What is Supply Chain Management
Supply chain management means planning and control the total
processes of the business which involved, all suppliers, customers and other
intermediaries who belong directly and indirectly to fulfill the customer
satisfaction
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ReplyDeletehttp://www.vestedway.com/wp-content/uploads/2012/09/McDonalds-Case-Study.pdf
SCM is a logical progression from internal management practices such as material requirements planning, enterprise resource planning and customer relationship management. :D
ReplyDeleteSupply chain management is the management of the flow of goods and services.
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ReplyDeleteYes. It's the total process from customer order placement to customer delivery. But if forwarders or logistic providers fail to meet the shipments on time it would affect to the business.
ReplyDeleteHow to overcome those tragic situations which are beyond manufactures control?
Yes this is true.It is how value generating in the total process of the business
DeleteSupply chain management is necessary to the foundation and infrastructure within societies. SCM within a well-functioning society creates jobs, decreases pollution, decreases energy use and increases the standard of living. Two examples of the effect of SCM within societies include:
ReplyDeleteMost of the recent SCM literature focused on the purchasing function, stating that it was a basic strategic business process, rather than a specialized supporting function It was a management philosophy that extended traditional internal activities by adopting an inter-enterprise scope, allowing trading partners together with the common goal of optimization and efficiency.
ReplyDeleteSupply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer
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ReplyDeleteSCM flows can be divided into 3.
ReplyDelete1. The product flow
2. The information flow
3. The finance flow
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