Description
Give a detailed summary of supply chain management
Explanation & Answer
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Supply chain
management
The supply chain
A network of:
Vendors (supply raw materials),
Producers (convert raw materials to products),
Warehouses (store products)
Distribution centers (deliver to retailers),
and retailers (supply to end-user)
Source: http://www.businessdictionary.com/definition/supply-chain.html
Definitions
SCM involves the; requisition, ordering, receipt, &
payment for supplies (Gapenski)
SCM is “the oversight of materials, information,
and finances as they move in a process from
supplier to manufacturer to wholesaler to
retailer to consumer” (Investopedia)...
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