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

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 is supply chain management in PDF?

Supply Chain Management can be defined as the management of flow of products and services, which begins from the origin of products and ends at the product's consumption. It also comprises movement and storage of raw materials that are involved in work in progress, inventory and fully furnished goods.

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 pillars of SCM?

The five pillars of supply chain resilience

• Pillar 1 – Vulnerability.
• Pillar 2 – Management Culture.
• Pillar 3 – Procurement.
• Pillar 4 – Operations.
• Pillar 5 – Demand & Visibility.

What are the four 4 stages of supply chains?

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. Communicating and collaborating with all parties is a business strategy that eliminates errors and saves money.07-Dec-2021

What are the 3 types of supply chain strategies?

Supply chain management operates at three levels: strategic, tactical, and operational.12-Dec-2019

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 is the concept of SCM?

Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.

What are the steps 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 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 are the objectives of supply chain management?

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 is logistics and SCM?

Logistics focuses on the movement and storage of items in the supply chain. Supply chain management (SCM) is more comprehensive, covering all of the coordination between partners that have a role in this network, including sourcing, manufacturing, transporting, storing and selling.25-Jul-2022

What are the 5 principles of procurement?

5 Procurement Principles UN Staff Members Should Know

• Best value for money.
• Fairness, integrity, and transparency.
• Effective international competition.
• The interest of the Contractor.
• Client centricity.

What is the difference between supply chain management and procurement?

Procurement is the process of getting the goods and materials your company needs, while supply chain management is the process of transforming those goods into products and distributing them to customers as efficiently as possible.28-Mar-2021

How many pillars are in supply chain?

three pillars

What are the 4 main functions of SCM?

Distribution

• Aligning distribution flows.
• Integrating the functions from manufacture to delivery.
• Designing complex and advanced systems.
• Managing and coordinating resources.

What are the 4 elements of supply?

Supply chains are composed of four major elements: procurement, operations, distribution, and integration.

What is supply chain life cycle?

For each supply chain capability, the life cycle includes inception; design and launch (physical, financial and digital); use for delivery of customer perfect orders; tracking of performance; refinement; and, ultimately, retirement of the processes, structures and governance related to that capability.

What are the types of supply chain models?

Six Types of Supply Chain Models

• The Continuous Model.
• The Fast Model.
• The Efficient Model.
• The Agile Model.
• The Custom-Configured Model.
• The Flexible Model.
• About IDB.
• FB.

What are the 6 supply chain Strategies?

6 Strategies for a More Resilient Supply Chain

• Overview.
• CSCO: Chief Supply Chain Officer.
• Supply Chain Customer Fulfillment & Collaboration.
• Digital Supply Chain Operations and Technology Solutions.
• Supply Chain Logistics Management and Leadership Strategy.
• Supply Chain Manufacturing Operations & Strategy.

What are the 3 important aspects of supply?

Generally the key aspects of Supply Chain management are Purchasing (sourcing), Planning (scheduling) and Logistics (delivery).30-Oct-2018

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