Supply Chain Management
Supply chain management (SCM) is the management of the flow of goods and services. It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.
As organizations strive to focus on core competencies and become more flexible, they reduce their ownership of raw materials sources and distribution channels. These functions are increasingly being outsourced to other firms that can perform the activities better or more cost effectively.
Supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage.
Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities.
The organizations that make up the supply chain are “linked” together through physical flows and information flows. Physical flows involve the transformation, movement, and storage of goods and materials. Information flows allow the various supply chain partners to coordinate their long-term plans, and to control the day-to-day flow of goods and material up and down the supply chain.
Supply chain management can bring immense changes in your business scope & progress. The benefits of supply chain management software are as follows :
- Higher Efficiency Rate
- Reduce Cost Effects
- Raise Output
- Raised Your Business Profit Level
- Boost Cooperation
- Lowers Delay in Processes
- Enhanced Supply Chain Network