CSCMP Definition of Supply Chain Management
Supply Chain Management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all Logistics Management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, Supply Chain Management integrates supply and demand management within and across companies.
Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers’ requirements.
Careers in Supply Chain Management
Supply chain management is essential to remain competitive in the marketplace for manufacturing, retailing, and logistics and distribution firms. Manufacturing companies typically emphasize materials management and sourcing functions. Roles within the retail and merchandising industries tend to emphasize logistics, warehousing, and inventory management. Like retailers, the roles of logistics firms emphasize, logistics, inventory management, and warehousing. Most larger firms offer the entire range of logistics services from transportation and carrier services to warehousing and inventory management.