Published on

Supply Chain Management (SCM) in detail (hindi) and simple language || E-commerce ||Akant 360

Supply Chain Management (SCM) in Detail (Hindi) and Simple Language || E-commerce || Akant 360

In commerce and science commerce, one of the biggest things that stands out is supply chain management. To comprehend this concept, let's dive into an example that will clarify everything.

Suppose you got wheat bread to eat this evening. If I prefer eating it every day, but today I have a different opinion, what would happen? First of all, we would need to buy wheat. Now, where would we get wheat from? We would buy it from the market, bring it home, and then filter it. Afterwards, when my parents bring it home, they will sift and clean it, and then roll it into bread. After rolling it into bread, they will cook it and then eat it.

But before we brought the wheat from the market, think about the farmer who grew it. The farmer watered and harvested it, then shipped it to the market. After processing, it is made available in the market for us to buy. This process involves multiple steps, making supply chain management a complex yet essential system.

Supply chain management involves managing all processes from purchasing raw materials to delivering the final product to the consumer. This management process is crucial in increasing the customer's value and offering a competitive advantage in the market.

Key Components of Supply Chain Management

  1. Demand Planning: It’s essential to understand what the customer is asking for and what the demand is.
  2. Vertically Integrated Partnership: If something is required that we don’t have, we must partner with those who do.
  3. Procurement: This involves sourcing goods and raw materials.
  4. Inventory Control: Planning and storing goods for future use.
  5. Logistics: Ensuring that items are moved efficiently.
  6. Product Lifecycle Management: Managing the product from creation through to delivery, ensuring that items are sold and used within their expiration dates.
  7. Preference and Pricing: Prioritizing and pricing items appropriately for the market.

Goals of Supply Chain Management

  • High Efficiency: Streamlining processes to maximize output and minimize costs.
  • Quick Output: Ensuring products are produced and delivered swiftly.
  • Business Growth: Enabling business expansion through effective supply chain management.

Participants in Supply Chain

  • Customers: They place orders based on their needs.
  • Suppliers: They provide the raw materials.
  • Manufacturers: Convert raw materials into finished products.
  • Distributors and Retailers: Deliver the products to the customers.

Benefits of Supply Chain Management

  • Higher efficiency
  • Decreased operational costs
  • Increased business volume
  • Streamlined production and delivery processes

Keyword

Keywords: supply chain management, procurement, logistics, inventory control, demand planning, vertically integrated partnership, product lifecycle management, preference and pricing, business growth, efficiency, customer value.

FAQ

FAQ:

  1. What is supply chain management? Supply chain management involves managing the entire process from purchasing raw materials to delivering the final product to the consumer.

  2. Why is demand planning important in SCM? Demand planning helps in understanding what the customer wants and ensures that supply meets demand efficiently.

  3. What is vertical integration in SCM? Vertical integration involves partnering with other entities to ensure all required materials and products are available for the supply chain.

  4. What is the role of logistics in SCM? Logistics ensures the efficient movement and storage of goods.

  5. Why is inventory control crucial in SCM? Inventory control helps in planning and storing goods for future use, ensuring there is no shortage or excess.

  6. What is product lifecycle management? Product lifecycle management involves managing a product from its creation to its end of life, including its recycling.

  7. How does SCM benefit businesses? SCM increases efficiency, reduces costs, and supports business growth by streamlining production and delivery processes.

  8. Who are the main participants in a supply chain? The main participants include customers, suppliers, manufacturers, distributors, and retailers.

Read More