SCM is management of network of all business processes and activities involving procurement of raw materials, manufacturing and distribution management of Finished. Supply chain management provides accurate item with fair price, at right time.
Effective Market coverage, Availability of Products at locations that hold the key to revenue recognition depends upon the effectiveness of Supply Chain. SCM enables companies to discover, analyze and monitor all suppliers, components and facilities in their entire supply chain. Supply chain management uses real time data to discover component origin, reduces risks and ensures compliance.
SCM is responsible for working in coordination and seamlessly to ensure Finished Goods reach the markets and the customer.
SCM can flawlessly execute the following processes:
Planning: Planning is the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand for short as well as long range supply chain strategy. Integrated supply chain strategy is been developed with the objective to predict customer demand.
Procurement: Procurement targets on the purchasing of required goods, component and raw materials from vendors.
Production: Production involves operations, product assembly to produce finish good or part of the product, manufacture, conversion.
Distribution: The move process refers to overseeing the movement of goods from manufacturer or supplier to POS (point of sale) i.e. it commands logistical circulation of goods across SCM. Distribution refers to numerous activities and processes such as inventory packaging, warehousing and logistics.