Definition of Supply Chain Management

The management of supply chains can be described as planning, implementing, and monitoring all aspects of the daily operations of a supply network. Supply chain management encompasses all aspects of supply chain management. It includes the management of raw materials, the processing of finished goods, and distributions. All of this has the goal of providing the best customer service and increasing the company's business. With the increase in complexity of the supply chains, supply chain management is now about coordination and collaboration with all trade partners.

The company's top management committee should manage the supply chain. To ensure maximum efficiency in supply chain management, employees must be willing to follow their directives. The Best Supply Chain Training tactical, strategic, and operational levels are all used to make supply chain management decisions. The strategic level involves long-term decisions, while the tactical level deals with medium-term decisions. Operational level is responsible for short-term operational concerns. These are the problems that supply chain systems are supposed to solve:

· Distributor Network Configuration - Locations and quantities of people involved in the entire supply chain, including customers, suppliers, warehouses, production areas, and distribution centers.

· Distribution strategies: Push and pull strategies, centralized, direct shipment, push and draw strategies, cross docking, and third-party logistics.

· Information: Sharing relevant and important information through the supply chain, including demand signals, forecasting and transportation.

· Inventory management: Location and number of inventories. This includes raw materials and finished goods, as well as work in process.

The flow of supply chain execution is bi-directional. It coordinates the movement of material, information, and finances. These are the key supply chain management processes. These are:

· Customer relations management

· Customer service management

· Management of demand

· Fulfilment

· Management of manufacturing flow

· Management of supplier relationships

· Development and marketing of the product

· Managing returns

The following are key business processes that are part of supply chain management and are essential to the success of the process:

· Customer service management: Companies use steps to create successful customer relationships. These include setting and maintaining mutually satisfying goals, building and maintaining customer relations, and creating and maintaining feelings of positivity between customers and organizations

· Procurement processes

· Product development and commercialization: This involves coordinating with customer relationships management to identify customer needs, selecting suppliers and material and developing production technology that integrates and produces the best supply chain flow.

· Management of manufacturing flow processes

· Physical distribution

· Outsourcing and partnerships

· Measurement of performance in terms of cost, productivity, customer service, asset measurements, quality, and customer service

All of these factors combined have enabled the supply chain management system to establish an integrated supply-demand management system within and between business