Fundamentals Of Supply - Chain Management ((better))

Supply Chain Management (SCM) is the systemic coordination of activities that transform raw materials into finished products and deliver them to the end consumer

A. Planning

This is the strategic portion of SCM. Companies need a strategy for managing all the resources that go toward meeting customer demand. Planning involves: fundamentals of supply chain management

3. The 5 Basic Components of SCM (Council of SCM Professionals)

| Component | Description | |-----------|-------------| | Plan | Demand forecasting, supply planning, inventory strategy, production scheduling. | | Source | Supplier selection, negotiation, purchasing, supplier relationship management. | | Make | Production, manufacturing, assembly, quality control, packaging. | | Deliver | Order management, warehousing, transportation, distribution, last-mile delivery. | | Return | Reverse logistics: handling returns, repairs, recycling, and disposal. | Supply Chain Management (SCM) is the systemic coordination

The foundational stage where companies forecast customer demand and develop strategies to balance production and inventory levels efficiently. Planning involves: 3