Supply chain management organization chart. Supply chain management aims to create value through financial benefits match the values of its various customers and appeal to social value of its customers stakeholders and community. What is logistics and supply chain management. Workers in the logistics and supply chain management scm field make sure that goods and services get into the hands of consumers.
The concept of supply chain management was in effect long before the term was created in 1982. Supply chain management it is a broader term which refers to the connection right from the suppliers to the ultimate consumer. Logistics typically refers to activities that occur within the boundaries of a single organization and supply chain refers to networks of companies that work together and coordinate their actions to deliver a product to market.
In the colonial era international trade by ship was already making for complicated transportation issues and the need for efficiency. The market for supply chain management software scm maintenance and services posted another year of solid growth generating 8944 billion in 2013 including applications for procurement software. The logistics industry is an important driver of economic growth and development.
Become a plus subscriber and youll get access to all supply chain management review premium content including. In commerce supply chain management scm the management of the flow of goods and services involves the movement and storage of raw materials of work in process inventory and of finished goods from point of origin to point of consumption. Premium access to exclusive online content companion digital editions magazine issues and email newsletters.