Supply Chain and Operations Management Assignment - 1

Supply Chain and Operations Management - Assignment ExampleAccording to the AIMS Institute of Supply Chain Management, it is a management of a globose network used to deliver products and services from raw materials to end customers through an engineered flow of information, physical distribution, and cash.Supply Chain Management (SCM) is the management of the relationship between the suppliers supplier and the customers customer through the generate chain participants (Distributor/Wholesaler and Retailer) between them, mainly using information flow and logistics activities to gain Competitive advantage and customer satisfaction.A supply chain, as opposed to supply chain management, is a set of organizations directly linked by one or more upstream and downstream flows of products, services, finances, or information from a source to a customer. Supply chain management is the management of such a chain.7In many cases the supply chain includes the collection of goods by and by consu mer use for recycling. SCM is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer. As organizations strive to focus on core competencies and becoming more flexible, they reduce their ownership of raw materials sources and distribution channels. These functions are increasingly being outsourced to other firms that mickle perform the activities better or more cost effectively.