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Supply chain management has been 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.
Components of SCM
Plan
Source Make
Deliver
Return
Issues
High cost of logistics
Physical infrastructure The low acceptance of integrated Third party
logistics
Distribution Network Configuration Distribution strategy
Information
Inventory Management
Opportunities
Design for supply chain management
Integrated Databases throughout the supply chain Integrated Control and Planning Support Systems Institute Supply Chain Performance Measurement
Strategies
Adopt demand-driven planning based on real-
Strategies
Align your supply chain with business goals by
connecting sales and operations planning (S&OP) with corporate business planning
operations