Supply Chain Management Overview
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is management of the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination.

Supply Chain Management

is a network of suppliers, manufacturers, assemblers, supply and delivery centers, and logistics installations that perform functions such as material sourcing, processing, and shipment to buyers of those materials of an intermediate or finished product.

Supply Chain

Supply chain management (SCM) integrates stakeholder integration between the client and the provider.

Integrated behavior

In particular for planning and surveillance processes, an efficient SCM exchange of informati0on between channel participants is needed.

<p>Mutually Sharing Information</p> Signup and view all the answers

Effective SCM often includes reciprocal channel risks and incentives to have a competitive benefit. The long-term emphasis and coordination between supply chain participants should be risk-sharing and rewards-sharing.

<p>Mutually Sharing Channel Risk and Rewards</p> Signup and view all the answers

The successful SCM requires cooperation between the channel participants. Cooperation refers to the company’s coordinated, identical, or complementary operations in an enterprising relationship, in order to achieve collectively reckoned, superior results.

<p>Cooperation</p> Signup and view all the answers

Supply chain is effective where all supply chain members serve consumers with the same objective and concentration. A mode of policy convergence has the same aim and focal point for supply chain members.

<p>Focus on Servicing Customers</p> Signup and view all the answers

Implementing SCM requires the convergence of systems from the supply chain to production and delivery. Integration can be achieved under cross-functional conditions, by staff of plant suppliers and serices provided by third parties.

<p>Integration process</p> Signup and view all the answers

The objective of successful partnerships is to merge channel policies to reduce duplication and overlap in the search for a degree of cooperation that makes partners more efficient at lower costs. Integration of policies is possible if the chain members have clear cultures and management strategies.

<p>Partners to Build and Maintain Long-term Relationship</p> Signup and view all the answers

refers to the process of predicting demand, supply or pricing for a product.

<p>Forecasting</p> Signup and view all the answers

a demand planning process that deals with a large number of individual demand items. A demand plan is a plan for the provision of goods and or services to satisfy demand in a given area.

<p>Aggregate Planning</p> Signup and view all the answers

is the process by which a firm decides how much to charge customers for its goods and services. Pricing affects the customer segments that choose to buy the product, as well as influencing the customer’s expectations.

<p>Product Pricing Planning</p> Signup and view all the answers

is an integral part of a company’s supply chain management strategy, alongside order management, accounting, warehouse operations, and customer management. inventory planning involves forecasting demand and deciding, exactly how much inventory and when to order.

<p>Inventory Management Plan</p> Signup and view all the answers

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