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

Cheers!