Supply Chain Management (SCM)
SCM encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. It also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers.
- In total, supply chain management integrates supply and demand management within and across multiple contributing companies.
- It may be so broad as to include raw materials through distribution and to final customers including conversions, merging of components, logistics, distributive movement to add value, trade regulations and logistics all the way to the ultimate consumer or commercial sale.
- Within it are multiple linked supply chains. M-Wave often is charged with a single or aggregated multiple product components, or assemblies that include sourcing, production, logistics, and value-added services that feed final production of complex electronic or electro-mechanical products.
Supply chain – a system of organizations like M-Wave; its people, technology, value-adding activities, information and resources involved in moving a raw material, component or service from origin through intermediate production to ultimate customers that adds further value and often aggregates that into a finished product.
- Supply chain activities transform physical asset resources, components, planning, oversight and labor into a finished or semi-finished product that is delivered to the final or intermediate customer.
- Supply chains link value chains. As such, MWI is a link between its production partners, intermediate services and ultimate customer most frequently associated with electronics and electro-mechanical production in order for customers to realize competitiveness in the price-to-value quotient.
Listen to Jim Mayer speak about Challenges Facing US Manufacturing Today here
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