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Overview of SCM Modules and Benefits

Supply chain management (SCM) helps companies get the right products to the right places at the right times in the proper quantities at an acceptable cost. The goals of SCM are to efficiently forecast demand, control inventory, enhance relationships, and receive feedback on the supply chain status. SCM involves the interrelationships with suppliers, customers, distributors and other businesses needed to design, build and sell a product, with each process adding value.

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Sneha Giji Saji
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43 views11 pages

Overview of SCM Modules and Benefits

Supply chain management (SCM) helps companies get the right products to the right places at the right times in the proper quantities at an acceptable cost. The goals of SCM are to efficiently forecast demand, control inventory, enhance relationships, and receive feedback on the supply chain status. SCM involves the interrelationships with suppliers, customers, distributors and other businesses needed to design, build and sell a product, with each process adding value.

Uploaded by

Sneha Giji Saji
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

1

Supply Chain
Management (SCM)
MODULE-4 PART-3
2
Supply Chain Management (SCM)

 Fundamentally, supply chain management


helps a company
 Get the right products
 To the right place
 At the right time
 In the proper quantity
 At an acceptable cost
3
Goals of SCM

 The goal of SCM is to efficiently


 Forecast demand
 Control inventory
 Enhance relationships with customers, suppliers, distributors, and others
 Receive feedback on the status of every link in the supply chain
4
What is a Supply Chain?

 The interrelationships
 With suppliers, customers, distributors, and
other businesses
 Needed to design, build, and sell a product
 Each supply chain process should add value to the products or services a
company produces
 Frequently called a value chain
5
Supply Chain Life Cycle
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Roles and Activities of SCM in
Business
Planning & Execution Functions of 7
SCM

 Planning
 Supply chain design
 Collaborative demand and supply planning
 Execution
 Materials management
 Collaborative manufacturing
 Collaborative fulfillment
 Supply chain event management
 Supply chain performance management
8
Benefits and Challenges of SCM

 Key Benefits
 Faster, more accurate order processing
 Reductions in inventory levels
 Quicker times to market
 Lower transaction and materials costs
 Strategic relationships with supplier
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Goals and Objectives of SCM
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Benefits and Challenges of SCM

 Key Challenges
 Lack of demand planning knowledge, tools,
and guidelines
 Inaccurate data provided by other information systems
 Lack of collaboration among marketing, production, and inventory
management
 SCM tools are immature, incomplete, and
hard to implement
11
Trends in SCM

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