on a more traditional management and business-based approach, whereas supply chain engineering is focused on a mathematical model-based one."
"Supply chain management ensures that raw materials can be converted into a finished product and delivered to the end customer."
"Interconnected, interrelated or interlinked networks, channels, and node businesses combine in the provision of products and services required by end customers in a supply chain."
"SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital in functions that broadly include demand planning, sourcing, production, inventory management, and logistics."
"Supply chain management includes the movement and storage of raw materials, work-in-process inventory, finished goods, and end-to-end order fulfillment from the point of origin to the point of consumption."
"SCM is the broad range of activities required to plan, control, and execute a product's flow from materials to production to distribution in the most economical way possible."
"SCM focuses on ensuring the production of high-quality products at high speed with good flexibility and low production cost."
"The design, planning, execution, control, and monitoring of supply chain activities are important elements of SCM."
"The objective of supply chain management is to build a competitive infrastructure, leverage worldwide logistics, and synchronize supply with demand."
"Supply chain management strives for an integrated, multidisciplinary, multimethod approach."
"The objective of supply chain management is to create net value."
"The objective of supply chain management is to measure performance globally."