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Supply Chain Management

Supply Chain Management (SCM) is the handling of the flow of goods and services from the raw <br>manufacturing through to its consumption by consumers. This process requires an organisation <br>to have a network of suppliers that serve as links in the chain to move the product through several <br>stages.<br>

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Supply Chain Management

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  1. What is Supply Chain Management? What is Supply Chain Management? Supply Chain Management (SCM) is the handling of the flow of goods and services from the raw manufacturing through to its consumption by consumers. This process requires an organisation to have a network of suppliers that serve as links in the chain to move the product through several stages. Why is Supply Chain Management Important? •SCM improves the financial position of an organization by delivering value linked to the organization's corporate strategy •It helps in reducing the operating costs from procurement activities, through operations and logistics, and throughout the whole supply chain What are the 6 components of SCM?

  2. Planning: Make vs buy decision to understand whether an organization will manufacture or buy domestically or internationally. Sourcing: Identifying, evaluating and building relationships with suppliers that will provide goods and services. Demand/Inventory: Managing inventory and manufacturing schedules to meet consumer demand. Production: Ensuring the right volumes and quality of production. Warehouse & Transportation: Storing and delivering the product effectively. Return of Goods: Ensuring an efficient returns process for customer satisfaction. How Does SCM Reduce Costs? There are several cost-effective benefits from SCM, the most obvious one being the freeing up of finances to be allocated where they are needed. Looking at how to reduce these costs encourages supply chain managers to take a holistic view of their chain, which provides the opportunity to identify methods of saving money through making their process more efficient.

  3. CONTACT US Address - PO Box 63 Dubai United Arab Emirates Email id - Info@worldlogisticspassport.com Phone No. - +971 8005 5555 Website - www.worldlogisticspassport.com/our-expertise/supply- chain-management

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