Mastering Supply Chain Management Strategies for Success #scm #supplychain #apple #applestore

To the Point with IQ #tothepointwithiq #scm #internationaltrade #supplychainmanagement #applestrategy #apple #scmworking #supplychainprocess
Mastering Supply Chain Management Proven Strategies for Success #scm #supplychain #apple #applestore
Hope all the viewers can understand easily the Basic Mechanism of SCM.

At the most fundamental level, supply chain management (SCM) is management of the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination.

Although many people equate the supply chain with logistics, logistics is actually just one component of the supply chain. Today’s digitally based SCM systems include material handling and software for all parties involved in product or service creation, order fulfillment, and information tracking―such as suppliers, manufacturers, wholesalers, transportation and logistics providers, and retailers.

Supply chain activities span procurement, product lifecycle management, supply chain planning (including inventory planning and the maintenance of enterprise assets and production lines), logistics (including transportation and fleet management), and order management. SCM can also extend to the activities around global trade, such as the management of global suppliers and multinational production processes.

The supply chain of the future is all about responsiveness and the customer experience― understood and managed within a network rather than a linear model. Every node of the network must be attuned and flexible to the needs of the consumer while also being capable of addressing factors such as sourcing, trade policies, modes of shipment, and more.

Apple’s Supply Chain Strategy
Apple’s supply chain is a complex and intricate system responsible for the manufacturing and distribution of its products. It is a global network of suppliers, manufacturers, and distributors who collaborate to ensure that Apple products are delivered to consumers quickly and effectively.

The beginning of Apple’s supply chain is the procurement of basic materials. Apple works with global suppliers to acquire the necessary components to manufacture its products. These components are then transported to Apple’s manufacturing facilities, where they are used to assemble finalized products.

Once products have been assembled, they are sent to Apple’s distribution centers. The products are packaged and dispatched from this location to Apple’s retail stores, its online store, and other retailers. Apple collaborates with third-party logistics providers to ensure timely and efficient delivery of products to customers.

Apple also employs a rigorous quality assurance procedure to ensure that all of its products satisfy the company’s stringent requirements. This includes thorough inspections of the manufacturing process and testing of components and finished products.