SCM overview & introduction

Definition:   SCM is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations and at the right time in order to minimize system wide costs while satisfying service level requirements.

-  SCM takes into consideration every facility and partners in the supply chain.

-  SCM emphasizes "systems approach", i.e. total system wide costs at all           levels of the supply chain.

-  SCM revolves around efficient integration of all partners in the supply chain: suppliers, manufacturers, warehouses and retailers.

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