"Supply chain management (SCM) deals with a system of procurement, operations management, logistics, and marketing channels..."
The coordination and management of the flow of goods and services from suppliers to customers.
Introduction to Supply Chain Management: Overview and basic concept of supply chain management. Includes the flow of materials, information, and finances from suppliers to manufacturers to wholesalers to retailers to end consumers.
Demand forecasting: Using data and historical trends to predict future demand for products and services to optimize production and minimize inventory costs.
Inventory management: Controlling inventory levels and ensuring materials and products are available when needed while minimizing holding costs and the risk of stockouts.
Procurement and sourcing: Identifying and selecting suppliers, negotiating contracts, and managing supplier relationships in terms of cost, quality, and delivery.
Logistics and distribution: Planning and managing the movement of goods from production facilities to retailers or end consumers while minimizing transportation and handling costs.
Customer service and order fulfillment: Ensuring customer orders are accurately and efficiently fulfilled, including managing delivery times and addressing quality or service complaints.
Quality management: Ensuring that products and services meet or exceed customer expectations and industry standards through quality control and improvements.
Supply chain sustainability: Managing the environmental, social, and economic aspects of supply chain activities to minimize negative impacts and create long-term value.
Risk management: Identifying, assessing, and addressing potential risks that can disrupt the supply chain, such as natural disasters, geopolitical events, or supplier bankruptcies.
Metrics and performance measurement: Using key performance indicators (KPIs) and performance measurement techniques to evaluate and improve supply chain efficiency, effectiveness, and customer satisfaction.
Demand forecasting: The process of estimating the customer demand for a particular product or service in the future.
Inventory management: The supervision of non-capitalized assets (inventory) and materials from initial ordering to ultimate consumption. The goal of inventory management is to manage the supply chain effectively and efficiently in such a way that it reduces the costs associated with inventory holding.
Order processing: The process of managing customer orders from receipt to delivery, as the order moves through the supply chain.
Warehouse management: The process of controlling the movement and storage of products within a warehouse to facilitate efficient work processes.
Transportation management: The coordination and management of the movement of goods from one place to another, including planning and executing transportation strategies, selecting the transportation mode and carrier, monitoring the movement of goods, and managing costs associated with transportation.
Procurement: The process of acquiring goods, services, or works from an external source.
Supplier management: The management of relationships with suppliers to ensure stable, reliable delivery of goods and services.
Production planning: The process of determining the manufacturing capacity required to fulfill customer demand based on sales forecasts, inventory levels or other criteria.
Quality assurance: The process of ensuring that products meet the desired quality standards through testing, inspection, and other quality control measures throughout the supply chain.
Performance measurement: The evaluation of the efficiency and effectiveness of supply chain operations through the use of metrics and other performance indicators.
"... 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."