What’s Supply Chain Management

Oracle supply chain training

Supply chain management (SCM) is the process of planning, organizing, coordinating, and controlling the production, procurement, maintenance, and distribution of the goods or services involved in a business supply chain. Supply Chain Management integrates logistics, financial and materials management along with forecasting and warehousing activities.

Supply chain management is more than just logistics. It also encompasses software for tracking and managing information about product creation, order fulfillment, and customer service―including the companies that provide these services.

Supply chain management (SCM) encompasses the activities that third-party companies, such as manufacturers and retailers, take in order to remain competitive. SCM includes procurement, product lifecycle management, supply chain planning including inventory planning and maintenance of enterprise assets and production lines, logistics including transportation and fleet management, and order management.

The Future of SCM:

The supply chain of the future will require a responsive, consumer-centric approach. Such an approach is possible only when every node in the network is attuned and flexible to the needs of consumers, as well as capable of managing factors like sourcing, trade policies, and modes of shipment.

Supply chain management has traditionally been a periodic business exercise. Moving forward, it will be continuous. Future SCM systems will also bring tighter alignment between planning and execution—which is not currently the case for most enterprises. In a world where speed and accuracy are increasingly important, it is critical to be equipped with a supply chain management system that is designed for such needs. 

Get in touch with Oracle Nana if you want to become a Supply Chain Management Expert with the best Oracle Supply Chain training online. Learn the visibility, insights, and capabilities needed to create your own intelligent supply chain. Our digital training empowers your team with the skills to execute & manage your applications to optimize the supply chain. Enroll now to get certified!

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