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Introduction The Definition of Supply Chain Management (SCM) Hau-Lee,the head of Stanford Supply Chain Forum (1999): SCM deal with the management of materials,information and financial flows in a network consisting of suppliers, manufacturing,distributors,and customer. Simchi-Levi et al.(1999,p1):SCM is a set of approaches utilized to efficiently integrate suppliers,manufactures, warehouses,and stores,so that merchandise is produced and distributed at the right quantities,to the right locations,and at right time,in order to minimize system wide costs while satisfying service level requirements.Introduction The Definition of Supply Chain Management (SCM) • Hau-Lee, the head of Stanford Supply Chain Forum (1999): SCM deal with the management of materials, information and financial flows in a network consisting of suppliers, manufacturing, distributors, and customer. • Simchi-Levi et al.(1999,p1): SCM is a set of approaches utilized to efficiently integrate suppliers, manufactures, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations, and at right time, in order to minimize system wide costs while satisfying service level requirements
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