🔗 Supply Chain Management
Definition: Supply chain management (SCM) involves coordinating all activities from sourcing raw materials to delivering the final product to the customer.
- Local supply chains — shorter lead times, easier quality control, lower transport costs
- Global supply chains — lower costs but more complexity and risk
- Key decisions: make or buy, single vs multiple suppliers, local vs global sourcing
- Technology (ERP systems, tracking) helps manage complex supply chains
Apple designs in California but manufactures in China. COVID exposed the risks of relying on distant suppliers.
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