Supply Chain is the network which consists of all organizations, activities, individuals, resources, and technologies involved in the construction and retailing of a product. From the delivery of raw materials to the supplier to the company, through its eventual delivery to the end user. The supply chain section is generally concerned with getting the finished items from the manufacturer to the customer. This is known as a distribution channel. In other words, we can say, that Distribution Channels are the chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer.
Supply chain management
Supply chain management (SCM) is the supervision of materials, finances, and information, as they move in a process from contractor to company to wholesaler to retailer to customer. SCM involves coordinating and integrating these flows both within and between companies. It is said that the final goal of any efficient SCM system is to reduce inventory. As a result, software systems with network interfaces are challenging with Web-based application service providers (ASP). ASP assures to offer a part or all of the SCM service for companies who pay their service.
Supply Chain planning
Supply chain planning (SCP) is the part of (SCM) concerned with predicting future requirements to balance supply and demand. SCM can also further categorized into subsequent levels such as planning, execution, and shipping. Supply chain planning and supply chain execution (SCE) both are the two main parts of SCM software. SCP products may contain supply chain modeling, and design, distribution and supply network planning. SCE software applications follow the physical status of goods, the management of materials, and financial information involving all parties.
Financial Supply Chain management
Financial supply chain management (FSCM) consists of a set of software tools and processes which were basically designed for improvising an organization’s manufacturing goods flow through increasing its profitability and also by decreasing its cost. To achieve this goal, FSCM takes benefit of principles that have confirmed effective in SCM for decades. Usually, SCM has comprised the oversight of resources as they create their way from dealer to the manufacturer to wholesaler to retailer to customer. The SCM process divides into three main flows: the product flow, the information flow, and the finances flow.
The FSCM process recognizes and analyzes organized events that impact working capital, expense terms, pricing, and supply. Additional to this, FSCM also takes into account the requirements and behaviors of workers and departments in the organization. As for example, sales trends might be subjective by employee bonuses, arrangement delays, department head changes, or sudden resignations.
Development and design:
With growing globalization and easier admittance to alternative products in today’s markets, the importance of creation design to generating demand is more important than ever. In adding, as supply, and therefore competition, among companies for the restricted market require increases and as pricing and other marketing elements suit less individual factors, product design similarly plays an
unlike role by providing attractive features to create demand. In this context, demand making is used to define how attractive a creation design is in terms of creating demand. In other words, it is the ability of a product's design to produce demand by satisfying customer prospect.