What is scm?

Supply Chain Management (SCM)

Supply Chain Management (SCM) encompasses the planning, execution, and control of all activities involved in sourcing, procurement, production, and logistics. Its goal is to optimize the flow of goods, information, and finances across the entire supply chain, from raw materials to the end consumer. Effective SCM can significantly improve efficiency, reduce costs, enhance customer satisfaction, and increase overall profitability.

Key elements of SCM include:

• Planning: Developing strategies to balance supply and demand, including forecasting, inventory planning, and capacity planning. (See: https://www.wikiwhat.page/kavramlar/Supply%20Chain%20Planning)

• Sourcing: Identifying and selecting reliable suppliers, negotiating contracts, and managing supplier relationships. (See: https://www.wikiwhat.page/kavramlar/Strategic%20Sourcing)

• Production: Scheduling production activities, managing inventory levels, and ensuring quality control. (See: https://www.wikiwhat.page/kavramlar/Production%20Management)

• Delivery: Managing transportation, warehousing, and distribution to ensure timely and cost-effective delivery of goods to customers. (See: https://www.wikiwhat.page/kavramlar/Logistics%20Management)

• Returns: Handling returns, repairs, and recycling of products. (See: https://www.wikiwhat.page/kavramlar/Reverse%20Logistics)

SCM relies heavily on information technology, including enterprise resource planning (ERP) systems, supply chain management (SCM) software, and data analytics.