supply chain 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 ?
Grounding supply chain management in resource-advantage theory.
In June, the New York Times quoted Waller, a professor Who holds the Garrison Endowed Chair in Supply Chain Management, in an article about how retailers are using data in innovative ways in the supply chain.
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Logistics and Supply Chain Management 2007 is produced by Wellesley Information Services (WIS), the publisher of SAP Insider and SAP Professional Journal with permission from SAP AG.
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i2's innovative supply chain management tools and services are pervasive in a wide cross-section of industries; 20 of the AMR Research Top 25 Global Supply Chains belong to i2 customers.
With more than 100 other customer-driven educational sessions, the ASUG Supply Chain Management Forum provides SAP customers with a unique opportunity to collaborate with other industry leaders, share strategies on how to maximize their investment in SAP technologies, and learn how to optimize their supply chains to enable real business transformation.
With more than 100 customer-driven educational sessions presented by ASUG and SAP, the ASUG Supply Chain Management Forum is a premier event for supply chain management and supplier relationship management.
PITTSBURGH -- CombineNet announced today that the company is a Preferred Sponsor of the Council of Supply Chain Management Professionals (CSCMP) 2006 Annual Conference, the largest educational event for supply chain management professionals.
Enporion, the leading provider of sourcing and procurement services for energy and other industries, today announced that it has been ranked among the top 100 supply chain management companies in the country by Supply & Demand Chain Executive magazine.
Supply Chain Execution applications will help drive growth in the Supply Chain Management market.
SeeControl, the leader in on-demand inventory control, visibility, and intelligence, today announced that company President and CEO Garrett Gafke will be a keynote speaker at this year's Stanford Global Supply Chain Management Forum scheduled for Thursday, June 8.

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