Supply chain management
Supply chain management (SCM) is procuring the right inputs (raw materials, components, and capital equipment), converting them efficiently into finished products, and dispatching them to the final destinations
Definition
According to Marketing Management by Keller and Kotler (15th edition),
- Supply chain management (SCM). Procuring the right inputs (raw materials, components, and capital equipment), converting them efficiently into finished products, and dispatching them to the final destinations
According to the HRBoK Guide,
- Supply chain management (SCM). The steps taken from initial planning through customer support. Process of planning, implementing, and controlling operations, which begins with acquiring raw materials and continues to customer delivery and support.