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Supply chain management class lectures_250375874-Supply-Chain-Management

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Supply chain management From Wikipedia, the free encyclopedia This article has multiple issues. Please help improve it or discuss these issues on the talk page. This article needs additional citations for verification. (August 2009) This article appears to contain a large number of buzzwords. (July 2011) For the journal, see Supply Chain Management (journal). Supply chain management managing complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011) Supply chain management (SCM) is the management of an interconnected or interlinked between network, channel and node businesses involved in the provision of product and service packages required by the end customers in asupply chain.[2] Supply chain management spans the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. It is also defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally."[3] SCM draws heavily from the areas of operations management, logistics, procurement, and information technology, and strives for an integrated approach.[4] Contents [hide]  1 Origin of the term and definitions  2 Problems addressed  3 Functions  4 Importance  5 Historical developments o 5.1 Creat ...
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