Supply Chain Management and its Types
Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. In this blog, we will be giving a brief overview on it; explaining some theories, a small bit of history and a few of its applications. Overview Introduction Supply chain management (SCM) is the management of the flow of goods and services. A single Supply chain includes the movement and storage of raw materials, work-in-process inventory, and the transportation of goods from point of origin to point of consumption. Optimization of these is to save significant energy and also for reduction of related carbon emissions. All businesses, be they healthcare, warehousing, governmental or whatever, use supply chain management principles to plan, assemble, store, ship, and track products from the beginning to the end of the supply chain. SCM focuses on production planning and control, production R&D, maintenance and diagnosis, and quality