Supply chain management
What is the Supply chain? In effect, a supply chain includes every task involved in planning for, sourcing, producing and delivering a final product of service through every source of the chain. ... The supply chain includes all vendors, service providers, customers and intermediaries.” (26) In An aviation environment, supply chain management is the coordination of all functions and materials necessary to support aircraft and keep them operating safely, efficiently and on schedule. ... (27) Supply chain management is not a simple process. (SCM) is more than just a tool to evaluate the efficiency of a companies supply chain. ... In Affect, the core of supply chain management is to operate at the most efficient way possible. Strategic and execution are two main functions of supply chain management. ... That also includes the locating and partnering with reliable supply sources that are cost effective. The execution side which is effectively using long range supply chain activities. ... (40) In the article Supply chain management review they give four main concepts for supply chain management. ... The fourth concept is Value stress management. Management completes specific activities along the value stream that are required to design, order, and provide a specific product. ... These concepts all focus on reducing friction, eliminating waste, and speed to the supply chain.(52) There are four general types of supply chain uncertainties. These include, process, supply, and demand control. ... Second, is supply uncertainty. ... (54) These uncertainty principles cause the supply chain to lag. There are also four different stages for supply chain maturity.