What is Supply Chain Management? Definition, Introduction, Process & Examples - AIMS UK

Supply chain management is the systematic and strategic coordination of traditional business functions within an organization and across the businesses within the supply chain. When asking, "What is supply chain management?" it encompasses the planning and management of all activities involved in sourcing, procurement, production, and logistics. A supply chain management definition underscores its role in integrating supply and demand management within and across companies. Understanding the supply chain meaning involves recognizing its goal to streamline and optimize operations, ensuring the right products are delivered to the right place at the right time with minimal cost, all while maintaining high quality and customer satisfaction.

Institute of Supply Chain Management:
Certified Supply & Logistics Professional (CSLP)
Certified Supply Chain Expert (CSCE)
Master Diploma in Supply Chain Management (MDSCM)
Masters in Supply Chain Management
PhD in Supply Chain Management

0:00 Introduction
0:12 What is a Supply Chain?
0:27 Basic Supply Chain for a Product
1:04 A Basic Supply Chain
1:57 Strategies
3:10 Flows in Supply Chains
3:49 Supply Chain Example
4:23 Supply Chain in Manufacturing
5:24 Supply Chain in Services
6:08 Two Types of Supply Chain Management
6:16 Vertical Supply Chain Management
7:02 Horizontal Integration
7:37 Benefits of Vertical Integration
7:51 Benefits of Lateral Integration
8:06 Differences between Vertical and Lateral Integration
8:40 Stages of Supply Chain Management Evolution
9:24 Multiple Dysfunction
9:55 Semi Functional Enterprise
10:26 Integrated Enterprise
10:54 Extended Enterprise
11:21 What is Supply Chain Management?

[OmarAbidOfficial]

The day after tomorrow is my MBA mid term exam of Supply Chain Management (SCM) at Quaid-i-Azam School of Management Sciences (QASMS). I watched this video and already my topics are cleared. Thanks for the upload! 📦

[zeilltesoro]

Supply Chain Management is the management of the flow of goods and services includes all processes that from raw materials into a final product. Supply Chain Management also is a cycle from supplier, producer to customer. As we can see in the market there are supplier, producer and customer. Supplier is the one who supply raw material for a certain product and the producer is the on who produce to customer.

Thank you for uploading this video we learn a lot.

[michaelpisciarino]

0:09 A Global Network
1:03 A Basic Supply Chain: Seller, Producer, Customer
1:55 Strategies: Stable, Reactive, Efficient-Reactive
3:10 Flows in Supply Chains
4:23 Corporate Supply Chain Model
5:23 Supply Chain in Services
6:05 Supply Chain Management: Vertical and Horizontal Integration
7:37 Benefits of Vertical and Horizontal Integration


8:48 Stages of Supply Chain Management Evolution
11:18 What is Supply Chain Management?

[sheenagrasuta]

Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It consists of supplier, producer, and the customer. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.

[robeyorlandez]

Suppy Chain Management we all know in one of the most important aspects of business. Supply Chain Management it is believed that supply chain is one such area in the organization which can provide a lot of complete competitive advantages to a particular organization, supply chain is strategy planning and operations. The best definition I went through ever role of supply chain management is proper integration of demand and supply, In consumer example is you have to spend time looking at now your suppliers are communicating with partners . We want to build a trusting relationship to a partnership where you can both agreed upon basic standards of operations. In supply chain management of the flow of goods and services involved the movement and storage of raw materials of work in-process inventory, on the most basic level the purpose of supply chain management is to make inventory readily available in costumer facing position to fullfill demand .

Thanks for this video:)

[mqureshi]

This video taught me more on Supply Chain than my three years of uni and countless mundane books I have gone through. Thank you!

[jeaxstephanie]

Supply chains solve complex problems. And in the company of supply chain professionals, we use big words and complicated terms to talk about it, but this kind of informations help us to understand more about Supply Chain Management (SCM) from knowing the basic SCM: Seller, producer and customer, Strategies on how to get SCM, Flows in Supply Chain, SCM Corporate Model, Supply Chain inn services, SCM's Vertical and Horizontal Integrations and their benefits, Stages of SCM Evolution. This serves as a good info to everyone who wants to know about more on business stuff.

[lunamemoir]

This video shows the managment of the flow of goods and finances related to a product or service, also, includes the process that transform raw materials into final products. As a student, the video really helps us to understand the Supply Chain Management.
Thank you for uploading this video.😁

[jhajairrabuslon]

Supply Chain Management the management of the flow of goods and services and includes all process that transform raw materials into final product. The basic supply chain for product is a product with one supplier and one customer that connect the four basic flow entities together which is the primary product flow, primary cash flow, information flow and reverse flow. Two types of SCM the vertical integration and horizontal integration. The Benefits of vertical integration is control, no dependency and synchronized, and the horizontal integration is economies of sale and scope, focuses on particular business and know their market well. Stages of Supply Chain Management Evolution. (1) Multiple Dysfunction, (2) Semi-Functional Enterprises, (3) Integrated Enterprises, (4) Extended Enterprises. This video is a very use full and we can learn a lot about the SCM and its operations.

[markuchiha]

I am studying Microsoft Dynamics 365, done reading all the stuff in MB 330 Supply Chain Management Functional Consultant Exam.. Thank you uploader, this video gave me an overview and renewed my insights on what really I am studying about.

[michellevitor]

Supply chain management is the management of a network, used to deliver products and services from raw materials into finished product and cash. It includes the movement and stores of new materials working in process to create a variety of products for the customer. To illustrate the supply chain management, it uses the three (3) entities which is the supplier, producer and customer who receive the final output of raw materials.Without these entities, the process will not going to be easy it needs deep understanding towards the flow of information of a business. Different strategies are being used in this .SCM enables companies to better manage demand, keep cost to minimum and control all flows of information of a business. Thus, the concept of supply chain management runs throughout the supplier, producer and customer back in fourth.

[francisgeneauguis]

In this video we can understand how Supply Chain Management works.
These are the topics: A Global Network,
A Basic Supply Chain: Seller, Producer, Customer,
Strategies: Stable, Reactive, Efficient-Reactive
Flows in Supply Chains,
Corporate Supply Chain Model,
Supply Chain in Services
Supply Chain Management: Vertical and Horizontal Integration
Benefits of Vertical and Horizontal Integration,
Stages of Supply Chain Management Evolution,
What is Supply Chain Management?

So Supply Chain Management (SCM) is the flow of goods from point of origin to point of consumption which means this strategy is efficient in business since it makes the distribution easier. So what makes the flow of SCM? These are Raw materials, producer, distributor, retailer, and customer.

Raw materials: are the materials being used by the seller to produced crafts and goods
Producer: this is the one who are making the products to sell to their valued customers
Distributor: The one who’s delivering the products to a retailer
Retailer: So this is a person/store that sells goods to the public in relatively small quantities for use or consumption rather than for resale
Customer: This is the final flow which means the product has reached into the customer who’s the consumer.

There are three strategies: Reactive, Stable, Efficient Reactive

There are also 4 flows in supply chains: Information Flows, Primary Cash, Primary Product Flow, and Reverse product Flow.

There are also two types of SCM: Vertical Integration and Lateral or Horizontal Integration

In conclusion, indeed Supply Chain Management helps a lot in business area and is so efficient. It also helps the manufacturer reach the product to its customer easily with the help of this strategy.

Please watch the video thoroughly for further explanation and understanding.

Thank you for the wonderful video, I’ve understand well the Supply Chain Management.

[ricotarol]

In this presentation it talks about the supply chain management that uses in the aspect of businesses. It helps us to know what are the possible process in running a business such as the flows of supply. The example of supply chain is wholesale food distributors, producer, and the customer which is the one who will mostly gives benefits to the supplier. And lastly in this video gives us an info more about supply chain management.

Thank you for this video.

[jessasoliva]

Supply Chain Management take much consideration to effectively understand and manage the processes. Even ensuring timely handoff from manufacturer to supplier to shipper to buyer is a massive task, but to do it cost effectively and build net value is truly a challenge. Talking about strategies it makes chain totally well managed. But, the author’s think and learning more on the benefits of the two integration, the value of vertical and horizontal is hard to justify, it almost makes more sense to outsource the well manage efficiency. When learning out of it, author’s state about the stages of supply chain evolution because through it all some companies sheltered from changes so they are less advanced, took some advantage changes and more advanced changes. We the listener understand the topics have been reported because the author represents a well explained presentation. Creating a growing edge between consumer’s expectations and the supply chain is the ability to deliver goods. As a result, supply chain management aids in the end to end process of the business and is indeed a backbone that supports major activities. Good supply chain management keeps companies out of the headlines and away from expensive recalls and the consumer can receive a good high quality product.

[victoremmanueljrgozon]

Based by this video, it informs us more about what is the Supply Chain Management and how it works. This video also tells us that it is very important to know how Supply Chain Management works in order to exceed in business if you are in one or be knowledgeable about the process on how Supply Chain Managements works if you're a customer. Example is from the start of the video from (1:05 - 1:54) it tells us that how supply chain management basically works. From sellers to producers up to consumers. By this part of the video basic consumers already are knowledgeable about this and this helps a lot of people already. By the start of the 2nd minute (2:00) the video tells about different strategies on how to approach on supply chain management, and also tells about the different flow in the supply chain which gives a lot of information which is really useful when you are studying supply chain management. And by (3:52 - 6:05) the video gives more examples on how the supply chain management works step by step. This part of the video helps the viewers understand more on how things are made/produced, and how the process of everything works. this is really helpful because it makes the viewers understood better. The rest of the video shows the two types of supply chain managements (Vertical Integration & Horizontal Integration). The video also tells about the pro's and con's of these two kinds of supply chain management. This video is really helpful and contributes a lot to the society, everything was explained clearly and precise. If the viewer of this video would watch every second of it, then he/she would understand and be knowledgeable about supply chain management. It was all easy to understand thanks to the clear explanations of each topic that was stated.

[jeanjacquesetame]

This video helped me understand what is supply chain management. I learned that supply chain management is the management of goods and services involved directly or indirectly in fulfilling customer requests (needs). I also learned that there are 3 supply chain management (stable, reactive, efficient). Four flows were distinguished in supply chain management: information flow, primary product flow, primary cash flow, and reverse product flow.
Very exciting course.

[johngatyielectronicgatyiel]

This is very powerful lecture on logistics and supply chain, its really reflects the international standard

[may]

When I’ve read the words “Supply chain Management” what came up to my mind is that, it talks about the process of producing and distributing products to the market or how the supply was being made and distributed. What I’ve only knew is that, there are only two entity in supply chain management, the seller and the customer. As long as there is a producer and a customer, it made up the supply chain management. That’s is what I’ve thought before watching this video. This video helped me to deepen my knowledge and understanding about supply chain management. Now I know that there are three (3) basic of supply chain management which are, the seller/supplier, producer, and the customer. In supply chain, I realized that the seller must be first to recognize because without the seller, there would be no goods/products or service to produce, sell to the customer. Supply chain is also like a cycle of product and money as shown in the video how the primary information flow, primary cash flow, primary product flow, as well as the reverse product flow. This enable me to know that there are two types of supply chain management; Vertical Integration and Lateral or Horizontal Integration. Hence, I was able to analyzed which one is better, more essential, effective and excellent. I am very much convinced and impressed how the author presented this topic. He doesn’t just discuss the ideas, rather he very well illustrated it. The pictures helped me to easily understand the points of the author. I have nothing to argue with the author because I’ve learned a lot from it. Overall, I’ve learned that supply chain management is the management of the flow of not just the goods but also services which includes the movements and storage of the raw materials working across to producers to made up a product.
Thank you so much for the very informative and educative explanation of Supply Chain Management.

[marieannsajulga]

We all know that all materials that we've been using now is part of our lives and it is not useful when it's not totally done, and some of foods that we've eat is not edible when there is no having a proper procedure. That's why Supply Chain Management was the management that will help us to meet our expectations and demands. Supply Chain Management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. The author successfully well narrate the topic by describing an extended approach to supply chain management by exploring some of the more prevalent definitions. Supply Chain Management is becoming the next league drive for improving the performance of organizations.

[lorrengalindez]

The Supply Chain Management (SCM), is the management of the flow of goods and services that involves movement and storage of raw materials, of work-in-progress inventory of unfinished goods from point of origin to point of consumption. Although it has the same goals as supply chain engineering, supply chain management is focused on a more traditional management and business based approach, whereas supply chain engineering is focused on a mathematical model based one. In the video I noticed a flaw the author mentioned about. The video is of good quality yet the first sentence was actually misleading because a supply is not a "global network". In recent years, Supply Chain Management has gained greater attention from academics and managers concerned to improve process efficiencies; and take best advantage of information technology and inter-organizational networks and relationships. And this is also one thing the author did not clearly state. But generally, SCM is a great way to acknowledge the importance of business such that it helps creating stronger companies for the world.