SUPPLY CHAIN MANAGEMENT

SCM

• Involves the managment of information flows between and among stages in a supply chain to minimize total supply chain effectivensee and profitability
• Four basic components of supply chain management:

1. Supply chain strategy-managing all resources to meet customer demand.
2. Supply chain partner-partners throughout the supply chain that deliver finished products,raw materials and services.
3. Supply chain operation-schedule for production activities.
4. Supply chain logistics-product delivery process.