Inter-company planning control and monitoring of central functions such as procurement, production and sales to increase their efficiency.
An electronic alternative to the traditional paper chain, providing companies with a smarter, faster, more efficient way to get the right product to the right customer at the right time and price. Combines the power of the Internet with the latest technology, enabling participating suppliers to access up-to-date company information and enabling companies to better manage and track supply and demand.
The managing of the supply chain; dealing with fundamental questions concerning the supply chain, such as structure of the organization, ressource management, etc.
SCM refers to the effective integration of the processes related to the forecasting of the product's market demand, the acquisition of the raw materials to make the product, its manufacturing, the inventorying of the product, its transportation to market, its eventual sale (or the fulfillment of demand), and the measurement of the satisfaction of the customer who purchased it. Combines the power of the Internet with the latest technology, enabling participating suppliers to access up-to-date company information and enabling companies to better manage and track supply and demand.
The coordinated set of techniques to plan and execute all steps in the global network used to acquire raw materials from vendors, transform them into finished goods, and deliver both goods and services to customers. It includes chain-wide information sharing, planning, resource synchronization and global performance measurements.
The process of optimizing delivery of goods, services and information from supplier to customer. SCM is a set of business processes that encompasses a trading-partner community engaged in a common goal of satisfying the end customer.
This is the process of optimizing the delivery of goods, services, and information from the supplier to the customer.
Supply Chain Management (SCM) is that set of skills and disciplines, including those of IT, which shepherd a product from its original design to its ultimate delivery to the buyer.
A broader concept than logistics; extends the concept of logistics beyond the firm to all firs in the supply chain, including vendors, customers, carriers, facilitators, and channel intermediaries.
A vague term describing any of a number of packaged or tailored applications or tools designed to help with the development or execution of supply chain systems or with managing information gained from supply chain interactions.
Management of all the activities along the supply chain from suppliers to internal logistics within a company and to distribution to customers. This includes ordering, monitoring, billing, and so on
overall organization and management of interactions with suppliers and customers for timely and efficient production and delivery
Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.
An attempt to coordinate processes involved in producing, shipping and distributing products, generally with large suppliers. Net markets can extend supply chain management to all trading partners regardless of size because they provide a central hub to integrate information from buyers and sellers.
The process of developing, producing and transporting products to customers.
The delivery of customer and economic value through integrated management of the flow of physical goods and associated information, from raw materials sourcing to delivery of finished products to consumers.
The process of optimizing the delivery of goods, services and information from supplier to customer. This set of business processes encompasses a trading-partner community engaged in the common goal of satisfying the end customer (Gartner Group, 1999).
An integrated process for managing the flow of products, services or information, a solid SCM system is the foundation for successful business.
is an integrated process for managing all levels of the flow of information from an enterprise to its suppliers and customers, incuding its own internal manufacturing resources.
Process-oriented control of all interchanges in the logistics process, ranging from procurement of raw materials, development, production and assembly to delivery to the end user.
Software designed to manage delivery vehicles, distribution centers, factories, and raw material suppliers. SCM's goal is to move product from the point of origin to that of consumption as quickly as possible. SCM balances inventory supplies with customer demand and often includes sales forecasting, purchasing and production planning, demand and distribution management and business intelligence. Terms Glossary Definition
Looks at the entire supply chain of a company to optimize the flow of information and materials between internal and external suppliers, production, distributors and customers.
Use of information technology to endow automated intelligence to an ever-growing network of cash registers, delivery vehicles, distribution centres, factories and raw material suppliers. In Australia, the mining industry has set up a web site to manage the purchasing and acquisition of supplies, services, and materials across the industry.
Supply chain management analyzes the entire supply chain of a company with the aim of improving the flow of information and materials between internal and external suppliers, production areas, distributors and customers.
The co-ordinated control of the supply chain, from the acquisition of raw materials from vendors through their transformation into finished goods to the delivery of merchandise to the final customer. It involves end-to-end information sharing, planning, resource synchronisation and performance measurement
Describes the active management of the entire supply chain from supplier to customer. SAP supports its customers with solutions that integrate information and decisions from the entire supply chain into a seamless, automated, and optimized information infrastructure. It provides the framework for integrating strategic decision support, data warehousing, planning and simulation, forecasting and execution systems in a closed loop with core enterprise financial, logistics and human resource applications. SAP delivers within its Supply Chain Management initiative the applications SAP Advanced Planner and Optimizer and SAP Logistics Execution System.
Supply Chain Management is the management of the entire value-added chain, from the supplier to manufacturer right through to the retailer and the final customer. SCM has three primary goals: Reduce inventory, increase the transaction speed by exchanging data in real-time, and increase sales by implementing customer requirements more efficiently.
Integration of end-to-end business processes from various source suppliers through production to final delivered customer product.
is the management of a portfolio of assets (human, equipment, components, etc.) and relationships (customers, suppliers, staff, etc.) to transform a customer’s product from raw material to finished product as efficiently as possible.
The systematic, strategic coordination of traditional business functions within a particular company and across businesses within the supply chain for the purposes of improving the long-term performance of the individual companies and the supply chain as a whole.
Supply Chain Management (SCM) provides solutions for the re-engineering and management of global supply chains -- from supplier through manufacturer, distributor, dealer, and/or the end consumer. UPS offers comprehensive Supply Chain Management expertise.
A business strategy to improve shareholder and customer value by optimizing the flow of products, services and related information from source to customer. Supply Chain Management encompasses the processes of creating and fulfilling the market's demand for goods and services and involves a trading partner community engaged in a common goal of satisfying the end customer.
Company-wide coordination of complete value added chain. The objective is to optimise the whole transformation process in terms of content, task and operating environment.
Coordinating the movement of goods, from the initial customer order to final delivery of products. Includes management of raw materials, supply, production and distribution, taking into account quality, cost, customer satisfaction and production speed. The Internet is frequently touted as a tool for improving the efficiency of supply chain management.
Covers all processes from the logistics-oriented planning and networking of the supply chain to the creation of stock transparency as part of global availability queries. Also incorporates status monitoring and document object monitoring within logistics execution. mySAP SCMâ€(tm)s components cover all the areas named.
The management and control of all materials, funds and related information in the logistics process from the acquisition of raw materials to the delivery of finished products to the end-user.
The management of a supply chain of goods as a process from supplier of raw materials or components to the manufacturer, to the distributor to the wholesale buyer to the end consumer. Supply chain management involves the actual products moving through the chain, but also the management of all the information (data) about the product, such as its origin, its destination, payment status, client ordering history, and information about all parties that handle the product in all links of the supply chain. Supply Chain Management can streamline inventory, increase inventory turnover, improve the speed of transaction completion, and increase revenue for the client.
The optimization of the entire fulfillment process, from consumer purchase back through retail store, retail DC, wholesaler, manufacturer DC, factory, raw material/component supplier, etc. for greater responsiveness, speed and efficiency.
An integral business approach covering fundamental issues related to the supply chain such as functional strategies, organisation structure, decision taking, resource management, support functions, network design, information systems and procedures.
Covers the materials and information flows through the industry business system from raw materials to end users. Includes order-to-cash cycle reengineering. Covers functional areas of demand forecasting, inventory management, materials requirements planning (MRP), distribution requirements planning (DRP), production scheduling, warehousing, transportation and physical distribution, materials management and inventory accounts receivable management. Addresses topics such as growth through supply chain innovation, supply chain segmentation, customer service breakpoint determination, network configuration, choice of pull-push systems, product line harmonization, managing the effects of product transitions, improving service and responsiveness while lowering related costs and asset intensity.
Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point-of-origin to point-of-consumption. The term supply chain management was coined by consultant Keith Oliver, of strategy consulting firm Booz Allen Hamilton in 1982.