What Are The 5 Basic Steps Of Supply Chain Management?

What are the steps of supply chain management?

At their most basic, the key steps in a supply chain include:Original sourcing or extraction of raw materials.Refining or manufacturing materials into basic parts.Assembling basic parts into finished products.Selling finished products to end users.Delivering finished products to end users or consumers..

What are the five process categories of the SCOR model?

SCOR methodology assumes that all supply chain processes can be subdivided into one of five general subtypes: Plan, Source, Make, Deliver, and Return. Complex supply chains are made up of multiple combinations of these basic processes.

What is the first step in supply chain management?

The 5 essential stages in developing a successful supply chainStage 1: Plan. Planning involves a wide range of activities. … Stage 2: Source. This aspect of supply chain management involves organizing the procurement of raw materials and components. … Stage 3: Make. … Stage 4: Deliver. … Stage 5: Return.

What is a supply chain example?

A supply chain is comprised of all the businesses and individual contributors involved in creating a product, from raw materials to finished merchandise. … Examples of supply chain activities include farming, refining, design, manufacturing, packaging, and transportation.

What are the major types of SCM software?

Types of supply chain management software and SCM software vendorsProduct Development.Sales & Operations Planning.Procurement.Production.Logistics.Warehouse Management.

What are the 3 foundations of supply chain?

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost.

What are the five essential drivers of supply chain management?

Consequently, the major supply chain management drivers include transportation, facilities, inventory, information, and purchasing of products and services.

What are the four 4 stages of supply chains?

There are four customary stages in a product’s life cycle: the introductory phase, the growth phase, the maturity phase and the decline phase. Each phase is markedly different and often requires different value chains. Supply managers need to craft supply strategies that reflect the unique needs of each phase.

What is supply chain diagram?

A supply chain is a network of retailers, distributors, transporters, storage facilities, and suppliers who take part in the production, delivery, and sale of a product that convert and move the goods from raw materials to end users, it describes the processes and organisations involved in converting and conveying the …

What is the bullwhip effect in supply chain?

The bullwhip effect is a distribution channel phenomenon in which demand forecasts yield supply chain inefficiencies. … It has been described as “the observed propensity for material orders to be more variable than demand signals and for this variability to increase the further upstream a company is in a supply chain”.