What Is Supply Chain Management?


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Anish Chandy Profile
Anish Chandy answered
Supply chain management has come up in leaps and bounds over the past few years. It used to be perceived as one of the more drearier areas of management until sometime ago.

Supply chain management refers to the management of the movement of goods from the vendor to the eventual consumer. It also takes production into account. Some of the pioneers in the area of supply chain management and logistics have been Demming and Toyota Corporation.

Supply chain management or SCM as it is known all over the world has become a key differentiator in many industries. The number one reason is that companies want to keep costs down and pass on the benefits to the end consumer. This eases of the pressure on volumes and companies do not feel the top line pressure. Some of the key innovations in the area of SCM has come from the auto companies in Japan.
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Anonymous commented
Supply chain management (SCM) refers to the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers.
Supply chain management 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.
Jordan Park Profile
Jordan Park answered

Supply Chain Management is the umbrella that covers all parts of the sourcing and acquisition of goods. It forms and manages the business-to-business interfaces that contemplate a conclusive offer of goods to purchasers. Supply Chain Management is working as effective as and generating the highest level of customer satisfaction at the lowest cost.

Muser Pvt Ltd Profile
Muser Pvt Ltd answered

Supply chain management is the disregarding of stocks, fund and data from providers to maker to distributor to retailers to clients. The entire procedure extremely needs great systems for accomplishment in a path established before for good yield.

Supply chain management companies manage the flow of all goods and services, which involves the movement and storage of raw materials also.

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