Supply chain Management
Supply chain management (SCM) is the wide range of actions required to plan, control and perform a product's flow, from attaining raw materials and production through supply to the final customer, in the most efficient and cost-effective way possible. Latest trends that causes significant impact and change to supply chain design and performance:
- Demand Planning Begins at the End of the Cycle
- Increased Competition and Price Pressures
- Globalization
- Outsourcing
- Collaboration between Stakeholders in the Extended Supply Chain
- Shortened and More Complex Product Life Cycles