The Core Diploma In Supply Chain Management

Supply-chain management consists of developing a strategy to organize, control, and motivate the resources involved in the flow of services and materials within the supply chain. A supply chain strategy, an essential aspect of supply chain management, seeks to design a firm’s supply chain to meet the competitive priorities of the firm’s operations strategy.

Mellat-Parast and Spillan (2014) defines supply chain management as the method of handling material and information moves from the beginning, through the organization, and to the end-user. This is a very important factor of organizational strategy.

Supply Chain Management (SCM) has been defined by Supply Chain Management Institute to be “the management of relationships in the network of organizations, from end customers through original suppliers, using key cross-functional business processes to create value for customers and other stakeholders”(SCM-Institute, 2016).

The average company spends nearly half of every dollar it earns on production needs—goods and services it needs from external suppliers to keep producing. A supply chain consists of all parties involved, directly or indirectly, in the procurement of a product or raw material. Supply chain management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.

Supply Chain Management is the integrations of the flows of products and materials, services, information, and financials through the entire supply pipeline from the supplier’s

The supply chain management basically involves processes and activities which are involved in the planning, organising, controlling and implementing the cost effective flow of goods from the point of origin to the point of consumption. The whole process will have different players like the supplier, manufacturer, distributor, retailers and the customers themselves as the end point of consumption. The supply chain has changed drastically over the years. This days they are very global in nature. Involving various complex interactions and flow of goods, data and funds between companies which are situated in different countries and continents. Even though the companies are spread across the world the manufacturing plants generally follow a similar structure which normally comprises of the suppliers, manufacturing plants, distributors, retailers, inbound and outbound logistics providers. There were a lot of challenges which arose because of the

According to Hugos (2013), The term Supply chain management arose in the late 1980s, and prior to that time, many business used terms such as operation management and logistics, and supply Chain management can be defined as :” A supply chain consist of all stages involved, directly or indirectly, in fulfilling a customer request. The supply chain not only includes the manufacturer and supplier, but also transporters, warehouses, retailers and customer themselves”

It includes the transformation of products from raw materials through to the delivery of the finished product; it conjointly includes the management of key info flows. Supply Chain Management involves the combination of those activities and aims to boost relationships between the varied parties, whereas achieving a property competitive advantage through prime quality and lower price merchandise. Provide Chain Management is closely connected with enterprise resource coming up with and electronic commerce

The supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It

Supply chain management simply means the management of flow of goods and services from the point of origin to the point of consumption. (wikipedia) It can be defined as the process of identifying, evaluating, procuring and managing the entire material cycle starting from the planning stage to the delivery of finished goods. It includes all parties directly or indirectly involved in fulfilling a customer request. Supply chains are very dynamic in nature as there is a constant flow of information, products and funds between different stages. (meindl)

Supply chain management (SCM) is the supervision of materials, information, and finances as they move in a process from supplier to manufacturer to retailer to the cessation consumer. There are three crucial flows of the supply chain: The product flow, the information flow and the finances flow. SCM involves coordinating and integrating these flows both inside and between

Cloud computing can give the ability of flexibly outsourcing software for supply chain management collaboration and its infrastructure. This advance is affecting the daily lives of consumers similarly to other technical breakthroughs such as the printing press, engines and personal computing. Further forward in space of the usual technology publicity, the worth of cloud computing is that it can be a right technology for supporting and managing a constantly changing and dynamic network and thus its best suitable for supply chain management. Supply chain management react on divergent and consolidated information flows, operational processes and interaction processes with a various number of

Supply Chain management is defined as the DESIGN, OPERATION, and IMPROVEMENT of the SYSTEMS that create and deliver the firm’s primary products and services. Like marketing and finance, OSCM is a functional field of business with clear line management responsibilities. OSCM is concerned with the management of the entire system that produces a product or delivers a service, such as a cellular phone account, involves a complex series of transformation processes.” (Jacobs and Chase 2014).

Global Supply Chain Management means the sourcing and procurement, conversion and all logistics management activities through the planning and management of all activities. It’s also considers the co-ordination and collaboration with channel partners including suppliers, intermediaries, third-party service provides and customers across the world.

As I have completed a Bachelor of Technology in Mechanical engineering and worked as a supervisor in an Industry which generally deals in manufacturing of rice mills and flour mills, I really had to struggle against managing supply chain as it was very difficult for me without proper knowledge of Supply chain management in dealing with purchasing of raw material from suppliers and giving product to clients. I could not understand what clients were demanding and how to fulfill their demands. First of all a big thanks to CQ University providing its students to get knowledge on all important topics which are helpful in their future career and I am one of them.