What are the basics of supply chain management?

The three major elements of supply chain management are demand, materials, and resource capacity. The goal of SCM is to increase the cash flow speed by synchronizing business processes based on constraints. Indexes of the management are throughput (item flow), inventory, and expense aiming for total optimization.

What are supply chain stages?

The Key Steps in a Supply Chain Original sourcing or extraction of raw materials. Refining or manufacturing materials into basic parts. Assembling basic parts into finished products. Selling finished products to end users. Delivering finished products to end users or consumers.

What is supply chain management with diagram?

A supply chain consists of a stepwise process that an organization takes to convert its raw materials into finished sellable products. The concept can easily be explained with the help of a supply chain diagram that would include details about raw materials, processes, information, and other vital activities.

What is supply chain cycle?

The Supply Chain and its Cycles. A simplistic representation of a supply chain involves a sequence between five stages, from suppliers to the final customer. Each of these stages has its own cycle, which is a sequence of operations and transactions taking place between two stages.

What are the 5 Rights of logistics?

Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.

What does triangle mean in process flow?

In terms of process mapping, the inverted triangle can indicate the storage of raw materials or product inventory. For instance, a manufacturer of cardboard boxes can chart its manufacturing process in a flowchart and use the inverted triangle to denote the storage of product that meets quality requirements.

What are the phases of Supply Chain Management?

Supply Chain Design

What are the basics of Supply Chain Management?

The Basic Concepts of Supply Chain Management. A supply chain provides a company and the activities involved in the business what is needed in designing, making, using, and delivering of services and products. Any business depends on the supply chain in providing it with necessary survival and thriving methods.

What are the stages of supply chain?

Typically, supply chain management has five stages: plan, make, source, deliver and return. Every stage of that process involves professional skills that are critical to success, from marketing and logistics to data management and warehousing.

What are the 8 key supply chain processes?

The 8 Key Supply Chain Processes. Demand planning responsiveness. 2. Customer relationship collaboration. 3. Order fulfilment. 4. Product development launch. 5. Manufacturing customization. 6. Supplier relationship collaboration. 7. Life cycle support. 8. Reverse logistics….