What are supply chain concepts?

A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.

What are the 7 principles of SCM?

Adapt Supply Chain to Customer's Needs.
Customize Logistics Network.
Align Demand Planning Across Supply Chain.
Differentiate Products Close to Customer.
Outsource Strategically.
Develop IT that Support Multi-Level Decision Making.
Adopt Both Service and Financial Metrics.

What are the 5 basic steps of supply chain management PDF?

Supply management is made up of five areas: supply planning, production planning, inventory planning, capacity planning, and distribution planning.

What are the 4 main areas of supply chain?

Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.07-Dec-2021

What are the 3 basic supply chain?

There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The Product Flow – The product flow involves the movement of goods from a supplier to a customer. This supply chain management flow also concerns customer returns and service needs.28-Feb-2022

What are the four 4 stages of supply chains?

What are the components of your supply chain you should be focusing on right now?

INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage.
OPERATIONS.
PURCHASING.
DISTRIBUTION.

What are the 8 supply chain processes?

The Supply Chain Management Process includes the building blocks of Supply Chain Management are Strategic Planning, Demand Planning, Supply Planning, Procurement, Manufacturing, Warehousing, Order Fulfillment and Transportation business processes.

What is logistic principle?

Therefore logisticians must understand and apply logistics Principles in managing logistics support, Logistics principles has eight principles those are : Logistics Intelligence, Objective, Generative logistics, Interdependence Simplicity, Timeliness, Forward Impetus and Security.

What are the major drivers of SCM?

Five supply chain drivers, Production, Inventory, Location, Transportation, and Information, influence the performance of the supply chain. Companies can develop and manage these drivers to emphasize the ideal balance between responsiveness and efficiency, depending on your business and financial requirements.

What are the five parts of SCM?

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.

What are the 5 primary activities of SCM?

The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.31-Aug-2020

What are the 10 key elements of supply chain management?

What are the 10 Basic Elements of Supply Chain Management?

Integration. Every business needs strategic planning for the better functioning of operations.
Operations.
Purchasing.
Distribution.
Agility.
Innovation.
Performance Measurement.
Alignment.

What are the 6 types of supply chain management?

Here are six types of supply chain models that can drive supply chain management for a business:

Continuous Flow. This is one of the most traditional models on the list.
Fast chain. The fast chain model is one of the new names in supply chain strategies.
Efficient Chain.
Agile.
Custom-configured.
Flexible.

What is supply chain life cycle?

In short, a supply chain life can be separated into three stages: 1) formation, 2) operation and 3) extinction. Each step is critical to the next step, even extinction is critical to the next formation and the overall success for the supply chain and the overall continuity of the business.09-Oct-2008

What are the six drivers of supply chain excellence?

These drivers are; Facilities, Inventory, Transportation, Information, Sourcing and pricing.

How many pillars are in supply chain?

three pillars

What are the objectives of SCM?

The following are the 7 most important objectives of Supply Chain Management.

Improving Efficiency.
Improving Quality.
Optimising Transportation and Logistics.
Reducing Costs.
Enhancing Customer Satisfaction.
Improving Distribution.
Maintaining Better Coordination.

What are the pillars of logistics?

There are five elements of logistics:

Storage, warehousing and materials handling.
Packaging and unitisation.
Inventory.
Transport.
Information and control.

What are the SCM decision phases?

For this reason, a decision support system is hereby proposed to be able to pool data from the 3 main decision phases of a Supply Chain Management, namely: (1) supply chain design (Strategy) phase, (2) decision in supply chain management (Planning) phase, and (3) operational level (Operation) phase.11-Jun-2018

What is the most important part of supply chain?

Production is one among the most important aspects of this system. It is only possible when all the other components of the supply chain are in tandem with each other. For the process of production to start it is essential that proper planning and supply of goods, as well as the inventory, are well maintained.

What are supply chain strategies?

A supply chain strategy explains how a company will bring goods into the business and get them out to customers as effectively as possible. Considering every phase in the supply chain, such as sourcing goods, logistics and delivery, the strategy optimizes operations to reduce costs and maximize profits.13-Apr-2022

What are supply chain concepts?