Supply Chain Management (SCM) is the control of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply Chain Management involves coordinating and integrating these flows both within and among companies. The ultimate goal of any effective supply chain mangement system is to reduce inventory(with the assumption that products are avaible when needed).
Sunday, September 27, 2009
Supply Chain Management (SCM) is the control of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply Chain Management involves coordinating and integrating these flows both within and among companies. The ultimate goal of any effective supply chain mangement system is to reduce inventory(with the assumption that products are avaible when needed).
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Control Tower Analytics may be used to predict the most cost-efficient truck route based on historical data of average time to destination. Other data can also be aggregated, such as a companies’ on-time delivery track record and average fuel usage.
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