A supply chain involves a series of steps involved to get a product or service to the customer. The steps include moving and transforming raw materials into finished products, transporting those products, and distributing them to the end-user.

What are supply chain concepts?

A supply chain involves a series of steps involved to get a product or service to the customer. The steps include moving and transforming raw materials into finished products, transporting those products, and distributing them to the end-user.

What is a supply chain PDF?

definition, the supply chain encompasses processes that cover a broad range of activities. including sourcing, manufacturing, transporting, and selling physical products and services. Life cycle refers to both the market life cycle and the usage life cycle and these are not the. same for durable goods and services.

What are the main concepts between supply chain and logistics?

Supply chain management is an overarching concept that links together multiple processes to achieve competitive advantage, while logistics refers to the movement, storage, and flow of goods, services and information within the overall supply chain.

What are the 3 main flow of supply chain management?

There are three types of main flows that happen in any supply chains: flow of materials/goods, flow of money/cash, and flow of information.

What are the 4 main functions of SCM?

Core Functions of SCM

  • Management of suppliers.
  • Management of Raw Material.
  • Transportation Management.
  • Information Management.
  • Tracking and Monitoring.
  • Cost Management.
  • Inventory Management.
  • Distribution and Return Management.

What are the main objectives of supply chain?

SCM’s primary goal is to keep a firm afloat and ultimately to drive it to success. Other objectives of SCM include improving efficiency and quality, minimising costs, optimising delivery and distribution and providing the best possible experience to your customers.

What is the most important part of supply chain?

Production is one among the most important aspects of this system. It is only possible when all the other components of the supply chain are in tandem with each other. For the process of production to start it is essential that proper planning and supply of goods, as well as the inventory, are well maintained.

What are the steps in supply chain?

Planning. Planning is paramount.

  • Sourcing. Sourcing revolves around the picking process of the suppliers who can produce the goods and services to meet the specific demand.
  • Making.
  • Delivering.
  • Returning.
  • Verdict.

    • What are the basic principles of Supply Chain Management?

    Supply chain concepts and technology

  • Customer relations and customer service operations
  • Manufacturing and service operations
  • Order and inventory management
  • Procurement and supply management
  • Demand planning
  • Warehousing and transportation operations

    • What are the components of a supply chain?

    Customers: The customer forms the focus of any supply chain.

  • Retailers/Distributors: The retailer acts as a link between the customer and the distributor/manufacturer.
  • Manufacturers: The manufacturer plays a key role in deciding the structure of supply chain.

    • What are the 8 key supply chain processes?

    – On-time delivery – Scrap rates, reworks and similar issues at suppliers – Final product quality (as received by end customers) – Time for complaint resolution – Findings from supplier quality assessments