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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.
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]
Institute for Supply Management (ISM) is the world's oldest and largest supply management association. [1] Founded in 1915, the U.S.-based not-for-profit educational association serves professionals and organizations with interest in supply management, providing education, training, qualifications, publications, information, and research.
The organization offers certification programs, training tools, and networking opportunities for the purpose of increasing workplace performance in supply chain. [6] The Supply Chain Council (SCC) merged into APICS on 5 August 2014. [7] APICS also merged with the American Society of Transportation and Logistics (AST&L) in 2015. The organization ...
From a common strategy, the supply-chain scorecard (SCS) maps cross-company measures. Brewer and Speh note that focusing on the supply chain requires four perspectives: [6] Financial benefits; Supply chain-management (SCM) goals; SCM improvement; End customer benefits; Independent of perspective, each should include internal and cross-company ...
Although supply chain engineering and supply chain management have the same goals, the former is focused on a mathematical model-based approach, whereas the latter is focused on a more traditional management and business-based one. [1]
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