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Supply chain management

Supply Chain Management (SCM) has been a popular buzzword since the mid 1990s, and has had many variations of definition by many experts. It's now buzzed over to CANTECH and is the topic of debate at the weekly analysts' meeting. What is your definition of Supply Chain Management?

Objective: Conduct a work process improvement analysis and make recommendations for improvement in various areas of the supply chain. Use effective communication techniques.

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Let's take a closer look through discussion, definition and example for you to consider in conducting your final work process improvement strategies.

RESPONSE:

1. Supply Chain Management (SCM) has been a popular buzzword since the mid 1990s, and has had many variations of definition by many experts. It's now buzzed over to CANTECH and is the topic of debate at the weekly analysts' meeting. What is your definition of Supply Chain Management?

There is no consensus on a definition of Supply Chain Management (SCM).

One way of looking a Supply Chain Management includes the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. However, it also includes coordination and collaboration with channel partners. Channel partners include suppliers, intermediaries, third-party service providers, and customers. To simplify this definition, Blanchard (2007) proposed that SCM is simply from--dirt to dirt--which is sometimes literally, as he gives an example of a farmer planting the seeds, to selling the products to customers. It involves all the processes between. In other ...

Solution Summary

Referring to CANTECH, this solution ecplores the definition and elements of the concept "Supply Chain Management".

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