Definition and Benefits
• The concept of a supply chain referred to the flow of materials from their sources (suppliers) to the company, and then inside the company for processing. The finished products were moved to customers. Today the concept is much broader.
• Definitions. A supply chain refers to the flow of materials, information, payments and services, from raw material suppliers, through factories and warehouses, to end customers. A supply chain also includes the organizations and processes that create and deliver products, information, and services to the end customers.
• It includes many tasks such as purchasing, payment flow, materials handling, production planning and control, logistics and warehousing inventory control, and distribution and delivery. The function of supply chain management (SCM) is to plan, organize, coordinate, and control all the supply chain’s activities.
Definition and Benefits• The concept of a supply chain referred to the flow of materials from their sources (suppliers) to the company, and then inside the company for processing. The finished products were moved to customers. Today the concept is much broader.• Definitions. A supply chain refers to the flow of materials, information, payments and services, from raw material suppliers, through factories and warehouses, to end customers. A supply chain also includes the organizations and processes that create and deliver products, information, and services to the end customers.• It includes many tasks such as purchasing, payment flow, materials handling, production planning and control, logistics and warehousing inventory control, and distribution and delivery. The function of supply chain management (SCM) is to plan, organize, coordinate, and control all the supply chain’s activities.
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