Supply chain management (SCM) is the discipline that manages supplies and processes through all of the stages of a project, product or business deliverable. Business material has a journey as it moves from one state to the next until it’s ready to be delivered to the customer or stakeholder. Then there’s the logistics of taking the finished product from one place to another. Getting through these various stages efficiently requires control—that’s where supply chain management comes in. Every aspect of business is managed to make the most of the resources involved and be as productive as possible. People are managed and supplies require management as well. Whether those supplies are goods or services, they must be accounted for and carried through from start to finish with deliberate control.
Upon Completion of this course, student will be able to:
- Define the term supply chain management.
- Describe the Components of Supply Chain Management.
- List the Types of Flow In Supply Chain Management.
- Understand the difference between Make Vs. Buy Strategy.