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Home » Management Homework Help » Supply Chain Management
Supply Chain Management
Supply Chain Management takes in to consideration the demands and supply of the products and services to the consumers and ensure their utmost satisfaction.

Supply Chain Management consists of providing product and services to the consumers. This also includes all the steps necessary for procuring and storing the products like storage of raw materials, processing, and transfer of the finished product from one place to another without any damage for the consumption of the consumers.

One can also define supply chain management in simple words as the processes which involves designing, execution, monitoring and control of the logistics and coordinating demand and supply of the products and sufficing of the demands globally.  Management of the both upstream and downstream supply of the products and flow of goods and information between company and resellers.

Supply Chain Management is systematic system that coordinates the various activities between the companies for improving the long term performance and growth of the individual company. It takes in account to remove the overall unnecessary bottlenecks and enhance equal distribution among the consumers and make it more responsive as per the customer requirements.
 
There are various supply chain management tools that are used for proper execution of supplies and controlling the assorted business process. There   is also a system that takes into consideration called supply chain event management (SCEM) that devices solutions to the problems that arise through disruptions in supply chain. One can also create new and finished product from the used and discarded products by the consumers by recycling it.

The various kinds of problems that are undertaken by the Supply Chain Management are-

Distribution Strategy:  It comprises of operations control, delivery of the goods, pool point shipping, mode of transportation, replenishment and transportation control.
 
Information: Process in supply chain management involves sharing of valuable information and forecasting of the demand, maintenance of the inventory and collaboration with the other
 
Cash-Flow: This comprises of payment to the sellers and companies and exchanging various funds across various supply chains.

Supply chain management is managing all the aspects of processing the raw materials. It also includes competencies and outsourcing of the materials in more flexible and cost effective manner. Strategic collaboration with the partners, suppliers, customers and distinct channel of communication is critical for operational improvements in the field of inventory, distribution and storage.

As new and modern products are brought into the market.  It is necessary to integrate it with the current range of products and make it popular among the potential buyers.

Operational level: Production and distribution of the goods or products are included in the supply chain. Every organization relies on the effective networks and prominent business relations with assorted companies.

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