Title: Supply Chain Management and how it Enhances my Company.
August 12, 2013
Supply chain management (SCM) systems coordinate the movement of products and services from suppliers to customers (including manufacturers, wholesalers, and retailers).
These systems are used to manage demand, warehouses, trade logistics, transportation, and facilities, as well as the movement and transformation of materials on their way to customers.
SCM applications link people and organizations (and their activities) to information and resources. The ultimate goal is for all components of the chain to exchange information with maximum efficiency and effectiveness, in order to obtain best results for all parties.
A comprehensive SCM solution allows you to focus on and optimize key components of your supply chain operations:
• demand management
• order management
• warehouse management
• production and supply planning
• service parts planning
• supplier relationship management
• supply chain event management
• international trade logistics
• transportation management
The difference between managing these components effectively and mismanaging them can mean the difference between success and disaster.
Each level of the supply chain is described as a ‘tier’. There can be several tiers beneath the final supplier; some of these may also be suppliers to other companies operating in other supply chains.
Supply-Chain Management (SCM) is another aspect of Advanced Planning and Scheduling. It administers the flow of supplies, logistics, services and information through the supply-chain, from suppliers, manufacturers, sub-contractors, stores and distributors to customers and end-users. It involves business strategy, information flow and systems compatibility.
Benefits that can be accrued from supply-chain management include:
* Improved visibility of information between suppliers and customers: quicker response to changes...