What is Supply Chain Management?

In the simplest terms, the Supply Chain is the network of resources and activities needed to take raw materials and components to create a finished product or service and deliver it to the end user. When you need extra support to improve any facet of your Supply Chain, MetaExperts are highly skilled; be it doing the tactical planning & sourcing work or improving your strategies.

In any given organization, there are a number of  trading partners, which typically include:

  • suppliers,
  • distributors,
  • activities,
  • manufacturers,
  • end customers, and/or
  • consumers.

This string of trading partners is known as the Supply Chain.

So, what is Supply Chain Management?

Supply Chain Management is the process of planning, managing, streamlining and continuously improving the supply chain processes to reduce cost and 

wasted time and effort. SCM requires the close monitoring of all costs needed to create a product and service for end users and analyzing where there is room for improvement. 

When done correctly, Supply Chain Management is a competitive differentiator in every industry in the world.

Supply Chain Breakdown

  1. Lean Supply Chain
  2. Supply Chain Risk Management
  3. Supply Chain Operational Excellence (OpEx)
  4. Logistics
  5. Supply Chain Operations Reference Model (SCOR)
  6. Certified SC Transformation Architect (CSCTA)
  7. Supply Chain Management During COVID-19