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What is SCM (Supply Chain Management)

Handbook of Research on Supply Chain Resiliency, Efficiency, and Visibility in the Post-Pandemic Era
Various parties associated with the flow and transformation of material, money, and information among them to fulfill the requirement of any customer for goods or services.
Published in Chapter:
Disruptive Technology-Enabled Circular Economy for Improving the Sustainability of the Supply Chain: A Case of an Emerging Economy
Kali Charan Rath (GIET University, Odisha, India), Kamalakanta Muduli (Papua New Guinea University of Technology, Papua New Guinea), Rashmi Prava Das (CV Raman Global University, Odisha, India), Adimuthu Ramasamy (The Papua New Guinea University of Technology, Papua New Guinea), and Aezeden Mohammed (UNITECH, Papua New Guinea)
DOI: 10.4018/978-1-7998-9506-0.ch017
Abstract
Most industries are faced with the challenges of how the supply chain can be made sustainable with the assistance from digital technology and circular economy (CE). A survey has been carried out to review the involvement of disruptive technology (DT) and CE in certain sections of supply chain system and identify a clear path that need to be routed to best integrate sustainable practices in the industries to make supply chain more sustainable. Some of the major barrier factors identified are funding support, availability, and technological expertise or ‘know how', and management and policy regulation to implement CE and DT in supply chain management (SCM) to make it more sustainable. It also showed some of the adjustments that need to be made especially in developing countries before introducing the practices of sustainable SCM. When scrutinizing the entire process of SCM and its members, it shows that a single component of SCM cannot implement CE in isolation; it requires collective effort from all members of the supply chain, which is facilitated by integration of DT.
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Challenges in Green Intellectual Capital and Knowledge Management in Sustainability and Industry 4.0
SCM is defined as identifying the strategic nature of coordination within a specific organization and across trading partners within the supply chain for the purpose of improving an individual organization’s performance and the performance of the whole supply chain ( Li et al., 2006 ).
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Sustaining SMEs Through Supply Chain Innovation in the COVID-19 Era
The activities related to the management of two-way flow of goods, information, and cash in the supply chain network to achieve maximum possible efficiency in all the processes.
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