supply chain management

(redirected from Supply chain event management)
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supply chain management

[sə′plī ‚chān ‚man·ij·mənt]
(industrial engineering)
An inventory process involving planning and processing orders; handling; transporting and storing all materials purchased, processed, or distributed; and managing inventories in a coordinated manner among all the players on the chain to fulfill customer orders as they arise rather than to build up stock level to fulfill anticipated future demand.

supply chain management

The planning, scheduling and control of the supply chain, which is the sequence of organizations and functions that mine, make or assemble materials and products from manufacturer to wholesaler to retailer to consumer. The driving force behind supply chain management (SCM) is to reduce inventory.

Dr. Roger D. Blackwell, professor of marketing at Ohio State University and author of the best-selling book, "From Mind to Market," says it very succinctly. "Supply chain management is all about having the right product in the right place, at the right price, at the right time and in the right condition." See supply chain system and demand chain management.


The Primer
"From Mind to Market" is must reading for supply chain management aficionados. Well written and to the point, Dr. Blackwell has a way with words: "Selling is getting rid of products you have, while marketing means having products you can get rid of." (HarperCollins, 1997, ISBN 0-88730-833-3)
References in periodicals archive ?
Proceeding on our belief that SCEM is a viable improvement technique, we present a Supply Chain Event Management Approach (called SCHEMA) for dealing with an event scenario like the one presented in Exhibit 2.
Under the terms of the agreement PeopleSoft will integrate its Supply Chain Management applications with the Supply Chain Event Management Suite from Vigilance.
She goes on to add, "Verano's eBusiness platform provides us with a key differentiator in this market -- a comprehensive set of capabilities to create solutions that incorporate all five facets of supply chain event management utilizing process management and automation, workflow, data extraction, data translation and a combination of communications protocols and EAI adapters inherent in our own technology.
Dynamic planning, ever responsive to changing circumstances, forms the foundation for the new supply chain software known as supply chain event management (SCEM).
Fulfillment issues are being addressed by Supply Chain Event Management (SCEM) applications providing inventory visibility into product availability and order status across a corporate supply chain.
Topics on tap range from ergonomics and supply chain event management to automated in-process manufacturing and assembly solutions.
Is supply chain event management (SCEM) the next best thing to supply chain perfection?
We think a lot of the real growth in the future is going to come from applications that complement the core, like transportation management, supply chain event management, labor management, collaboration, and even some planning.

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