Here’s proof that SCM has become a field that every student must understand. The following is from the Microsoft website called Dynamics of SCM , which promotes their product, called Microsoft Dynamics ERP :
Supply chain management is the supervision of the entire life cycle of a product or service: from its infancy as a raw material or idea, to the manufacture of the product, its distribution, the retailer and, ultimately, the consumer . Each of these stages of the product or service is a link in a chain. Each step is linked to the next, interconnecting to facilitate the creation of a product.
Keeping a holistic view of your supply chain activities is essential for efficiency. You need to be able to examine your business, every inch of it, in real time. To be in control of your supply chain, you need to know what is happening at each stage, at all times.
An enterprise resource planning (ERP) solution will give you the control over your supply chain you need for more efficient people and processes, better costs, happier customers, and higher profits. This automation helps reduce redundant tasks and can increase accuracy, right down to your customer’s receiving dock. That can eliminate bottlenecks, improve ordering processes, and minimize both handling time and overhead.
ERP gives you the ability to find exactly the information you are looking for so you can make smarter decisions faster.
- Simplify critical purchasing and receiving processes.
- Know what your customers want.
- Keep inventory low and still meet demand.
- Tools to make smarter purchasing decisions and negotiate better conditions.
- Help improve customer service and improve customer relationships.