The definition of supply chain management is: it refers to optimizing the operation of the supply chain and making the supply chain start from procurement to satisfying the end customer at the lowest cost. Management education such as MBA and EMBA will all Enterprise supply chain management included.
Effective supply chain management can help achieve four goals: shorten cash turnover time; reduce the risks faced by the enterprise; achieve profitable growth; and provide predictable income.
Basic requirements for supply chain management:
(1) Maximum sharing of information resources. Information is the main backbone of modern competition. Supply chain management adopts modern scientific and technological methods, uses optimal circulation channels to transmit information quickly and accurately, and achieves maximum sharing of resources among supply chain providers and enterprises.
(2) Improve service quality and expand customer demand. In supply chain management, we all work around the concept of "customer-centric". Most consumers require the shorter the lead time for products and services, the better. For this reason, supply chain management greatly shortens the circulation cycle of products and speeds up logistics distribution through the overall collaboration within and outside the production company and process companies, thus speeding up the logistics distribution. So that customers' personalized needs can be met in the shortest possible time.
(3) Achieve a win-win situation. Supply chain management connects and optimizes the suppliers, distributors, retailers, etc. of the supply chain, so that all related enterprises form an integrated network as a whole. In this network, each enterprise still maintains its individual characteristics. .