Success Factors in Supply Chain Management

Essay by jrnc2azUniversity, Master'sA+, October 2014

download word file, 5 pages 0.0



Success Factors in Supply Chain Management


Success Factors in Supply Chain Management



March 2, 2014

Sutap Chatterjee

Success Factors in Supply Chain Management

Supply Chain Management

Supply chain management (SCM) works with the process flow of information as well as products from supply chain organizations. Development in technology facilitates organizations ability to coordinate activities for use of supply chain servicing. The Council of Supply Chain Management Professionals (CSCMP, 2011) defines supply chain management in the following way:

"Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all 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" (p.1).

There are four basic components within the supply chain management that are essential for SCM processes.

First, ensure that to manage resource requirements, a strategy exists which the customers' needs are met for services/products based on their strategic demands. Secondly, the appropriate business supply chain partners, in fact, are the ones that will provide the end product from materials, servicing requirements through payment processes, delivery of goods, pricing, and any other method by which the process will be measured.

Third would ensure that operations is on board for ensuring the schedules take into consideration tasks for packaging, testing, process preparation, and delivery preparations. Lastly, logistics requirements are well thought-out, such as warehousing, orders, return processing, carrier/delivery service, and invoicing.

Supply Chain Management Software Package Comparison

For the SCM software package review, there were three companies in the comparison: SAP Supply Chain, PackManager, and IBS Enterprise. One area of concern was with PackManager whereby once installed technology...