What is Supply Chain Management? Quick Definitions…
While Supply Chain Management is a new term (first coined in 1982 by Keith Oliver from Booz Allen Hamilton in an interview with the Financial Times), the concepts are ancient and date back to ancient Rome. The term “logistics” has its roots in the Roman military. Additional definitions:
- Logistics involves… “managing the flow of information, cash and ideas through the coordination of supply chain processes and through the strategic addition of place, period and pattern values” — MIT Center for Transportation and Logistics
- “Supply Chain Management deals with the management of materials, information and financial flows in a network consisting of suppliers, manufacturers, distributors, and customers” ‐ Stanford Supply Chain Forum
- “Call it distribution or logistics or supply chain management. By whatever name it is the sinuous, gritty, and cumbersome process by which companies move materials, parts and products to customers” — Fortune 1994
Originally published at SHAWN HARRIS.