Supply Chain Management is the task of integrating organizational units along a supply chain and coordinating material, information and financial flows in order to fulfil (ultimate) customer demands with the aim of improving the competitiveness of a supply chain as a whole.

What Are the 6 Components of Supply Chain Management?

• Planning – Make vs buy decision to understand whether you will manufacturer or buy domestically or internationally.
  
  
• Sourcing – Identifying, evaluating and building relationships with suppliers that will provide goods and services
  
  
• Demand/Inventory – Managing inventory and manufacturing schedules to meet consumer demand.
  
  
• Production – Ensuring the right volumes and quality of production.
  
  
• Warehouse & Transportation – Storing and delivering the product effectively.
  
  
• Return of Goods – Ensuring an effective returns process for customer satisfaction.
  
  

These six components enable you to provide effective Supply Chain Management.