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Supply Chain Management (SCM)
SCM is strategic thinking: Effective SCM improves both efficiency and effectiveness in a strategic context (Quiett, 2002)
Definition: The CIPS (Positions on practice: 8) defines supply chain management (SCM) as "the continuous planning, developing, controlling, informing and monitoring of actions within and between supply chain links so that an integrated supply process results which meets overall strategic goals." Alternatively, SCM is the "process of strategically managing the movement and storage (if necessary) of materials, parts and finished product from supplies, through the manufacturing process and on to customers or end user, as well as the associated information flows"(Yeo and Ning, 2002:256).
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CIPS Intelligence gives you the content you need to succeed in your role and earn CPD hours. With MBA-grade content that’s brief, relevant, practical and easy to use.
The core content of CIPS Intelligence is concepts. A concept is a technique, approach or method used in business, presented in a unique, user friendly format.
CIPS Intelligence covers both procurement and supply management and the wider disciplines that are essential in management, giving you the essentials for success.
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