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Supply chain management (SCM) is the management of the flow of goods and services, that includes movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.
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SUPPLY CHAIN MANAGEMENT IN INDIA
SUPPLY CHAIN MANAGEMENT Supply chain management is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system wide costs while satisfying service level requirements.
SUPPLY CHAIN MANAGEMENT For an Individual Firm Goods from Vendor Transportation Warehouse Transportation Customer
SUPPLY CHAIN MANAGEMENT The Need
SUPPLY CHAIN MANAGEMENT Objectives Effective Distribution System
SUPPLY CHAIN MANAGEMENT India • ESTIMATES FOR INDIA * Logistics Spend … IN Rs. 2,40,000 crores (approx. US $ 50 Billion) * Share of GDP …….…… 12-13 % * Major Elements are ( Percentage of Total) * Transportation ……… 35 * Inventories ……… 25 * Packaging ……… 11 * Handling & Warehousing ....….. 9 * Others & Losses ……… 14
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