What Are The Steps In Supply Chain Management?

What are the four 4 stages of supply chains?

There are four customary stages in a product’s life cycle: the introductory phase, the growth phase, the maturity phase and the decline phase.

Each phase is markedly different and often requires different value chains.

Supply managers need to craft supply strategies that reflect the unique needs of each phase..

How does supply chain management works?

Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. By managing the supply chain, companies are able to cut excess costs and deliver products to the consumer faster.

What are the types of supply chain?

The 6 Supply Chain ModelsThe continuous flow models.The fast chain models.The efficient chain models.The custom configured model.The agile model.The flexible model.

What are the pillars of supply chain?

The five pillars of supply chain resiliencePillar 1 – Vulnerability.Pillar 2 – Management Culture.Pillar 3 – Procurement.Pillar 4 – Operations.Pillar 5 – Demand & Visibility.

What is the difference between procurement and supply chain?

Procurement is the process of getting the goods your company requires, while supply chain management is the extensive infrastructure needed to get you those goods. Supply chain management should ultimately be considered one of many responsibilities faced by a procurement function.

What are the 5 basic steps of supply chain management?

The 5 essential stages in developing a successful supply chainStage 1: Plan. Planning involves a wide range of activities. … Stage 2: Source. This aspect of supply chain management involves organizing the procurement of raw materials and components. … Stage 3: Make. … Stage 4: Deliver. … Stage 5: Return.

What is the first step in supply chain management?

Supply Chain Management – ProcessPlan. The initial stage of the supply chain process is the planning stage. … Develop(Source) After planning, the next step involves developing or sourcing. … Make. The third step in the supply chain management process is the manufacturing or making of products that were demanded by the customer. … Deliver. … Return.

What is supply chain diagram?

A supply chain is a network of retailers, distributors, transporters, storage facilities, and suppliers who take part in the production, delivery, and sale of a product that convert and move the goods from raw materials to end users, it describes the processes and organisations involved in converting and conveying the …

What are examples of supply chain?

Examples of supply chain activities include farming, refining, design, manufacturing, packaging, and transportation.

What is a supply chain process?

A supply chain involves a series of steps involved to get a product or service to the customer. The steps include moving and transforming raw materials into finished products, transporting those products, and distributing them to the end-user.

What are the duties of supply chain?

Job Description: What Is Supply Chain Management?Plan or strategy.Sourcing of raw materials or services.Manufacturing productivity and efficiency.Delivery and logistics.Return system for defective or unwanted products.