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DIFFERENCE IN THE DEFINITIONS OF SCM

Presented on 31-07-2012
By Group

ANSHAL CHATURVEDI-1102024106 KUMAR ANURAG-11020241046 PRATIK CHURY-10020241057 RATNESH AGARWAL-11020241060

SUPPLY CHAIN MANAGEMENT


DEFINITION 1-

"A supply chain consists of organizations involved in management of the flow of products, services, and information. The supply chain includes all the links involved in managing the flow of products, services, and information from their supplier's suppliers to their customer's customers. - Anderson, Britt, and Favre Definition

Definition Focus

Anderson, Britt, and Favre's definition emphasizes the multi-company nature of the supply chain. A supply chain may span from the extraction of raw materials to the production of finished products manufactured from those raw materials. A supply chain may consist of many companies who interact with one another through the flow of products, services, and information while they are involved in the business transactions associated with the buying and selling of goods and services. Supply chains consist of multiple government organizations and commercial companies.

The companies participating in a supply chain may all be independent of one another, or one company may own several parts of the supply chain.
Decisions on how much and which parts of the supply chain to own and how much to leave to the operation of others is an important strategic decision for companies.

Definition 2
"A supply chain consists of all parties involved, directly or indirectly, in fulfilling a customer request. The supply chain not only includes the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves. Within each organization, such as a manufacturer, the supply chain includes all functions involved in receiving and filling a customer request. These functions include, but are not limited to, new product development, marketing, operations, distribution, finance, and customer service."

Definition Focus
The Chopra and Meindl definition is more specific about the types of activities (particularly those internal to the company) and types of organizations involved in the supply chain. Note the explicit inclusion of manufacturing activities. Large portions of individual companies may be part of one or more supply chains due to their involvement in the flow of products, services or information.

Definition 3
"A basic supply chain consists of a company, an immediate supplier, and an immediate customer directly linked by one or more of the upstream and downstream flow of products, services, finances, and information. An ultimate supply chain includes all the companies involved in all the upstream and downstream flow of products, services, finances, and information from the initial supplier to the ultimate customer."

Definition Focus
The Mentzer definition emphasizes the nature of flow within the supply chain as well as the multi-company character of a supply chain. Mentzer includes a supply chain component that was not explicitly stated in the previous definitions: the flow of money or financials.

Similarities & Differentiation

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