Supply chain management

Supply Chain Management(SCM) deals with the planning and execution issues involved in managing a supply chain. Components of SCM are:

• Demand Planning: (forecasting)

• Demand Collaboration: (collaborative resolution process to determine consensus forecasts)

• Order Promising: (When can one promise a product to a customer taking account lead times and constraints)

• Strategic Network Optimization: (what plants and DC's should serve what markets for what products) (montly - yearly)

• Production and Distribution Planning: (Coordinate the actual production and distribution plans for a whole enterprise) (dayly)

• Production Scheduling: (For a single location create a feasible production schedule)(minute by minute)

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