Supply chain management refers to optimizing the operation of the supply chain, with the least cost, so that the supply chain starts from purchasing to satisfying the final customer. Management education such as MBA and EMBA includes enterprise supply chain management.
Supply chain management is to coordinate the internal and external resources of the enterprise to jointly meet the needs of consumers. When we regard the enterprises in each link of the supply chain as a virtual enterprise alliance, and regard any enterprise as a department in this virtual enterprise alliance, the alliance's Internal management is supply chain management. It's just that the composition of the alliance is dynamic and changes at any time according to market needs.
2. Four goals of supply chain management
Effective operations management and supply chain management can help achieve four goals: reduce cash turnaround time; reduce risk to the business; enable profitable growth; and provide predictable revenue.
3. Seven Principles of Supply Chain Management
Divide customer groups according to the service characteristics required by customers; design the logistics network of the company according to customer needs and the profitability of the company; listen to market demand information and design products that are closer to customers; time delay; strategically determine the source of supply and Purchasing and suppliers establish a win-win cooperation strategy; establish information systems in the entire supply chain; establish performance appraisal criteria for the entire supply chain, etc.
