Supply chain management (SCM), the management of the flow of
goods and services, involves the movement and storage of raw materials, of
work-in-process inventory, and of finished goods as well as end to end order
fulfillment from point of origin to 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. Supply-chain management has been defined as 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." SCM practice draws heavily from the areas of
industrial engineering, systems engineering, operations management, logistics,
procurement, information technology, and marketing and strives for an integrated
approach.[citation needed] Marketing channels play an important role in
supply-chain management. Current research in supply-chain management is
concerned with topics related to sustainability and risk management, 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.
Although it has the same goals as supply chain engineering,
supply chain management is focused on a more traditional management and
business based approach, whereas supply chain engineering is focused on a
mathematical model based one.
To give your manuscript the best chance of publication, follow these policies and formatting guidelines.