Problems addressed by Supply Chain Management

Supply ChainManagement Supply Chain Management (SCM) can beviewed as the means for supply chains toachieve their objectives. In other words SCM isa framework that includes a set of techniquesand methods to management and control theflows of material, information and financials inthe supply chains to deliver value to all partiesstarting from the most upstream supplier all theway down to the most downstream endcustomer.Origin of Supply ChainManagementOver the past century companiestransformedfromverticallyintegrated enterprises to global,focused operations to minimize theircost, make the best use of theircompetenciesandtoimprovequality. This shift created multipleindependentorganizationsstillneeding to be virtually integratedand coordinated for satisfying theultimate end customers demandImportant of SupplyChain Management SCM is important, because manyinefficiencies exit in todays supplychains including supply shortages inthe upstream for the demandedmaterials whereas high inventoriesforun-demandedorobsoleteproductsintheoverallchainconsequently, high stock-outs, lowfill rates and high landed cost for theoverall supply chain. According to the State ofLogistics Report (Wilson andDelaney, 2000), in 2000, the UScompanies spent $1 trillion (10of GNP) on supply-relatedactivities (movement, storage,and control of products acrosssupply chains). Anotherstudyarguesthatcompanies that improve theirsu ...


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