Publisher's Synopsis
A Supply Chain Management (SCM) system involves managing and coordinating all activities associated with goods and information flows from those raw materials sourcing to product delivery and, finally, to the end customers. A SCM system incorporates numerous modules of supply chain planning and execution, e.g., supply chain network configuration, demand planning, manufacturing planning and scheduling, distribution planning, transportation management, inventory and warehouse management, and supply chain event management, etc. This is why more companies are seeing SCM systems as the key to enhance the transparency, sharing, and trust of their supply chains. Traditionally supply chain management has meant factories, assembly lines, warehouses, transportation vehicles, and time sheets. Modern supply chain management is a highly complex, multidimensional problem set with virtually endless number of variables for optimization. An Internet enabled supply chain may have just-in-time delivery, precise inventory visibility, and up-to-the-minute distribution-tracking capabilities. Technology advances have enabled supply chains to become strategic weapons that can help avoid disasters, lower costs, and make money. From internal enterprise processes to external business transactions with suppliers, transporters, channels and end-users marks the wide range of challenges researchers have to handle. In the past, research in operations management focused on single-firm analysis. Its goal was to provide managers in practice with suitable tools to improve the performance of their firm by calculating optimal inventory quantities, among others. Nowadays, business decisions are dominated by the globalization of markets and increased competition among firms. Further, more and more products reach the customer through supply chains that are composed of independent firms. Following these trends, research in operations management has shifted its focus from single-firm analysis to multi-firm analysis, in particular to improving the efficiency and performance of supply chains under decentralized control. The main characteristics of such chains are that the firms in the chain are independent actors who try to optimize their individual objectives, and that the decisions taken by a firm do also affect the performance of the other parties in the supply chain. The book, Supply Chain Management: New Perspectives, is an assortment of studies dedicated to different perspectives of supply chain and supply chain management - economic, environmental, and social - and other aspects related to performance evaluation, optimization, and modelling of and for supply chain management, and thus presents another valuable contribution to sustainable development and sustainable way of life. A review of supply chain planning and management philosophy is provided. A Supply Chain Management (SCM) system involves managing and coordinating all activities associated with goods and information flows from those raw materials sourcing to product delivery and, finally, to the end customers. A SCM system incorporates numerous modules of supply chain planning and execution, e.g., supply chain network configuration, demand planning, manufacturing planning and scheduling, distribution planning, transportation management, inventory and warehouse management, and supply chain event management, etc. This is why more companies are seeing SCM systems as the key to enhance the transparency, sharing, and trust of their supply chains. Traditionally supply chain management has meant factories, assembly lines, warehouses, transportation vehicles, and time sheets. Modern supply chain management is a highly complex, multidimensional problem set with virtually endless number of variables for optimization. An Internet enabled supply chain may have just-in-time delivery, precise inventory visibility, and up-to-the-minute distribution-tracking capabilities. Technology advances have enabled supply chains to become strategic weapons that can help avoid disasters, lower costs, and make money. From internal enterprise processes to external business transactions with suppliers, transporters, channels and end-users marks the wide range of challenges researchers have to handle. In the past, research in operations management focused on single-firm analysis. Its goal was to provide managers in practice with suitable tools to improve the performance of their firm by calculating optimal inventory quantities, among others. Nowadays, business decisions are dominated by the globalization of markets and increased competition among firms. Further, more and more products reach the customer through supply chains that are composed of independent firms. Following these trends, research in operations management has shifted its focus from single-firm analysis to multi-firm analysis, in particular to improving the efficiency and performance of supply chains under decentralized control. The main characteristics of such chains are that the firms in the chain are independent actors who try to optimize their individual objectives, and that the decisions taken by a firm do also affect the performance of the other parties in the supply chain. The book, Supply Chain Management: New Perspectives, is an assortment of studies dedicated to different perspectives of supply chain and supply chain management - economic, environmental, and social - and other aspects related to performance evaluation, optimization, and modelling of and for supply chain management, and thus presents another valuable contribution to sustainable development and sustainable way of life. A review of supply chain planning and management philosophy is provided. A Supply Chain Management (SCM) system involves managing and coordinating all activities associated with goods and information flows from those raw materials sourcing to product delivery and, finally, to the end customers. A SCM system incorporates numerous modules of supply chain planning and execution, e.g., supply chain network configuration, demand planning, manufacturing planning and scheduling, distribution planning, transportation management, inventory and warehouse management, and supply chain event management, etc. This is why more companies are seeing SCM systems as the key to enhance the transparency, sharing, and trust of their supply chains. Traditionally supply chain management has meant factories, assembly lines, warehouses, transportation vehicles, and time sheets. Modern supply chain management is a highly complex, multidimensional problem set with virtually endless number of variables for optimization. An Internet enabled supply chain may have just-in-time delivery, precise inventory visibility, and up-to-the-minute distribution-tracking capabilities. Technology advances have enabled supply chains to become strategic weapons that can help avoid disasters, lower costs, and make money. From internal enterprise processes to external business transactions with suppliers, transporters, channels and end-users marks the wide range of challenges researchers have to handle. In the past, research in operations management focused on single-firm analysis. Its goal was to provide managers in practice with suitable tools to improve the performance of their firm by calculating optimal inventory quantities, among others. Nowadays, business decisions are dominated by the globalization of markets and increased competition among firms. Further, more and more products reach the customer through supply chains that are composed of independent firms. Following these trends, research in operations management has shifted its focus from single-firm analysis to multi-firm analysis, in particular to improving the efficiency and performance of supply chains under decentralized control. The main characteristics of such chains are that the firms in the chain are independent actors who try to optimize their individual objectives, and that the decisions taken by a firm do also affect the performance of the other parties in the supply chain. The book, Supply Chain Management: New Perspectives, is an assortment of studies dedicated to different perspectives of supply chain and supply chain management - economic, environmental, and social - and other aspects related to performance evaluation, optimization, and modelling of and for supply chain management, and thus presents another valuable contribution to sustainable development and sustainable way of life. A review of supply chain planning and management philosophy is provided.
