what are the features of supply chain management?
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['Inventory management - for tracking and managing the availability of raw materials, stocked goods or spare parts. ... ', 'Order management - for automating purchase order processes. ... ', 'Logistics and shipping status - for coordinating transportation channels, improving delivery performance and boosting customer satisfaction.']
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Supply Chain Management is the process of planning and maintaining the movement of materials and products among a number of companies to supply goods and services to final consumers. ... Sometimes, the supply chain moves beyond the end customer to add re-use and recycling of materials.
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Their key goals for supply chain management should be to achieve efficient fulfillment of demand, drive outstanding customer value, enhance organizational responsiveness, build network resiliency, and facilitate financial success.
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The key processes of supply chain management include customer relationship management, supplier relationship management, customer service management, demand management, order fulfillment, manufacturing flow management, product development and commercialization, and returns management.
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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.
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Supply chain management in e-commerce focusses on procurement of raw material, manufacturing, and distribution of the right product at the right time. It includes managing supply and demand, warehousing, inventory tracking, order entry, order management, distribution and delivery to the customer.
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['Suppliers and supply chain management. ... ', 'Warehouse operations. ... ', 'Shipping and returns. ... ', 'Client Relationship Management (CRM) – software and policies. ... ', 'Ecommerce catalogue and product display. ... ', 'Marketing and loyalty programs.']
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There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The Product Flow – The product flow involves the movement of goods from a supplier to a customer. This supply chain management flow also concerns customer returns and service needs.
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['Boosts customer service: Customers expect products to be delivered quickly and on time. ... ', 'Reduces operating costs: Supply chain management allows a business to decrease the cost of purchasing and production.']
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There are four major elements of supply chain management: integration, operations, purchasing and distribution.
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the objective of supply chain management is to structure the supply chain to maximize its competitive advantage and benefits to the ultimate consumer. -the coordination of all supply chain activities, staring with raw materials and ending with a satisfied customer.
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As part of the supply chain, inventory management includes several different aspects such as controlling and overseeing purchases from suppliers and customers, maintaining the storage of stock, controlling the amount of product for sale and order fulfillment.
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A supply chain management (SCM) system manages the flow of products, data, money, and information throughout the entire supply chain, which starts with the suppliers of raw materials, runs through the intermediate tiers of the processing companies, and ends with the distributors and retailers.
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['Customer Power.', 'Long-Term Orientation.', 'Leveraging Technology.', 'Enhanced Communication across Organizations.', 'Inventory Control.', 'Interogranizational Collaboration.']
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['Professionalism. All participants of the supply chain process should exhibit a high standard of professionalism. ... ', 'Personal Integrity. ... ', 'Transparency and accountability. ... ', 'Compliance and continuous improvement.']
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Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. ... SCM represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible.
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['FACILITIES. Where the products of the supply chain are either stored, assembled or fabricated. ... ', 'INVENTORY. All the raw materials, WIP(Work-in-Process) and the FG(Finished Goods) come under inventory. ... ', 'TRANSPORTATION. ... ', 'INFORMATION.']