Supply chain management (SCM) is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). Supply chain management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption (supply chain).
Another definition is provided by the APICS Dictionary when it defines SCM as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally."According to the Council of Supply Chain Management Professionals (CSCMP), supply chain management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management. It also includes the crucial components of coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies. More recently, the loosely coupled, self-organizing network of businesses that cooperate to provide product and service offerings has been called the Extended Enterprise.
As we enter the New Year, I can't believe how quickly 2011 went by. Now that we're into January, I think about my personal and professional goals that I'd like to puruse in the New Year. Here's a short list of 10 goals where 5 are personal and 5 are professional.
Here are 5 of my personal goals for 2012:
1. Spend more time doing fun and recreational things my family
2. Strengthen my skills in a second language (Rosetta Stone, here I come!)
3. Get more sleep at night
4. Read more books (since I have the Kindle app running on several mobile devices)
5. Exercise more regularly and use a digital self-tracking device (like the Fitbit)
Here are 5 of my professional goals for 2012:
1. Explore ways to diversify my business pursuits
2. Complete another 1/3 of my MBA courses
3. Gain more experience related to government contracting or sub-contracting
4. Expand my professional network by 20% on LinkedIn and Facebook (are we connected yet?)
5. Travel less for business-related purposes
How about you? What types of goals have you set for the New Year?