Scope of supply chain management, Finance Basics

The scope of supply chain management 

Supply chain management includes the determination of suppliers; distributors, distribution channels and warehousing; manufacturing information and manufacturing schedules; capacity requirements and means of order fulfilment; means of finance; means of information handling; credit and cash transfers; methods of accounts payable and receivable; forecasting methods; means of managing customer information. Often there are misconceptions about supply chain management and it is confused with logistics. Logistics concerns the physical material flow in supply chain processes. The purpose of SCM is to integrate all tasks associated with the bi-directional flow of materials, information and finance into organised, coherent, managed processes in order to provide end-to-end management and control. 

The processes discussed in this section include: 

  • Procurement
  • Inventory management
  • Evaluation of suppliers or vendors
  • Logistics management
  • Materials management
  • Just-in-time scheduling
  • Information systems integration: mrp to erp
  • Evolution of the supply chain
Posted Date: 3/14/2013 5:39:33 AM | Location : United States

Related Discussions:- Scope of supply chain management, Assignment Help, Ask Question on Scope of supply chain management, Get Answer, Expert's Help, Scope of supply chain management Discussions

Write discussion on Scope of supply chain management
Your posts are moderated
Related Questions
You are required to select any one company of your choice which is listed on either Dubai Financial Market (DFM) or Abu Dhabi Securities Market (ADSM). Send me an email giving at l

the real risk-free rate of interest is 4%. inflation is expected to be 2% this year and 4% during the next 2 years. assume that the maturity risk premium is zero. what is the yield

Book Value and Market to book value per share Book value per share (BVPS)  = Net worth Equity/No. of ordinary shares It is called also liquidity ratio that show

Mr. and Mrs. smith are considering the purchase of a house. They can afford to make  a mortgage payment of $750 per month. If the current mortgage interest rate is 9% with monthly

How to calculate the present value of assignment??

Gloria the Investor Gloria is a seasoned sales manager with a very large international company. Although she has a great deal of experience with sales, she has little experience w

why borrow from a country with a high interest rate instead of a country with a low interest rate

Question: a) An oil well now produces 75000 barrels per year. The well will produce for 21 years more, but production will decline by 3.7% per year. Oil prices however, will in

explain the financial planning process in a private limited company

Analysis of the bond issue (a) Show that the price of the bond is equal to that of a portfolio which contains i) a long position in an option-free but otherwise identical co