Asked by: Patricio Lung
Asked in category: business and finance, logistics
Last Updated: 18th Jun 2024

What is supply chain flow chart?

Flow charts are flow charts that show how supply chain management workflows (or flow charts) can be used to identify the specific steps required to deliver products from one end to another. Many improvements can be made to supply chain management operations in organizations. Workflows and flow charts can help you identify these improvements.

What is supply chain flow, then?

The management of flows is called Supply Chain. In any supply chain, there are five major flows: financial flow, product flow, information flow and value flow. Product flow refers to the movement of goods between a supplier and a customer. It also includes any returns from customers or services needs.

You may also wonder what supply chain means. A supply chain is a link between a company's suppliers and the company itself to produce or distribute a product or service. The supply chain includes vendors, producers, warehouses and transportation companies as well as distribution centers and retailers.

Know the steps involved in SCM.

  • Strategic Planning Process. Strategic Planning Process includes strategic supply chain design, strategic sourcing, and the creation of strategic supply chains.
  • Demand Planning Process.
  • Supply Planning Process.
  • Procurement Process
  • Manufacturing Process.
  • Warehousing Process
  • Order Fulfillment Process.
  • Transport Process

What is a supply chain model example?

Retailers are involved in supply chain management to manage product quality, inventory levels and timing as well as expenses. Supply chain activities can include design, manufacturing, packaging and transportation.