Supply chain management

related topics
{company, market, business}
{theory, work, human}
{system, computer, user}
{rate, high, increase}
{group, member, jewish}
{acid, form, water}
{service, military, aircraft}
{math, energy, light}
{math, number, function}
{style, bgcolor, rowspan}

Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996).[1] Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption (supply chain).

Another definition is provided by the APICS Dictionary when it defines SCM as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally."



More common and accepted definitions of supply chain management are:

  • Supply chain management is the systemic, strategic coordination of the traditional business functions and the tactics across these business functions within a particular company and across businesses within the supply chain, for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole (Mentzer et al., 2001).[2]

Full article ▸

related documents
Central bank
Loyalty program
Economy of Mexico
Economy of Cuba
Economic reform in the People's Republic of China
Big Four auditors
Stock exchange
American Telephone & Telegraph
Economy of Comoros
Planned economy
Economy of Peru
Islamic banking
Royal Dutch Shell
Economy of Singapore
Project management
Economic calculation problem
Economy of Uzbekistan
Economy of Oman
Economy of Haiti
Economy of Afghanistan
Commodity market
Economy of Morocco