Purchasing,Supply Chain Management,and Logistics Business ( Local and Global)

SCM

Supply chain management (SCM) is the combination of art and science thatgoes into improving the way your company finds the raw components itneeds to make a product or service and deliver it to customers.
The following are five basic components of SCM.
1.PPC (Production Planning)
2.Purchase (Sourcing/Vendor Development)
3.Production (Manufacturing)
4.Despatch (Delivery/Logistics /Warehouse )
5.Stores (Receipts/Issues/ Storage)
A supply chain is a network of facilities and distribution options thatperforms the functions of procurement of materials, transformation ofthese materials into intermediate and finished products, and thedistribution of these finished products to customers. Supply chainsexist in both service and manufacturing organizations, although thecomplexity of the chain may vary greatly from industry to industry andfirm to firm.