WelCome to SCMystic.com, a blog aimed towards sharing the valuable insights on emerging supply chain trends and ideas, in this blog you will find comprehensive information about Supply chain management.This blog will provide you with the information and tools to understand how supply chain in various industry works and if you are a supply chain… Continue reading Welcome to SCMystic.com a Supply Chain Blog
SUPPLY CHAIN MANAGEMENT- A Definition
'Supply Chain Management' or SCM as it is commonly known in today's business world is a complex set of strategic activities which interlinks two or more departments to achieve a seamless and cost effective way to establish uninterrupted flow of raw materials or finished goods in any manufacturing or consumer business.The term supply chain management… Continue reading SUPPLY CHAIN MANAGEMENT- A Definition
The ‘4P’ supply chain Model
We have all heard of '4P' theory in marketing also known as the 'Marketing Mix', which point out most import aspect of marketing Viz Product(or Service), Place, Price & Promotion.In Supply chain management '4P' model concept can be effectively applied on the planning front. Thereby 4P model in Supply chain management can… Continue reading The ‘4P’ supply chain Model
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