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 ?
The Country Director of USAID Global Health Supply Chain Program, being managed by Chemonics International, Dr Muhammad Tariq, highlighted the importance of introducing supply chain management course and said that the program is working closely with the Health and Population Welfare departments to create functional synergies across the country to make the supply chain operations up the international standards.
Supply chain management contains all parties, from first demand to the final customers, including the inventory control and procurement of logistics in the companies [3].
The remainders of this paper are as follows, section 2 reviews the supply chain management and bibliometric method.
Others have suggested that supply chain management is broader than just managing goods and services.
Finally, transportation is at the center of many of the key social issues facing not only supply chain management but the country, in general.
In close collaboration with ALU, the VCU School of Business has developed a 30-credit hour MSCM program in its newly established Department of Supply Chain Management and Analytics.
Indeed, supply chain management is seen as one of the foundational blocks of corporate social responsibility.
"Statistical evidence continues to mount, suggesting companies with well-run supply chains continue to outperform other companies," notes the Council of Supply Chain Management Professionals, in Lombard, Ill.
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.
This article explores the evolution of the concept and considers the current state of supply chain management. In doing so, the literature associated with the supply chain management concept is examined.
M2 PRESSWIRE-September 2, 2019-: Supply Chain Management Software Market Seeking Excellent Growth | IBM, Infor, JDA Software
Summary: Global tech giant IBM has announced a new blockchain network to streamline supply chain management, according to Reuters.

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