MANAGE THE TOTAL SUPPLY CHAIN SYSTEMS FOR COMPANIES

managing supply chain systems picture

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials,information and financial capital in the areas that broadly include, sourcing,production, inventory and warehousing, transportation and logistics –and return for excess or defective products. Both business strategy and specialized supply chain software are used in these endeavors to create a competitive advantage.

Supply chain management is an expansive, complex undertaking that relies on each partner — from suppliers to manufacturers and beyond — to run well. Because of this, effective supply chain management also requires change management, collaboration and risk managementto create alignment and communication between all the entities.