Recap: Supply
Chain Management
Class:
Rev. Dennis Mcnamara
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From
the above mention class, our group has agreed to select this topic
to be our recap. Therefore,
we have searched more details of the Supply Chain Management as
follows: A
supply chain is made up of the interrelated organizations,
resources, and processes that create and deliver products and
services to end customers. A
supply chain encompasses all the facilities, functions, and
activities involved in producing and delivering a product or
service, from suppliers to customers. It includes planning and managing supply and demand;
acquiring materials; producing and scheduling the product or
service; warehousing, inventory control, and distribution; and
delivery and customer service.
Supply
Chain Management coordinates all these activities so that customers
can be provided with prompt and reliable service of high-quality
products at the least cost. Successful
supply chain management in turn can provide the company with a
competitive advantage. Facilities
along the supply chain include plants, warehouses, distribution
centers, service centers, and retail operations.
Products and services can be distributed by rail, truck,
water, air, pipeline, computer, mail, telephone, or in person. Processes within the supply chain include forecasting of
product or service demand, selecting suppliers (sourcing) and
ordering materials (procurement),
inventory control, scheduling production, shipping and
delivery, information management, quality management, and customer
service. Managing the
supply chain is tantamount to coordinating all the operations of a
company with the operations of its suppliers and customers.
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