Today's SCM Phrase

Reverse Auction


A type of auction where suppliers bid to sell products to a buyer (e.g. retailer). As bidding continues, the prices decline (opposite of a regular auction, where buyers are bidding to buy products).




Materials Management


supply chain management , what is supply chain, chain management supply
Supply Chain Management and Materials Management are competitive business edge today. A supply chain is a system of organizations, people, technologies, activities, information and resources involved in moving a product or service from supplier to customer.


In many organizations, materials form the largest single expenditure item, accounting for nearly 50 to 65% of the total expenditure.

With competition growing by the day , cost reduction in business operations and yet making available various products to customers , as per their requirement, come into sharp focus.

Maintaining a flawless supply chain across all its operations thus becomes absolutely necessary for any business.

Importance of supply chain management  need not be over emphasized as it has become the cutting edge of business, after product quality and

manufacturing capabilities of any business firm.

Supply chain activities transform natural resources, raw materials and components into a finished product that is delivered to the end user.

In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable.

Why this site ? ,on Supply Chain Management and Materials Management, has been created and designed as an Online Resource for Supply Chain as well as Materials Management professionals.

It also seeks to provide career counseling to young career aspirants in Supply Chain Management and to those already into Supply Chain Management and Materials Management as professionals.

You can ask for help whenever you want by clicking the 'Contact Us' link. You'll get help on career and course matter.

The site is also quite useful for those associated with providing the Supply Chain services such as Logistics, Warehousing, Inventory management, Procurement etc..

" If through any keyword search or any reference you have stumbled upon this professional and exclusive site on Supply Chain Management and Materials Management, you've landed ,rightly, on a Unique knowledge management site !!
--- Vijay Mathur, CPM, APP, MBA, M.Sc.


How to use this site ?

Use the site as an Online Resource  on Supply Chain Management and Materials Management as :

  1. It contains almost all the topics , in details, expected to be found in SCM and MM

  2. Usage of this site is available to anybody, anywhere , anytime

  3. It also provides Career counseling

  4. It prepares you for various SCM / MM professional Exams

  5. It has tremendous amount of content on SCM and MM

  6. It is indeed a popular site on Supply Chain Management & Materials Management

  7. Site is updated regularly               

Why should you come again to this site ?

Besides regularly updating information, this site provides you answers to your questions on Career , Courses and Topics related to Supply Chain and Materials Management by leading experts having enormous industrial as well as academic credentials. Your questions shall be replied within a day .    Ask questions 


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