Supply chain management (SCM) is the process of managing the flow of materials and information between suppliers and consumers. The goal of SCM is to ensure that the right products are delivered to the right place at the right time.
SCM (Supply Chain Management) aims to optimize the efficiency of the supply chain by reducing waste and improving speed, reliability, and visibility.
Traditional SCM systems, according to CIO, include five components:
1. Planning 2. Sourcing 3. Manufacturing 4. Logistics and delivery 5. Returning
1. Customer Relationship Management (CRM): 2. Flexibility and demand-driven production 3. Supply and demand synchronization:
1. Increased Productivity 2. Retention and Experience of Customers 3. Improved Risk Assessment 4. Relationships have improved 5. Cost-Effectiveness 6. Qualitative Enhancements 7. Lowers Legal Liabilities and Delays
1. Features of SCM 2. Collaborative 3. Cyber-awareness 4. Cognitively enabled 5. Comprehensive 6. Cloud-based
1. Wal-Mart 2. Coca-Cola Enterprises 3. Zara’s clothing 4. Walgreens Boots Alliance