ABOUT SUPPLY CHAIN MANAGEMENT
Supply Chain Management (SCM) refers to network of activities where the raw material is purchased and then transformed into usablv goods and finally delivered to customers through a sound distribution system. SCM is classified into product, information and financial flows. The flow of goods is under the product flow whereas the flow of message, orders and other data are under the information flow. The finance flow deals with flow of money including payment choice, payment schedule and much more. SCM is a vast subject and needs experience and implementation to understand it.
The concept of SCM can be viewed as systematized and planned co-ordination of business duties within an establishment and across organizations in the supply chain. SCM is used to exploit client value and accomplish sustainable goals or advantages. SCM includes sourcing, product development, production, logistics, information systems and much more.
The three components of SCM are mentioned below:
- Management Components: This includes a number of management components which stretch across business processes and the position of members in the supply chain.
- Business Processes: These processes help in planning, execution and controlling of working of SCM and the customer requirements.
- Network Structure: Businesses need to work in an organized manner so as to handle business relationships. This includes creating and maintaining the right network structure which incorporates the business plan of action.
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TOPICS COVERED UNDER SUPPLY CHAIN MANAGEMENT ASSIGNMENT HELP
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- INVENTORY MANAGEMENT:
- INENTORY OPTIMIZATION:
- MRO AND SPARE PARTS:
- WAREHOUSE MANAGEMENT:
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