Supply Chain Management(SCM) deals with the planning and execution issues involved in managing a
supply chain.
Components of SCM are:
- Demand Planning: (forecasting)
- Demand Collaboration: (collaborative resolution process to determine consensus forecasts)
- Order Promising: (When can one promise a product to a customer taking account lead times and constraints)
- Strategic Network Optimization: (what plants and DC's should serve what markets for what products) (montly - yearly)
- Production and Distribution Planning: (Coordinate the actual production and distribution plans for a whole enterprise) (dayly)
- Production Scheduling: (For a single location create a feasible production schedule)(minute by minute)