Quick Answer: What Are The 5 Basic Steps Of Supply Chain Management?

What are the 5 basic components of supply chain management?

In SCM, the supply chain manager coordinates the logistics of all aspects of the supply chain which consists of five parts:The plan or strategy.The source (of raw materials or services)Manufacturing (focused on productivity and efficiency)Delivery and logistics.The return system (for defective or unwanted products).

What are the activities of supply chain management?

Production operations, including the consumption of materials and flow of finished goods. Outbound operations, including all fulfillment activities and transportation to customers. Order promising, accounting for all constraints in the supply chain, including all suppliers, manufacturing facilities.

What are the key components of supply chain management?

The Eight Components of Supply Chain ManagementPlanning. This is one of the most important stages. … Information. The world today is dominated by a continuous flow of information. … Source. Suppliers play a very crucial role in supply chain management systems. … Inventory. … Production. … Location. … Transportation. … Return of goods.

What are the different types of supply chain?

The 6 Supply Chain ModelsThe continuous flow models.The fast chain models.The efficient chain models.The custom configured model.The agile model.The flexible model.

What are the KPIs for supply chain?

Here are some of the key performance indicators that can be very useful for supply chain analytics:Inventory Turnover. … Inventory Accuracy. … Delivery/Shipment Times. … Cash-to-Cash Cycle Time. … Warranty Costs as a Percentage of Sales. … SAP Supply Chain Management. … Manhattan SCOPE. … SYSPRO ERP.

What are the steps of supply chain management?

At their most basic, the key steps in a supply chain include:Original sourcing or extraction of raw materials.Refining or manufacturing materials into basic parts.Assembling basic parts into finished products.Selling finished products to end users.Delivering finished products to end users or consumers.

What are the five categories of supply chain processes?

SCOR Model defines basic processes of the supply chain and groups them into five categories as Plan, Source, Make, Delivery and Return. SCOR exactly names the main process in each of these groups.

What are the pillars of supply chain?

The five pillars of supply chain resiliencePillar 1 – Vulnerability.Pillar 2 – Management Culture.Pillar 3 – Procurement.Pillar 4 – Operations.Pillar 5 – Demand & Visibility.

What are the 3 foundations of supply chain?

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost.

What are the pillars of procurement?

The Five Pillars are:Value for Money. In short this means that it is not necessarily the tender with the lowest price that is going to win the bid. … Open and Effective Competition. … Ethics and Fair Dealing. … Accountability and Reporting. … Equity.

What skills do you need for supply chain?

Solid skills required in future supply chain managers include:Project management.Technical understanding.Cost accounting skills.Ability to understand financial statements.Understanding of e-business / e-procurement systems.Troubleshooting, problem solving.Understanding of cross-cultural / global issues.Business ethics.

Who is the father of supply chain management?

Keith Oliver was highlighted and often cited in articles and books during the 2002-2003 period due to the fact that the Supply Chain Management term reached its adulthood with 21 years.