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In commerce, supply chain management (SCM) deals with a system of procurement, operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers. A more narrow definition of supply chain management is 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, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the 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.
A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers. Meanwhile, supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner.
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References
- ↑ Partsch, Wolfgang, Gene Tyndall et al. (1998): Supercharging Supply Chains. New Ways to Increase Value Through Global Operational Excellence. John Wiley & Sons. ISBN 978-0471254379. [Japanese translation ISBN 4-478-37271-3]
- ↑ "Founder of Supply Chain Management". Dr. Partsch & Partner. Retrieved September 24, 2019.
- ↑ "Rechtzeitig den Erfolg gesichert". Manager Magazin, June/1979
- ↑ Sood, Vivek, Wolfgang Partsch & Lin Giralt (2015): Unchain your Corporation. From Supply Chains to B2B Networks, Global Supply Chain Group. pp. 75–77.
- ↑ "CSCMP Supply Chain Timeline in video celebrating 50 years history of CSCMP". YouTube .
- ↑ "Dr. Wolfgang Partsch. Co-inventor of Supply Chain Management". Global Supply Chain Group. Retrieved September 24, 2019.
- ↑ Germany's automotive companies went through a big re-engineering-phase, Manager Magazine, August 1995
- ↑ Ein Chemieunternehmen Restrukturiert seine Logistik, Material Management Magazine, July/August 1989
- ↑ Interview der Woche: Dr. Wolfgang Partsch. EcoJournal – Wochenmagazin für Wirtschaft, Management, Marketing. January/1989
- ↑ Den Brexit-Sturm überstehen, Handels Journal, January 2020, https://www.handelsjournal.de/unternehmen/logistik/artikel-2020/den-brexit-sturm-ueberstehen.html