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understanding the Role of supply_chain_management

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Supply chain management
Supply chain management (SCM) is the combination of art and science that goes
into improving the way your company finds the raw components it needs to make a
product or service and deliver it to customers.In many organizations, materials
form the largest single expenditure item, accounting for nearly 50 to 65 % of the
total expenditure. With competition growing by the day, cost reduction in business
operations and yet making available various products to customers, as per their
requirement, come into sharp focus. Maintaining a flawless supply chain across all
its operations thus becomes absolutely necessary for any business.
Importance of supply chain management need not be over emphasized
as it has become the cutting edge of business, after product quality and
manufacturing capabilities of any business firm. If your company makes a product
from parts purchased from suppliers, and those products are sold to customers,
then you have a supply chain. A supply chain is a network of facilities and
distribution options that performs the functions of procurement of materials,
transformation of these materials into intermediate and finished products, and the
distribution of these finished products to customers.

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Definition
Supply chain management (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. Supply chain management involves coordinating and
integrating these flows both within and among companies. It is said that the
ultimate goal of any effective supply chain management system is to reduce
inventory . As a solution for successful supply chain management, sophisticated
software systems with Web interfaces are competing with Web-based application
service providers (ASP) who promise to provide part or all of the SCM service for
companies who rent their service

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Supply chain management Supply chain management (SCM) is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service and deliver it to customers.In many organizations, materials form the largest single expenditure item, accounting for nearly 50 to 65 % of the total expenditure. With competition growing by the day, cost reduction in business operations and yet making available various products to customers, as per their requirement, come into sharp focus. Maintaining a flawless supply chain across all its operations thus becomes absolutely necessary for any business. Importance of supply chain management need not be over emphasized as it has become the cutting edge of business, after product quality and manufacturing capabilities of any business firm. If your company makes a product from parts purchased from suppliers, and those products are sold to customers, then you have a supply chain. A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Definition Supply chain management (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. Supply chain management involves ...
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