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Functions. Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.
A supply chain, sometimes expressed as a "supply-chain", [1] is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [2] to end consumers [3] or end customers. [4] Meanwhile, supply chain management deals with the flow of goods within the supply chain in the most efficient ...
Supply chain engineering is the engineering discipline that concerns the planning, design, and operation of supply chains. [1] [2] Some of its main areas include logistics, production, and pricing. [2] [3] It involves various areas in mathematical modelling such as operations research, machine learning, and optimization, which are usually ...
Logistics. A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite [1] Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin ...
Management accounting in supply chains (or supply chain controlling, SCC) is part of the supply chain management concept. This necessitates planning, monitoring, management and information about logistics and manufacturing processes throughout the value chain. The goal of management accounting in supply chains is to optimise these processes.
In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. [1] Essentially, global supply chain -management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national.
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