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6 Processes in Supply Chain Management

Supply Chain Management involves many processes, from production preparation to consumer needs. The following is an explanation of the role and function of each process in it. 1. Planning Several activities are involved in the planning stage, from forecasting consumer demand, purchasing planning, and production planning to labor preparation and transportation. Forecasting consumer demand (demand …

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Definition of Supply Chain Management, Objectives and Functions

Supply chain management is the foundation that supports the fulfillment of consumer needs carried out by manufacturing, retail and wholesale businesses. In other words, a sound SCM system is a critical success factor for these businesses. The supply chain in every business can be different. The most basic version includes the company, its suppliers, and …

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