oboloo Glossary

Approaches Of Supply Chain Management

oboloo Glossary

Approaches Of Supply Chain Management

Supply chain management (SCM) is an interdisciplinary approach to planning, organizing and controlling the flow of materials, services, and information from suppliers to customers. The main focus of SCM is to ensure that customer demand is met at the lowest cost possible by designing and managing efficient flows of resources and information within a supply system. It includes activities such as supplier selection, procurement, production planning, inventory control, transportation and logistics, warehousing, customer service, and other supply chain-related tasks. By utilizing advanced technology, SCM can help companies reduce costs while increasing customer delight with more accurate and efficient processes.