supply chain management

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Supply Chain Management

The act or process of ensuring that one's business has the proper supplies in order to continue operations. Supply management involves ensuring that supplies are procured as cheaply as possible. For example, a construction company must procure cement, wood, and nails efficiently and inexpensively; equally, a consulting firm must make sure that research materials are easily available. Large companies often devote whole divisions to supply chain management, giving them budgets of millions of dollars to help the company save money.

There are two basic types of supply chain management: just in time and just in case. A just in time supply chain management strategy involves keeping only enough inventory to meet immediate business needs. This requires constant monitoring but can save a significant amount money. A just in case strategy, on the other hand, keeps a larger inventory to meet unexpected increases in demand. This saves less money (depending on the nature of the business and matters like carrying costs) but can be easier to manage.

supply chain management

a term used to describe the management of inventory (STOCK), not only within a firm but also along the network of suppliers and customers which constitute the SUPPLY CHAIN or VALUE-ADDED CHAIN. Supply chain management employs a variety of methods such as STOCK CONTROL, MATERIALS REQUIREMENT PLANNING and DISTRIBUTED REQUIREMENT PLANNING to both minimize stock-holding costs while maintaining effective distributed levels of servicing customer orders. See SUPPLIER DEVELOPMENT.
References in periodicals archive ?
22 TCM is a bottlenecked cartridge, and the shoulder starts about where the case of a 9mm ends.
22 TCM FACTORY AMMO PERFORMANCE LOAD [BRAND, BULLET VELOCITY * VELOCITY ** GROUP SIZE * GROUP SIZE ** WEIGHT, TYPE) (FPS) (FPS) (INCHES) (INCHES) Armscor 40 HP 1,982 2,011 1-3/4 1-5/8 (Older Ammo) Armscor 40 HP 2,044 2,061 7/8 1-3/8 (Newer Ammo) NOTE: Chronograph set at 10 feet from the muzzle.
In the inpatient departments of traditional Chinese medicine (TCM) hospitals, western medicine (WM) rather than TCM was mostly applied to treat patients and brought financial support to the hospital as well.
We can find many therapeutic principles of TCM reflecting a belief in holism.
For the TCM program, applicants should submit an updated resume with cover letter and passport size picture, transcript of records, letter of recommendation from a former professor, supervisor or employer, and an essay detailing their purpose for pursuing the course, among other things.
Through careful study of productivity gaps in Traditional Chinese Medicine Clinics (TCM), Bevootech has built SmartZhongYi to enhance productivity for TCM Clinics through web and mobile technologies.
22 TCM marking on the barrel further differentiate the .
Table 6 shows the effect of TCM I and TCM II treatments on nutrient apparent digestibility of beef cattle during the experimental period.
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A base case Feasibility Study was undertaken on TCM South concluding the project was technically and commercially viable
TCM solutions are easy to use and are deployed to meet your needs, providing you with multiple editions to use in different environments.