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 efficiency.
• There are four basic components of supply chain management:
▫Supply
chain strategy
▫Supply
chain partners
▫Supply
chain operation
▫Supply
chain logistics
There are 4 basic of supply chain management
Four
basic components of supply chain management
1.Supply chain strategy – strategy for managing all resources to
meet customer demand
2.Supply chain partner – partners throughout the supply chain
that deliver finished products, raw materials, and services.
3.Supply chain operation – schedule for production activities
4.Supply chain logistics – product delivery process
Wal-Mart
and Procter & Gamble
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