Innovating To Optimize Supply Chain Management
Source: University of Texas
As an innovator dedicated to collaboration with the network of vendors and customers, Advanced Micro Devices (AMD) considers the supply chain to be a key component to the success and one of the most important competitive assets. How important? Just one change the way the authors handle the supply chain management, contributed significantly to a 25 percent reduction in the inventory in its first quarter of implementation. Supply Chain Management (SCM) connects a network of vendors and processes to deliver finished products to customers. SCM entails the acquisition, storage and movement of raw materials, inventories of raw and in-process products, and finished goods from their manufacture to their consumption.