Supply Chain Management

What Does Supply Chain Management Mean?

Supply Chain Management (SCM) is the handling of the flow of goods and services from the raw manufacturing of the product through to the consumption by the consumer. This process requires an organisation to have a network of suppliers (that serve as links in the chain) to move the product through each stage.

Why Is Supply Chain Management Important?

Effective Supply Chain Management improves the financial position of an organisation by delivering value linked to the organisations corporate strategy. Supply Chain Management plays a significant role in customer satisfaction through the delivery of products and services. Good supply chain management is critical at reducing operating costs from Procurement activities, through operations and logistics functions and throughout the whole supply chain. The scale of profitability for large organisations is relative to the management of an organisations supply chain.

Supply Chain Management also has a lesser publicised societal role – ensuring that the basics necessities humans depend on like, food, energy, medicine and modern infrastructure are flowing and available.

What Are the 6 Components of Supply Chain Management?

  • Planning – Make vs buy decision to understand whether you will manufacturer or buy domestically or internationally.
  • Sourcing - Identifying, evaluating and building relationships with suppliers that will provide goods and services
  • Demand/Inventory - Managing inventory and manufacturing schedules to meet consumer demand.
  • Production - Ensuring the right volumes and quality of production.
  • Warehouse & Transportation - Storing and delivering the product effectively.
  • Return of Goods - Ensuring an effective returns process for customer satisfaction.

These six components enable to you provide effective Supply Chain Management.

CIPS Knowledge-related topics, best practice guides and white papers include: Guidance to support the development of organisations supply chain activities, from setting strategy through to operational developments, supporting organisations to build efficiencies into their supply chains to develop supply chains of the future

Featured Downloads

SCM & Networks

SCM & Networks

This paper aims to provide an awareness and level of understanding to the reader on the subject of supply chain management and networks

Global Supply Chain

Global Supply Chain

Global supply chains are networks that can span across multiple continents and countries for the purpose of sourcing and supplying goods and services

Future Supply Chains

Future Supply Chains

Transition to an innovative form of supply chain for the future must be seamless and without operational interruptions or performance gaps

Knowledge Topics:

Supply Chain Mgmt. Tools

Supply Chain Mgmt. Tools

See how global supply chains give procurement the opportunity to take advantage of the strengths and innovation of other countries

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Global Supply Chains

Global Supply Chains

Global supply chains are networks that can span across multiple continents and countries for the purpose of sourcing and supplying goods and services

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The Future of Supply Chains

The Future of Supply Chains

Supply chains are constantly evolving, technology along with diversification of staff skill set is playing a key part in this development

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What is a Supply Chain

What is a Supply Chain

In its simplest form a supply chain is the activities required by the organisation to deliver goods or services to the consumer

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Networked Supply Chains

Networked Supply Chains

Coming soon

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Managing the Supply Chain

Managing the Supply Chain

You can work in various areas of the supply chain, but the main goal when managing a supply chain is adding value

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Strategic SC Management

Strategic SC Management

When we discuss supply chain strategy we are discussing ‘value’ that can be derived from our supply chain

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Demand Driven Supply Chain

Demand Driven Supply Chain

A demand driven supply chain focuses on the demand from the consumer data and feeds this data through to the supply base so driving greater efficiency

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Technology in Supply Chain

Technology in Supply Chain

“The Future of Procurement and Supply Management” paper offers a reflection of what the profession may look like fifteen years from now

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Supply Chain Network Design

Supply Chain Network Design

SCND covers all movements and storage of raw materials, work-in-process inventory and finished goods from the point-of-origin to point-of-consumption

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Agile Supply

Agile Supply

See how organisations which are ‘agile’ react as quickly as is practicable to provide a cost effective response to customer demand

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Lean Manufacturing

Lean Manufacturing

Organisations which are ‘agile’ react as quickly as is practicable to provide a cost effective response to customer demand

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Models

Models

Collaborative procurement is a method by which companies can engage with each other to enhance the effectiveness (SC/Sourcing/Procurement/Cost)

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E-Learning

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Training Courses

Leading procurement training

Accelerate your learning and deliver more value in your role with dedicated training courses running all year round in multiple locations to suit you.

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Bookshop

eBooks & hardbacks available

Find all the CIPS core study guides with quality recommended reading to equip you with everything you need to excel through exams and get qualified.

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