Supply Chain Management - Importance, Drivers and Flows

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Learn about the importance, drivers, and flows of supply chain management. Discover how it boosts customer service, reduces operating costs, improves financial position, and enhances quality of life.


Uploaded on Dec 09, 2023 | 3 Views


Supply Chain Management - Importance, Drivers and Flows

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  1. Supply Chain Management - Importance, Drivers and Flows

  2. Supply Chain A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply Chain Management (SCM) Art of management of providing the Right Product, At the Right Time, Right Place and at the Right Cost to the Customer. SCM involves a series of key activities and processes that must be completed in an efficient (fuel-conserving, cost-reducing, etc.) and timely manner. Otherwise, product will not be available when needed by consumers.

  3. Basics of Supply Chain

  4. Supply Chain Drivers The five drivers provide a useful framework in which to think about supply chain capabilities. Decisions made about how they operate will determine the mix of responsiveness and efficiency a supply chain is capable of achieving.

  5. Supply Chain Management Process Flow Supply chain management flows consists of these three main flows: 1) The product flow/material flow 2) The information flow 3) The finances flow/money flow

  6. Importance of Supply Chain Management Supply chain management is an integral part of most businesses and is essential to company success and customer satisfaction. 1. Boost Customer Service 2. Reduce Operating Costs 3. Improve Financial Position 4. Improve Quality of Life

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