Supply Chain Management
SCM, distribution management, logistics, inventory control, procurement, warehousing, 3PL: we could go on. Search online for Supply Chain Management and you’ll discover a vast array of courses, training programmes, vocational qualifications and even Masters degrees on the wide-ranging subject.
Supply chains and their intricacies vary extensively depending on the specific geographies, products, suppliers and customers involved. Each has its own stages, interdependencies, management systems and scope. However, we can summarise efficient SCM as a series of processes and activities that ensure a product or service is delivered from a supplier to a customer when, where and in the quantities required most cost efficiently.