More info on Wikipedia
Quick Facts
- Supply chain management covers all stages from point of origin to consumption
- The process involves coordination with channel partners
- It integrates supply and demand
- Supply chain event management considers all possible factors that can cause disruption in a supply chain
- The term supply chain management was coined in 1980s by an American industry consultant
Expert summary
Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the supply chain efficiently. Supply chain management software (SCMS) is a business term which designates a range of software tools or modules used in supply chain transactions, the management of supplier relationships and in the control of associated business processes. Many SCMS often include forecasting. Then the attempt is made to balance the disparity between supply and demand by improving business processes and using algorithms and consumption analysis to provide a better management in the future. There is integration technology which allows organizations to trade electronically with supply chain partners. Supply chain management... Read moreRecommended content
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