Supply chain management

Supply chain management (SCM) is the coordination and management of activities involved in the sourcing, procurement, conversion, and logistics management of goods, services, and related information. It involves the planning and management of all activities involved in sourcing, procurement, conversion, logistics management, and the coordination of supply chain activities with other functional areas such as sales, marketing, and product design.

Beginner competence definition

Beginner-level individuals understand the basic concepts of supply chain management, such as the importance of managing suppliers, logistics, and inventory to ensure the timely delivery of goods and services to customers.

Intermediate competence definition

Intermediate-level individuals understand the different components of supply chain management, such as procurement, logistics, and inventory management, and are able to apply these concepts to real-world situations. They have knowledge of basic SCM tools and methodologies.

Advanced competence definition

Advanced individuals understand the strategic implications of different supply chain management decisions and can create and execute complex SCM plans that support the overall goals and objectives of the organization. They can identify and implement advanced SCM tools and methodologies such as demand forecasting, logistics optimization, and supplier relationship management.