One click search on google.com shall get you hundred nos. of definition of supply chain management. As it differs with experience & approach with requisite results. Couple of relevant definitions are compiled.
Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). 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 (supply chain).
Source: Wikipedia.orgSupply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies. It is said that the ultimate goal of any effective supply chain management system is to reduce inventory (with the assumption that products are available when needed)
Source:Manufacturing ERP.comA supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm.
Source: Mr. Ram Ganeshan, Penn State University. SCM is from supplier's supplier to customer's customer management of information flow, physical flow and cash flow to earn money for a business entity by satisfying customer with safety, good quality/service and competitive cost.
"A supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains"
Source: supplychainmanagement.in
All writers, engineers & managers do have different definitions of the subject. But in nutshell it is concluded like:
A set of approaches/procedures used to efficiently integrate all the direct/indirect resources used in running of a business successfully like.
a) Suppliers
b) Manufacturers
c) Warehouses
d) Distribution Centres
So that requisite final product is produced or manufactured or assembled & distributed
a) In the right quantities
b) In the right locations.
c) In the right time.
d) In the right price.
-
Regards,
Paresh
Jayem Logistics provides robust and specialized high-tech solutions to add value to your business, thus making it the largest inventory management in India.
ReplyDeleteTop logistics service provider in India
This comment has been removed by the author.
ReplyDeleteNo doubt this is an excellent post there is almost everything to read. BCI delivers Supply Chain Management Software for real time visibility of your complete supply chain along with a dashboard of actionable intelligent information.
ReplyDelete
ReplyDelete3D Educators offers a comprehensive Diploma in Supply Chain Management, which includes 72 hours of training conducted by APICS Certified Trainers. This all-in-one program covers various aspects of the supply chain, including procurement, supply, inventory management, production planning, logistics, and warehousing. Diploma in supply chain training in pakistan
Thanks for the Information
ReplyDeleteSupply chain management is a broad variety of plans that must be put into action to ensure a proper flow of goods from the business to the customers. These plans are controlled beginning with the product's raw materials and continuing through delivery to the customer's doorstep and product return.
In other words, it involves managing the numerous systems that a business uses to deliver goods and services to clients. It depends on how big a company or organization is. It might be simple or complex in this way depending on how many products a company manufactures and delivers.Visit us
Supply Chain Management Software
Conveyor Chain Manufacturers
ArmstrongItd
Nice Information
ReplyDeleteBusinesses may monitor and manage their whole supply chain, from sourcing and inventory to manufacturing and distribution, with the help of SCM software. Organizations are able to make data-driven decisions, improve efficiency, and react rapidly to shifting market dynamics with the help of SCM software because of its ability to streamline processes, automate operations, and facilitate smooth cooperation across stakeholders
Contact us for
Supply Chain Management Software
Supply Chain Management Software
Elevate your supply chain performance with Knowledgetics Research, a leading player among supply chain consulting companies. Our team of experts brings a wealth of industry knowledge and strategic insights to the table, helping businesses of all sizes achieve sustainable growth and competitive advantage. Trust Knowledgetics Research to deliver innovative solutions tailored to your unique needs and drive lasting success in the ever-evolving world of supply chain management.
ReplyDelete