Integrated supply chain management is an approach to streamline resource planning for businesses where various stakeholders can collaborate to standardize the supply chain operations. Instead of having multiple business systems, the supply chain can be integrated by the collaboration between suppliers, customers, and logistics companies, all centralized to improve the flow of information and resources. The interconnected system with multiple stakeholders helps in resource management and improving the timely flow of goods. By centralizing the supply chain, businesses can integrate various functions, processes, and technologies across the supply chain network to improve efficiency. Let us learn more about it.
What is meant by integrated supply chain management? Integrated Supply Chain Management (ISCM) is a strategically planned process where multiple stakeholders coordinate to establish a standard system wherein the supply chain activities are optimized for greater efficiency. The coordinated management of all activities and operations of a company or business's supply chain helps achieve optimal efficiency, cost-effectiveness, and quick responsiveness to customer needs. In an integrated supply chain, stakeholders adopt a holistic approach that covers the planning, execution, monitoring, and optimization of the flow of goods, information, and finances in the entire supply chain. All activities, starting from suppliers to the customers, are well integrated. The aim of refining and integrating all these aspects of the supply chain with the help of stakeholder companies is to achieve a more agile, cost-effective, and responsive supply chain. It can improve consumer satisfaction, business performance, and company competitiveness. What is the function of an integrated SCM? Integrated supply chain management is primarily used to optimize moving goods, information, and finances across the supply chain, from raw material suppliers to end customers. The various functions of integrated supply chain management are-
Benefits of integrated SCM
These are a few benefits of integrated supply chain management and how it helps optimise business operations globally. LOTUS Containers is a global shipping container service provider specialising in leasing and selling different types of shipping containers.
1 Comment
4/10/2024 11:22:23 pm
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