What is Supply Chain Management (SCM)
Supply Chain Management (SCM), embraces all of the activities related to the flow of products, information and money from the supplier’s supplier to the clients’ customers.

It includes 4 key processes:
Planning, between demand and supply.
Sourcing, plans and alliances with suppliers at minimal delivery costs.
Manufacturing, maximum flexibility and speed at low prices, in response to the market.
Logistics, efficient movement of products to customers.

The supply chain management’s goal is to synchronize the demand, delivery, manufacturing and the sourcing activities with reliable and measurable plans, in such a way that customers will be served at better levels and lower costs.

The most promising product will not work if it is not sourced, manufactured and delivered at the appropriate price, amount, time and quality.

How to know if our supply chains are not synchronized?
Some signs are:
Excessive inventory.
Increasing costs.
Decreasing customer satisfaction.
Lost profits.
Low performance assets.

 
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"The real competition is not between companies or products, but between supply chains models."