History of the Logistics and SCM : Infographics on the History of the Logistics and Supply Chain Management.
Supply Chain involves organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply Chain Pain Points Today , Supply Chain Management Process , Supply Chain Planning and Supply Chain Execution , Supply Chain Analytics.
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Supply Chain Pain Points Today: Supply Chain Planning provides forward looking, strategic and tactical planning with an outlook for the future. Supply Chain Execution applications use the information generated by Supply Chain Planning tools to complete the physical production, storage and movement of raw materials, semi – finished components, subcontractor components and finished products.Supply Chain Pain Points Today
In today’s supply chain management process, businesses operations require more flexibility with innovative business solutions to scale up their operations which requires real time information and [...]
Supply Chain Management Process : Supply chain management is 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.
SCM draws heavily from the areas of operations management, logistics, procurement, and information technology, and strives for an integrated approach. The theories in Supply Chain Management include Resource-based view (RBV), Transaction cost analysis (TCA), Knowledge-based view (KBV), [...]
Supply Chain Planning and Supply Chain Execution : Supply Chain Management software is segmented into planning components and execution components. Planning are activities such as developing demands forecasts, establishing the supplies, planning and scheduling manufacturing operations, and developing key performance metrics to ensure efficient and cost effective operations. The execution functions manage the processes and activities to ensure completion of the plans, including creating purchase orders, planned orders, project orders, production orders. This also includes taking customer orders, updating the inventory, managing movement of products in the [...]