According to the Council of Logistics Management supply chain is “the process of planning, implementing and controlling the efficient, cost-effective flow of raw materials, in process inventory, finished goods and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements.” In supply chains used by […]
Tag: Supply Chain Management
Supply Chain Operations Reference Model (SCOR)
Supply Chain Management involves coordinating, scheduling and controlling procurement, production, inventories and deliveries of products and services to customers. Improving efficiencies in supply chain management improves customer service, reduces costs and inventory cycle times. In 1996, Pittiglio Rabin Todd and McGrath and AMR Research developed SCOR (supply chain operations reference) model to analyze and describe […]
Components Of Supply Chain Management
Supply chain management (SCM) is the process of converting the raw materials in to a product or service and deliver it to customers. The following are five basic components of SCM. Planning: It is the strategic activity of SCM and the companies need a perfect planning for managing all the resources that meet the customers […]
Know About The Functions Of Supply Chain Management
Supply chain management is a cross functional approach which involves managing the movement of raw materials into an organization, internal processing of materials into finished goods, and the movement of finished goods out of the organization and towards the end consumer. The organizations are concentrating on the core competencies and they are outsourcing the activities […]