Fred Raymond Sampson: The Five Main Components of SCM

Award-winning sales professional Fred Ray Sampson has a wide range of strategic and operational management expertise, having managed several corporations and large retail organizations during his career. A recognized expert in leadership and supply chain operations, Fred Ray Sampson has applied his skills and knowledge to security forces, fuel trading, business development, and military training.

Abbreviated as SCM, supply chain management is essential for organizations dealing with complex sourcing, manufacturing, storing, and delivering both products and services. While every organization handles supply chain management slightly differently, there are five fundamental components that are must be developed and improved within an organization.

The planning phase is dedicated to managing resources, developing metrics, and creating strategies for quality monitoring. This is followed by sourcing, whereby an organization selects its suppliers and establishes its pricing, payment, inventory, and supply processes with them. Planning and sourcing are followed by manufacturing, which is monitored every step of the way with quality, productivity, and output assessments. Delivery is the fourth component, also known as logistics. Finally, a returns process must be developed to handle complaints, defects, and excess stock.