Supply chain management

For the journal, see Supply Chain Management (journal).
For broader coverage of this topic, see Supply chain.
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Supply chain management field of operations: complex and dynamic supply and demand networks[1] (cf. Wieland/Wallenburg, 2011)
In an efficient supply chain, agreements are aligned.

In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished products and delivered to their end customers.[2][3] A more narrow definition of supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally".[4][5] This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.[6]

SCM is the broad range of activities required to plan, control and execute a product's flow from materials to production to distribution in the most economical way possible. SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and capital in functions that broadly include demand planning, sourcing, production, inventory management and logistics—or storage and transportation.[7]

Supply chain management strives for an integrated, multidisciplinary, multimethod approach.[8] Current [when?] research in supply chain management is concerned with topics related to resilience, sustainability, and risk management,[9] among others. Some suggest that the "people dimension" of SCM, ethical issues, internal integration, transparency/visibility, and human capital/talent management are topics that have, so far, been underrepresented on the research agenda.[10]

  1. ^ cf. Andreas Wieland, Carl Marcus Wallenburg (2011): Supply-Chain-Management in stürmischen Zeiten. Berlin.
  2. ^ Kozlenkova, Irina; et al. (2015). "The Role of Marketing Channels in Supply Chain Management". Journal of Retailing. 91 (4): 586–609. doi:10.1016/j.jretai.2015.03.003. Retrieved 28 September 2016.
  3. ^ Ghiani, Gianpaolo; Laporte, Gilbert; Musmanno, Roberto (2004). Introduction to Logistics Systems Planning and Control. John Wiley & Sons. p. 3-4. ISBN 9780470849170. Retrieved 8 January 2023.
  4. ^ Cornell Engineering, Supply Chain, School of Operations Research and Information Engineering, accessed 27 March 2021
  5. ^ "Supply chain management (SCM)". APICS Dictionary. Retrieved 2016-07-19. supply chain management[:] The design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally.
  6. ^ Harland, C.M. (1996) Supply Chain Management, Purchasing and Supply Management, Logistics, Vertical Integration, Materials Management and Supply Chain Dynamics. In: Slack, N (ed.) Blackwell Encyclopedic Dictionary of Operations Management. UK: Blackwell.
  7. ^ "What is Supply Chain Management (SCM)? – Definition from WhatIs.com". SearchERP. Retrieved 2020-11-01.
  8. ^ Sanders, Nada R.; Wagner, Stephan M. (2011-12-01). "Multidisciplinary and Multimethod Research for Addressing Contemporary Supply Chain Challenges: Multidisciplinary and Multimethod Research". Journal of Business Logistics. 32 (4): 317–323. doi:10.1111/j.0000-0000.2011.01027.x.
  9. ^ Lam, Hugo K.S. (2018-08-03). "Doing good across organizational boundaries: Sustainable supply chain practices and firms' financial risk". International Journal of Operations & Production Management. 38 (12): 2389–2412. doi:10.1108/ijopm-02-2018-0056. ISSN 0144-3577.
  10. ^ Wieland, Andreas; Handfield, Robert B.; Durach, Christian F. (2016-08-04). "Mapping the Landscape of Future Research Themes in Supply Chain Management" (PDF). Journal of Business Logistics. 37 (3): 205–212. doi:10.1111/jbl.12131. hdl:10398/d2654c3f-4303-4399-81d2-9d3a89fe79dc. ISSN 0735-3766.