Supplier management is a crucial component of Supply Chain Management (SCM) that involves the systematic coordination and control of all activities related to sourcing, evaluating, selecting, and managing suppliers. It encompasses the entire lifecycle of supplier relationships, from initial supplier identification and qualification to ongoing performance monitoring and improvement.
Demand planning is a crucial feature of Supply Chain Management (SCM) that involves forecasting and managing customer demand for products or services. It helps organizations make informed decisions regarding production, inventory, and procurement to meet customer demands efficiently while minimizing costs and maximizing customer satisfaction.
Order management is a critical feature of Supply Chain Management (SCM) that involves the end-to-end process of receiving, processing, and fulfilling customer orders efficiently and accurately. It encompasses activities such as order entry, order processing, inventory allocation, order fulfillment, and order tracking. The goal of order management is to ensure timely delivery of products or services to customers while optimizing inventory levels and minimizing costs.
Logistics and transportation management is a key feature of Supply Chain Management (SCM) that focuses on the efficient planning, execution, and control of the movement and storage of goods from the point of origin to the point of consumption. It encompasses activities such as transportation planning, carrier selection, route optimization, shipment tracking, and warehouse management. The goal is to ensure timely delivery of products while minimizing costs, optimizing resources, and enhancing overall supply chain performance.
Inventory management is a critical feature of Supply Chain Management (SCM) that involves overseeing and controlling the levels, location, and movement of inventory within the supply chain. It aims to optimize inventory levels to meet customer demand, minimize holding costs, reduce stockouts, and ensure efficient operations throughout the supply chain.
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