What is supply chain and how does it function? | McKinsey
Aug 17, 2022 · A supply chain includes all the raw materials and parts that are made into a product and distributed up the chain for manufacture and sale. In contrast, a value chain encompasses all the individual steps that are taken to create a marketable product.
Supply Chain Management (SCM): How It Works & Why It's …
Jun 27, 2024 · What Is Supply Chain Management (SCM)? Supply chain management (SCM) is the monitoring and optimization of the production and distribution of a company’s products and services.
The Supply Chain: From Raw Materials to Order Fulfillment
Jun 13, 2024 · A supply chain is a network of entities who create a product and deliver it to its consumer. An effective supply chain results in lower costs and faster production.
The Biggest Factors Affecting Supply Chains in 2022 - Gartner
Jan 27, 2022 · This year will bring unexpected twists and turns that will require continued agility, resilience and adaptability in supply chains. Economic markets and specifically inflation, geopolitical and trade risks, and the changing global health situation will all impact supply chains.
What is Supply Chain Management (SCM)? | Accenture
Supply chain management involves five main functions: engineering, planning, sourcing, fulfillment, manufacturing and aftermarket services. For example, supply chain management helps ensure vaccines are manufactured and delivered safely and on time. It helps retailers maintain adequate stock levels of critical supplies.
Top 10 supply chain risks that companies face - Moody's
Oct 9, 2023 · Supply chains are vulnerable to property damage and business interruption due to natural disasters, but they also present opportunities to meet sustainability targets. Firms need to quantify the financial and operational impact in real time and assess site-specific risks.
What Is Supply Chain Management? | IBM
Apr 17, 2024 · Supply chain management (SCM) is the coordination of a business’ entire production flow, from sourcing raw materials to delivering a finished item. The global supply chain is a complex network of suppliers, manufacturers, distributors, retailers, wholesalers and customers. Effective SCM is about optimizing this network to ensure that ...