What is the supply chain management quizlet?

Supply Chain Management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability. Operations Management. Forecasting, Capacity Planning, Scheduling, Maintaining inventory, assuring quality, and motivating and training.

What are the 5 elements of supply chain management?

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns. The planning phase refers to developing an overall strategy for the supply chain, while the other four elements specialize in the key requirements for executing that plan.

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 4 main functions of SCM?

The five functions of supply chain management include the following:

Purchasing. The first function of supply chain management is purchasing.
Operations.
Logistics.
Resource Management.
Information Workflow.

What is supply chain management and why is it important quizlet?

Why is the Supply Chain so Important? The Process of planning, implementing and controlling supply chain operations. Managing flow of information through supply chain in order to attain the level of Synchronization that will make it more responsive to customer needs while lowering costs.

What is supply chain management and what are its benefits quizlet?

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Tap the card to flip