What is Supply Chain Management (SCM)

Network of facilities and distribution options that performs product development activities to transform these into intermediate and finished products and distribute them to customers.

Software systems for procurement of materials, transformation of the materials into products, and distribution of products to customers, allowing the enterprise to anticipate demand and deliver the right product to the right place at the right time at the lowest possible cost to satisfy its customers.

The process of strategically managing flows of goods, services and knowledge, along with relationships within and among organizations, to realize greater economic value.

SCM tries to improve the flow of materials, information, and financial resources within the company and among collaborating companies by sharing information, by concerted planning and scheduling, by coordinated execution, and by concerted monitoring and controlling to raise the competitiveness of the entire supply chain.

A supply chain consists of a network of key business processes and facilities involving end-users and suppliers that provide products, services, and information.

An integrated approach to planning, implementing and controlling the flow of information, materials and services from raw material and component suppliers through the manufacturing of the finished product for ultimate distribution to the end customer. It includes the systematic integration of processes for demand planning, customer relationship collaboration, order fulfillment/delivery, product/service launch, manufacturing/operations planning and control, supplier relationship collaboration, life cycle support, and reverse logistics and their associated risks.

Although in general terms it involves the management of goods, normally it includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin/manufacturing to end customers. It is very important as it involves the provision of products and services. It might involve a complex competitive infrastructure, complex logistics and the synchronization of the demand and supply. It involves the integration of different organizational areas as operations, logistics, procurement and strategy.

An integrated function which encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities.

The process of strategically managing flows of goods, services and knowledge, along with relationships within and among organizations, to realize greater economic value.

Although in general terms it involves the management of goods, normally it includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin/manufacturing to end customers. It is very important as it involves the provision of products and services. It might involve a complex competitive infrastructure, complex logistics and the synchronization of the demand and supply. It involves the integration of different organizational areas as operations, logistics, procurement and strategy.

The process of strategically managing flows of goods, services and knowledge, along with relationships within and among organizations, to realize greater economic value.

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. SCM can help to 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.

Supply chain management is the practice of coordinating the flow of goods, services, information and finances as they move from raw materials to parts supplier to manufacturer to wholesaler to retailer to consumer.

Alignment of organization that bring products to the market, demanding the establishment of a network of organizations involved, through linkages, in processes and activities that produce value to the consumer.

Management of the flow of goods, data, and finances related to a product or service, from the manufacturer or service provider to the final destination.

The process of strategically managing flows of goods, services and knowledge, along with relationships within and among organizations, to realize greater economic value.

The planning, organisation, coordination, and control of all supply chain activities through the cooperation of all organisations in the supply chain, with the ultimate goal of maximising the competitive advantage of the supply chain.

Managing the entire flow of actual goods and services from raw materials into final products/services to the ultimate customer. Includes all processes in that transformation and communication in both forward and reverse logistical services.

A management system that coordinates, integrates and controls the move of materials, information, and finances from supplier to manufacturer to wholesaler to retailer to consumer, in order to reduce inventory and increase the efficiency of the supply process.

The management of the flow of products through procurement, manufacturing, distribution, sales, and disposal.

Defined as managing flow of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.

It is the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. It also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers.

These software packages exchange information with supply chain partners to order and track the procurement of goods and services. SCM can be viewed in four basic categories (Davenport & Brooks, 2004): supply planning tools, demand planning tools, plant scheduling tools, and logistics systems. A newer functionality in SCM is collaborative planning, forecasting, and replenishment (CPFR). In CPFR, “supply chain partners exchange not only orders and shipment notices, but sales plans and production forecasts with each other, so that they can synchronize their respective processes more fully (p. 12).”

The strategic, tactical, and operational coordination of all the activities of the supply chain, aiming to improve the long-term performance of the individual units and the supply chain as a whole.

Is the broad range of activities required to plan, control and execute a product flow from its origin until its distribution to the final customer.

It involves coordinating and integrating the network of retailers, wholesalers, distributors, transporters, storage facilities, and suppliers that involve in the sale, delivery and production of a particular product or service, both within and among different organizations. It covers all movement and storage of raw materials, work-in-process inventory, and finished goods within and across different organizations.

Software systems for procurement of materials, transformation of the materials into products, and distribution of products to customers, allowing the enterprise to anticipate demand and deliver the right product to the right place at the right time at the lowest possible cost to satisfy its customers.

The management process involving the planning, implementing and controlling of a portfolio of assets (human, equipment, components, etc.) and relationships (customers, suppliers, staff, etc.) to transform a customer’s product from raw material to finished product as efficiently and effectively as possible.

The planning, scheduling and control of the supply chain.

SCM is the integration of business processes from the end user to the original (primary) suppliers that provide products, services and information that add value to customers and stakeholders.

Set of managerial philosophies and processes which effectively align firms through the establishment of linkages between organizations aiming at bringing products and services to the market capable of producing added value to the consumer.

These software packages exchange information with supply chain partners to order and track the procurement of goods and services. SCM can be viewed in four basic categories ( Davenport & Brooks, 2004 ): supply planning tools, demand planning tools, plant scheduling tools, and logistics systems. A newer functionality in SCM is collaborative planning, forecasting, and replenishment (CPFR). In CPFR, “supply chain partners exchange not only orders and shipment notices, but sales plans and production forecasts with each other, so that they can synchronize their respective processes more fully.”

The management of the flow of goods, services, financials and information across the interconnected business network of companies.

Defined as managing flow of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.

Managing the entire flow of actual goods and services from raw materials into final products/services to the ultimate customer. Includes all processes in that transformation and communication in both forward and reverse logistical services.

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 management philosophy focusing on planning and managing effectively and efficiently in collaboration with suppliers and customers all the activities involved in the sourcing, procurement and conversion of materials to final products.