Enterprise Resource Planning - Human Resource Planning

Jul 25th, 2016
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250 - Enterprise Resource Planning - Human Resource Planning ...

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Define the term Supply Chain ManagementSupply chain management (SCM) is the oversight of materials, information, and finances as they move in a processfrom supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involvescoordinating and integrating these flows both within and among companies. It is said that the ultimate goal of anyeffective supply chain management system is to reduce inventory (with the assumption that products are availablewhen needed).Supply chain management flows can be divided into three main flows:The product flowThe information flowThe finances flowThe product flow includes the movement of goods from a supplier to a customer, as well as any customer returns orservice needs.The information flow involves transmitting orders and updating the status of delivery.The financial flow consists of credit terms, payment schedules, and consignment and title ownership arrangements.Different Links in the Supply ChainCustomer - The start of the supply chain is the customer. The customer decides to purchasea product and in turn contacts the sales department of a company. A sales order iscompleted with the date of delivery and the quantity of the product requested. It may alsoinclude a segment for the production facility depending on whether the product is availablein stock or not.Planning - Once the customer has made his/her sales order, the planning department willcreate a production plan

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