Supply Chain Management
Supply chain management (SCM) is the management of a network of interconnected businesses
involved in the provision of product and service packages required by the end customers
in a supply chain. 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.
Another definition is provided by the APICS Dictionary when it defines SCM as the
"design, planning, execution, control, and monitoring of supply chain activities
with the objective of creating net value, building a competitive infrastructure,
leveraging worldwide logistics, synchronizing supply with demand and measuring performance
globally."
A supply chain, as opposed to supply chain management, is a set of organizations
directly linked by one or more of the upstream and downstream flows of products,
services, finances, and information from a source to a customer. Managing a supply
chain is 'supply chain management' (Mentzer et al., 2001) Supply chain management
software includes tools or modules used to execute supply chain transactions, manage
supplier relationships and control associated business processes.
Supply chain event management (abbreviated as SCEM) is a consideration of all possible
events and factors that can disrupt a supply chain. With SCEM possible scenarios
can be created and solutions devised. In many cases the supply chain includes the
collection of goods after consumer use for recycling. Including 3PL or other gathering
agencies as part of the RM re-patriation process is a way of illustrating the new
end-game strategy.
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