Supply Chain Planning (SCP)
Efficient supply chain planning (SCP) is the process of planning and forecasting the movement of a product or service from manufacturer/service provider to customer. SCP includes forecasting potential sales and/or identifying interested parties. It uses detailed logistics data and data analysis to understand the demand for a particular product. Effective SCP includes contingency planning for disasters or extenuating circumstances.
What Small and Midsize Businesses Need to Know About Supply Chain Planning (SCP)
SCP can manage the transfer of information and serve as a delivery plan for a range of services from one company to another, or from an SMB to its clients or customers. SMBs can hire dedicated staff to conduct their SCP or engage a third-party SCP provider.
Related terms
- Procurement
- Bill of Materials (BOM)
- Advanced Driver Assistance Systems (ADAS)
- Smart Factory
- Strategic Sourcing
- Value-Added Reseller (VAR)
- Telematics
- Supply Chain
- Vendor
- Enterprise Resource Planning (ERP)
- Supply Chain Planning (SCP)
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Total Quality Management (TQM)
- Vendor Management
- Senpai
- Radio-frequency Identification (RFID)
- Loopback
- Total Cost of Ownership (TCO)
- Electro Mobility (e-Mobility)
