Supply Chain Management: What is it?
- Topics:
- Logistics Planning,
- Sourcing
- Source:
- Reed Elsevier
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Overview: The concept of supply chain management was invented in the 1980s at Chrysler Corp.The shock troops of SCM were—and are today—suppliers who become long-term partners and integral parts of design and product development. it is basically a customer-driven. That is, the supply chain responds as efficiently as possible to customer requirements, and is established in order to meet those requirements rapidly, accurately, with no waste and with zero defects. Where supply chains can fall down in practice is accurately gauging customer demands and communicating those well throughout the supply chain. Logistics and product distribution are a critical part of supply chain management, but the really big payoffs are in optimized demand forecasting, supplier management, and product development. The battle against supply chain complexity starts with a process that makes sure design engineers make decisions cognizant of their impact on the entire supply chain.
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Format: HTML | Date: Sep 2003 | Pages: 1
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