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[14]: 2 Supply chain management was then further defined as the integration of supply chain activities through improved supply chain relationships to achieve a competitive advantage. [12] In the late 1990s, "supply chain management" (SCM) rose to prominence, and operations managers began to use it in their titles with increasing regularity.
Supply-chain management (SCM) has become increasingly relevant in theory and practice in light of more-complex supply chains. The SCM performs extensive operational tasks, including supply-chain controlling. Seuring [1] transfers the three main concepts of German supply chain-controlling literature into the specific demands of SCM:
A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [1] to end consumers [2] or end customers. [3] Meanwhile, supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner. [4] [5]
In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. [1] Essentially, global supply chain -management is the same as supply-chain management , but it focuses on companies and organizations that are trans-national.
The Master of Science in Supply Chain Management is a one to three years Master Degree, depending on the program, some may even start with two-year preparation classes and covers various areas of Supply chain management. Topics of study may include: Customer-driven supply chain (link broken) Customer relationship management; Demand chain management
Supply Chain Management is a bimonthly peer-reviewed academic journal covering issues in supply chain management, including contractual relationships, data interchange and vertical integration, efficient consumer response, investment in emerging economies, just in time procedures, logistics, organizational behaviour, and risk management.
Other important management problems involve maintenance policies [54] (see also reliability engineering and maintenance philosophy), safety management systems (see also safety engineering and risk management), facility management and supply chain integration.
A 2003 article in a Strategy+Business issue named When Will Supply Chain Management Grow Up? by Tim Laseter and Keith Oliver himself [13] describes anecdotically the moment in which the term Supply Chain Management was coined prior to the Financial Times interview: Oliver began to develop a vision to tear down the functional silos inside an organization (manufacturing, marketing, distribution ...