Ad
related to: supply chain planning systems definition marketing environment management
Search results
Results from the WOW.Com Content Network
[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".
Meanwhile, supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner. [4] [5] In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. [6]
Enterprise application suite is an alternate name for such systems. ERP II systems are typically used to enable collaborative initiatives such as supply chain management (SCM), customer relationship management (CRM) and business intelligence (BI) among business partner organizations through the use of various electronic business technologies.
Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements. The material requirements are communicated to procurement and other functions for sourcing.
In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. [1] Essentially, global supply chain-management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national.
Give production, planning, purchasing, and management the information to plan and control manufacturing [3] Tie overall business planning and forecasting to detail operations [3] Enable marketing to make legitimate delivery commitments to warehouses and customers; Increase the efficiency and accuracy of a company's manufacturing; Rough cut ...
Supply chain engineering is the engineering discipline that concerns the planning, design, and operation of supply chains. [ 1 ] [ 2 ] Some of its main areas include logistics , production , and pricing .
In response to this criticism, it has been asserted that IBP is not a marketing hoax, [6] but an important part of Enterprise Performance Management (EPM) system. Another criticism is that IBP is not academically defined [7] and is supply chain biased in its definition. The lack of academic standard leaves room for interpretation to what IBP ...
Ad
related to: supply chain planning systems definition marketing environment management