Skip to main content
Supply chain management (SCM) is the optimization of a product's creation and flow from raw material sourcing to production, logistics and delivery to the final customer. SCM encompasses the integrated planning and execution of processes required to manage the movement of materials, information and financial capital in activities that broadly include demand planning, sourcing, production, inventory management and storage, transportation -- or logistics -- and returning excess or defective products. Supply chain management relies on both business strategy, specialized software and collaboration to work. Because it's such an expansive, complex undertaking, each partner -- from suppliers to manufacturers and beyond -- must communicate and work together to create efficiencies, manage risk and adapt quickly to change. In addition, supply chain sustainability -- which covers environmental, social and legal issues, in addition to sustainable procurement -- and the closely related concept of corporate social responsibility -- which evaluates a company's effect on the environment and social well-being -- are areas of major concern for today's companies.

Comments

Post a Comment

Popular posts from this blog

Hyperlocal Delivery Market

What is a hyperlocal marketplace model and its concept? The hyperlocal marketplace as the name suggests is a market that caters to the needs of a limited geographical area. A walk around your residence would most definitely make you come across a similar market, however big or small but self-sufficient in its own right, fulfilling almost all the requirements of the local residents. The latest buzzword in the e-commerce space is a hyperlocal system. Grocery delivery, ordering food, house care, personal care services, etc. have taken another dimension altogether ever since the popularity of hyperlocal e-commerce platforms rose. Local offline retailers and service providers got a new lease of life for their business ever since the advent and rise of hyperlocal platforms. The concept is new but thanks to the massive internet penetration the world is not new to it anymore. It holds the capacity to exalt the business of offline sellers to entirely new levels. The USP of hyperlocal e-comme...
Post a Comment
Read more

The Role of Engineers in Supply Chain Management and Logistics Industry

In supply chain management, various engineering streams can play different roles depending on the organization and the specific projects they are working on. Here are some of the roles that engineers from different streams can play in supply chain management: 1. Mechanical Engineers: They are involved in the design and development of products, as well as the optimization of production processes. They can also be involved in the selection and implementation of manufacturing equipment and systems. 2. Electrical Engineers: They can be involved in the design and implementation of automation and control systems for supply chain operations. They also play a role in the development of new technologies for supply chain management, such as RFID systems and sensors. 3. IT/Computer Science Engineers: They play a critical role in the development of software and systems for supply chain management, including ERP systems, transportation management systems, and warehouse management systems. 4. ...
Post a Comment
Read more
 Delivery  partners was established in 2020 as one of the foremost divisions of delivery services in India. India’s most admired delivery Services company. Our services help peoples to keep social distance. our delivery boys maintain hygiene while serving People.
Post a Comment
Read more