Business Logistics & SCM

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Supply Chain – A New Concept in India… March 23, 2007

Filed under: Supply Chain Management — TSBL @ 6:35 pm

Article Dated: 03 March 2007

The Concept of Supply Chain in India is a new concept if not unofficially at least officially.

What is supply chain all about and why is it so important in today’s global business activities. Supply Chain refers to the distribution channel of a product, from its sourcing, to its delivery to the end consumer (also known as the value chain). The supply chain is typically comprised of multiple companies who are increasingly coordinating activities via an extranet.

According to Wikipedia the channelization of supply chain is done through supply chain management. The Wikipedia defines “Supply chain management (SCM) is the process of planning, implementing, and controlling the operations of the Supply chain with the purpose to satisfy customer requirements as efficiently as possible. Supply chain management spans all movement and storage of raw material , work-in-process inventory, and finished goods from point-of-origin to point-of-consumption.”

The term supply chain management was first coined by consultant Keith Oliver, of strategy consulting firm Booz Allen Hamilton in 1982. The Booz Allen Hamilton puts forward , “Supply Chain Management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies”

Author: Dr Suvrokamal Dutta. The writer is a renowned Foreign Affairs and Economic Expert.

Source: http://ezinearticles.com/?Supply-Chain,-A-New-Concept-in-India—A-Success-Story-of-the-India-Supply-Chain-Council&id=474920 

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3 Responses to “Supply Chain – A New Concept in India…”

  1. Thank you very much for sharing this describe. Today Supply chain management is important part of global business activities. SCM is the process of planning, implementing, and controlling the operations of the Supply chain with the purpose to satisfy customer requirements.you have described above for a successful supply chain management strategy.

  2. HAFEEZ UR RAHMAN Says:

    A Very good and knowledgeable topic

  3. SKU Tracking Says:

    Very clear information on Supply Chain Management. SCM is the important part of global business. Yes, Supply Chain Management means supply and demand management across the companies.

    Abbas


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