Supply chain management (SCM) and supply chain visibility (SCV) are related but distinct concepts: *Supply Chain Management (SCM)*: - Refers to the coordination and management of activities involved in sourcing, production, and delivery of products or services. - Encompasses planning, execution, and optimization of supply chain operations, including procurement, inventory management, logistics, and distribution. - Aims to increase efficiency, reduce costs, and improve customer satisfaction. *Supply Chain Visibility (SCV)*: - Refers to the ability to track and monitor products, components, or shipments in real-time as they move through the supply chain. - Involves the use of technology, such as IoT sensors, GPS tracking, and data analytics, to provide end-to-end visibility into supply chain operations. - Aims to improve transparency, reduce risks, and enable data-driven decision-making. To illustrate the difference: - SCM is like managing a train network, ensuring trains run on schedule and efficiently. - SCV is like having a real-time tracking system, allowing you to see exactly where each train is, its speed, and any potential delays. While SCM focuses on managing the supply chain, SCV focuses on providing real-time insights into its operations. Ideally, they work together to create a more efficient, transparent, and responsive supply chain.
Not same, SCM is a broader concept that encompasses the overall management of the supply chain. SCO is a specific focus on improving and optimizing the supply chain's performance.
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Supply chain management and supply chain visibility are same sir
Supply chain management (SCM) and supply chain visibility (SCV) are related but distinct concepts:
*Supply Chain Management (SCM)*:
- Refers to the coordination and management of activities involved in sourcing, production, and delivery of products or services.
- Encompasses planning, execution, and optimization of supply chain operations, including procurement, inventory management, logistics, and distribution.
- Aims to increase efficiency, reduce costs, and improve customer satisfaction.
*Supply Chain Visibility (SCV)*:
- Refers to the ability to track and monitor products, components, or shipments in real-time as they move through the supply chain.
- Involves the use of technology, such as IoT sensors, GPS tracking, and data analytics, to provide end-to-end visibility into supply chain operations.
- Aims to improve transparency, reduce risks, and enable data-driven decision-making.
To illustrate the difference:
- SCM is like managing a train network, ensuring trains run on schedule and efficiently.
- SCV is like having a real-time tracking system, allowing you to see exactly where each train is, its speed, and any potential delays.
While SCM focuses on managing the supply chain, SCV focuses on providing real-time insights into its operations. Ideally, they work together to create a more efficient, transparent, and responsive supply chain.
@@kmctheopenbook8541 Tq sir
Sir supply chain management and supply chain optimization are same ?..
Not same, SCM is a broader concept that encompasses the overall management of the supply chain.
SCO is a specific focus on improving and optimizing the supply chain's performance.
@@kmctheopenbook8541 ok sir