Supply Chain Management (SCM) Task

A Supply Chain Management (SCM) Task is a logistics task that involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

• Context:
  • It can be facilitated by a Supply Chain Management System.
  • …
• See: Materials Management, Physical Distribution, Order Processing, Procurement, Raw Material, Inventory, Business, Product (Business), Service (Economics), End Customer, Supply Chain, Industrial Engineering, Systems Engineering.

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References

2021

• (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Supply_chain_management Retrieved:2021-5-3.
  • In commerce, supply chain management (SCM), the management of the flow of goods and services, money and information between businesses and locations, and includes the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. 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". SCM practice draws heavily on industrial engineering, systems engineering, operations management, logistics, procurement, information technology and marketing, and strives for an integrated approach. Marketing channels play an important role in supply-chain management. Current research in supply-chain management is concerned with topics related to sustainability and risk management, among others. An important concept discussed in SCM is supply chain resilience. Some suggest that the “people dimension” of SCM, ethical issues, internal integration, transparency/visibility, and human capital/talent management are topics that have, so far, been underrepresented on the research agenda. Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product's flow from materials to production to distribution in the most economical way possible. SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and capital in functions that broadly include demand planning, sourcing, production, inventory management and logistics -- or storage and transportation. Although it has the same goals as supply chain engineering, supply chain management is focused on a more traditional management and business based approach, whereas supply chain engineering is focused on a mathematical model based one.

2019

• https://transportgeography.org/contents/chapter7/logistics-freight-distribution/evolutionlogistics-2/
  • QUOTE: The evolution of supply chain management has been characterized by an increasing degree of integration of separate tasks, a trend that was underlined in the 1960s as a key area for future productivity improvements since the system was highly fragmented. Although the tasks composing logistics have remained relatively similar, they initially consolidated into two distinct functions related to materials management and physical distribution during the 1970s and 1980s. This process moved further in the 1990s as globalization incited a functional integration and the emergence of logistics in a true sense; all the elements of the supply chain became part of a single management perspective.

    

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