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[14]: 2 Supply chain management was then further defined as the integration of supply chain activities through improved supply chain relationships to achieve a competitive advantage. [12] In the late 1990s, "supply chain management" (SCM) rose to prominence, and operations managers began to use it in their titles with increasing regularity.
Alabama National BanCorporation - merged with RBC Bank; AmSouth Bancorporation - merged with Regions; Big B Drugs - merged with Revco, now part of CVS; BioCryst Pharmaceuticals; Bruno's Supermarkets; CVS Caremark - moved headquarters in 2004; Energen Corporation - acquired by Diamondback Energy in 2018; Golf Channel - moved production to Orlando
Supply chain diplomacy; Supply chain diversification; Supply chain finance; Supply chain management; Supply Chain Management (journal) Supply Chain Management Review; Supply chain network; Supply chain operations reference; Supply chain optimization; Supply chain resilience; Supply chain risk management; Supply chain security; Supply chain surplus
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.
Supply-chain risk management is aimed at managing risks in complex and dynamic supply and demand networks. [1] (cf. Wieland/Wallenburg, 2011)Supply chain risk management (SCRM) is "the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity".
A group of 33 members of Congress, led by Democratic Michigan Congressman Dan Kildee, wrote to urge the Department of Labor to "take immediate action to rid Hyundai's supply chain of child labor." [ 10 ] [ 11 ] CEO Jae Hoon Chang announced to shareholders on February 24, 2023 that Hyundai would be divesting its controlling stake in SMART. [ 12 ]
“GSCM can be achieved by considering environmental issues at the purchasing, product design and development, production, transportation, packaging, storage, disposal, and end of product life cycle management stages.” [3] “GSCM is the integration of environmental concerns in the inter-organizational practices of supply chain management” [4]
The company was founded in Jasper, Alabama in 1935 by Heman Edward Drummond, an Alabama coal miner. [1] [2] [3] Drummond started mining on land he inherited from his family; he used mules to drag coal out of the mines. [1] When Drummond died in 1956, the company remained family-owned. [1]
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