Supply chain management (SCM) is the active management of all activities involved in the production of a product to maximize customer value and achieve a sustainable competitive advantage.
Supply chain activities cover everything from product development, sourcing, storage/warehousing, production, and logistics, as well as the information systems needed to coordinate these activities. Typically, SCM attempts to centrally control or link the production, shipment and distribution of a product. Efficient management of the supply chain helps companies to cut excess costs and deliver products to the consumers faster.
We can break Supply Chain down as follow:
Procurement/Purchasing ==> This involves sourcing of right quality and quantity materials from the right source, at the right cost and at the right time.
Warehousing ==> This includes storage of inventories - to be used in production line, work in progress and finished goods - awaiting delivery to the consumers
Logistics ==> This involves transportation and distribution of finished products to the consumers
Any aspiring professionals can pursue a career in Procurement, Warehousing, Transport & Logistics or Supply Chain
We will break each element down in our subsequent posts
A forum for Purchasing & Supply Management professionals.
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