What is Supply Chain Management (SCM)?
What is Supply Chain Management (SCM)? Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and […]
A Quick Primer on BPM: Business Process Management
The concept of business process management (BPM for short) has been around for a number of years now, but just what does it entail? What are the major activities and decisions surrounding BPM? And where can an interested reader go […]
Why Do You Need To Know About Supply Chain Management (SCM)?
Supply chain management is as much a philosophical approach as it is a body of tools and techniques, and typically requires a great deal of interaction and trust between companies to work. For right now, however, let’s talk about three […]
What Do You Need to Know about Supply Chain Management (SCM)?
The first thing one needs to understand is that SCM doesn’t replace what we’ve learned about management over the last 50 years; it builds upon it. The analogy that a chain is only as strong as its weakest link holds […]
How Do You Do Supply Chain Management (SCM)?
A firm’s SCM efforts start with the development and execution of a long-term supply chain strategy. Among other things, this strategy should: Identify what supply chains the firm wants to compete in. Help managers understand how the firm will provide […]