Supply Chain Management (SCM) is the design, planning, execution, control, and monitoring of all linear or non linear production, supply and logistics activities. The objective is creating increased value, building competitive/responsive sourcing, leveraging international logistics, synchronizing supply with demand forecast, and improving the performance of international procurement activities.
With M-Wave, demand forecast entails collaborating on the quantity of our supplied products that our customers ultimately will purchase, and to which must be on hand to satisfy their final production requirements. Demand forecasting involves techniques including both informal methods, such as educated guesses, and quantitative methods, such as the use of historical sales data or current data from test markets that entails information technology or sophisticated modeling methods. It must also be stressed that a great deal of burden lies on accurately understanding the dynamics of customer’s production, manufacturing processes and logistics to make these periodic forecast and supply programs work.
A principal term we use is “demand-pull.” M-Wave is empowered to push product to customers as their demand pulls it into their production. Minimum safety stocks are normally required, and turnover requirements are usually part of these stocking programs. The entire issue of SCM and demand forecasting is dependent upon a close collaboration between M-Wave and its customers.
M-Wave has developed its own technology to model and forecast demand and while customers are committed to purchase all products procured by us, we nevertheless provide those and develop the lead times, safety stocks, and supply chain participants needed. In effect, we are outsourced not just product production but much of the ongoing logistics to assure a smooth flow of products where and when they are needed.