Supply Chain Management – a working definition and the background to which CHAS current and future services apply.
"supply chain management" entered the public domain when Keith Oliver, a consultant at Booz Allen Hamilton (now Strategy&), used it in an interview for the Financial Times in 1982. It gained currency in the mid-1990s, when a flurry of articles and books came out on the subject. One of the first to formally define supply chains as encompassing all activities associated with the
flow and transformation of goods from raw materials through to the end user, as well as the
associated information flows. Supply chain management was thus defined as the integration of these activities through improved supply chain relationships to achieve a competitive advantage. In the late 1990s it rose to prominence as a
management buzzword, and operations managers began to use it in their titles with increasing regularity.
Other commonly accepted definitions of supply chain management include:
According to the Council of Supply Chain Management Professionals (CSCMP), supply chain management encompasses the planning and management of all activities involved in
sourcing, procurement, conversion, and logistics management. It also includes coordination and collaboration with channel partners, which may be suppliers, intermediaries, third-party service providers, or customers. Supply chain management integrates
supply and demand management within and across companies. More recently, the loosely coupled, self-organizing network of businesses that cooperate to provide product and service offerings has been called the Extended Enterprise.
supply chain, as opposed to supply chain management,
is a set of organizations directly linked by one or more upstream and downstream flows of products, services, finances, or information from a source to a customer.
Supply chain management is the management of such a chain.
Supply chain management
software includes tools or modules used to execute supply chain transactions,
manage supplier relationships, and control associated business processes.