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What is Supply Chain Management? Definition, Introduction, Process & Examples - AIMS UK

Supply chain management is the systematic and strategic coordination of traditional business functions within an organization and across the businesses within the supply chain. When asking, "What is supply chain management?" it encompasses the planning and management of all activities involved in sourcing, procurement, production, and logistics. A supply chain management definition underscores its role in integrating supply and demand management within and across companies. Understanding the supply chain meaning involves recognizing its goal to streamline and optimize operations, ensuring the right products are delivered to the right place at the right time with minimal cost, all while maintaining high quality and customer satisfaction. Free Lecture on What is Supply Chain Management? and for more lectures: https://aims.education/study-online/w... Institute of Supply Chain Management: https://aims.education/supply-chain-a... Certified Supply & Logistics Professional (CSLP) https://aims.education/logistics-cert... Certified Supply Chain Expert (CSCE) https://aims.education/supply-chain-m... Master Diploma in Supply Chain Management (MDSCM) https://aims.education/supply-chain-m... Masters in Supply Chain Management https://aims.education/mba-supply-cha... PhD in Supply Chain Management https://aims.education/phd-in-supply-... 0:00 Introduction 0:12 What is a Supply Chain? 0:27 Basic Supply Chain for a Product 1:04 A Basic Supply Chain 1:57 Strategies 3:10 Flows in Supply Chains 3:49 Supply Chain Example 4:23 Supply Chain in Manufacturing 5:24 Supply Chain in Services 6:08 Two Types of Supply Chain Management 6:16 Vertical Supply Chain Management 7:02 Horizontal Integration 7:37 Benefits of Vertical Integration 7:51 Benefits of Lateral Integration 8:06 Differences between Vertical and Lateral Integration 8:40 Stages of Supply Chain Management Evolution 9:24 Multiple Dysfunction 9:55 Semi Functional Enterprise 10:26 Integrated Enterprise 10:54 Extended Enterprise 11:21 What is Supply Chain Management?