SCM Supply Chain Management Definitions & Terms

Apr 2, 2017  |  Articles

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 […]

Jul 30, 2013  |  Articles

Global Logistics, Q&A with John Camp, Lenovo

Questions and Answers on Global Logistics, with John Camp, Lenovo Big Issues in Global Logistics Rob Handfield (Co-Director of SCRC): Hi, I’m here with John Camp, director of logistic solutions and transformation at Lenovo. John manages a lot of the […]

Jan 20, 2011  |  Articles


Managers must ensure that appropriate personnel receive periodic training with respect to the organization’s ethical and professional standards. Supply managers should ensure that their personnel receive training on current thinking and techniques in the areas of requirements planning, source selection, […]

Jan 20, 2011  |  Articles

Total Productive Maintenance (TPM)

Preventive maintenance plus continuing efforts to adapt, modify, and refine equipment to increase flexibility, reduce material handling, and promote continuous flows. It is operator-oriented maintenance with the involvement of all qualified employees in all maintenance activities. Source: (10th ed.)

Jan 20, 2011  |  Articles

Total Cost of Ownership (TCO)

In supply chain management, the total cost of ownership of the supply delivery system is the sum of all the costs associated with every activity of the supply stream. The main insight that TCO offers to the supply chain manager […]

Jan 20, 2011  |  Articles

Target Costing

It is the process of designing a product to meet a specific cost objective. Target costing involves setting the planned selling price, subtracting the desired profit as well as marketing and distribution costs, thus leaving the required manufacturing or target […]

Jan 20, 2011  |  Articles

Total Costs

The sum of the variable, fixed and semivariable costs (costs that cannot be classified as variable or fixed ) comprises total costs. As the volume of production increases, total costs increase. However, the cost to produce each unit of product […]

Jan 20, 2011  |  Articles


See: Currency Conversion, Language

Jan 19, 2011  |  Articles

Interplant Transfer

The shipment of a part or product by one plant to another plant or division within the corporation. Source: (10th ed.)

Jan 19, 2011  |  Articles

Supplier Development Training

Education and training is the most common approach to supplier development and improvement. A purchaser may provide training in statistical process control, quality improvement techniques, just-in-time delivery or any other crucial performance area. In order for purchasing to adequately assess […]