Supply Chain Management

Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage.

Our Supply Chain Management Solutions

Are Designed to Optimize Your Customer Lifecycle & Experience

It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible.Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities.

What Is A Supply Chain Management?

Supply chain management is as much a philosophical approach as it is a body of tools and techniques, and typically requires a great deal of interaction and trust between companies to work. For right now, however, let’s talk about three major developments that have brought SCM to the forefront of management’s attention.

Why Do You Need To Know About Supply Chain Management?

Guide the selection of supply chain partners, including suppliers, subcontractors, transportation providers, and distributors.

Help managers understand how the firm will provide value to the supply chain.

Identify what supply chains the firm wants to compete in.

Increased competition and globalization in today’s markets

In the early 1960s when computers were first developed, a mainframe computer filled an entire room.

Organizations are moving towards a concept known as electronic commerce.
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One Solution Increased Competition and Globalization

The second major trend is increased competition and globalization of businesses. The rate of change in markets, products, and technology is increasing, leading to situations where managers must make decisions on shorter notice, with less information, and with higher penalty costs. New competitors are entering into markets that have traditionally been dominated by “domestic” firms.




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Management

The information revolution has given companies a wide range of technologies for better managing their operations and supply chains.

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The Information

Wal-Mart’s ability to send daily sales information to its suppliers is just one example.

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Physical Flows

Physical flows involve the transformation, movement, and storage of goods and materials.

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Information Flows

Information flows allow the various supply chain partners to coordinate their long-term plans, and to control.

The information revolution has given companies a wide range

To avoid such problems, firms must manage the relationships with their upstream suppliers as well as their downstream customers. In many American industries, strong supply chain relationships like those found Japan might not develop readily. Firms are often geographically distant, and there are not as many small, family-owned suppliers as in Japan. In the case of high-tech firms, many components may be sole-sourced from overseas suppliers who are proprietary owners of the required technology. In such environments, it becomes more important to choose a few, select suppliers, thereby paving the way for informal interaction and information sharing.
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