What Does Supply Chain Planning (SCP) Mean?
Supply chain planning (SCP) is a strategy for maintaining a balance between the supply of and the demand for goods and services. There are software tools available for these purposes. SCP is one of the primary elements of supply chain management, the other being supply chain execution.
Techopedia Explains Supply Chain Planning (SCP)
Supply chain planning covers many aspects of a company’s overall supply chain. It includes the use of tools for inventory, sales or production. SCP also includes strategies such as just-in-time inventory, where more precise planning allows for more manageable inventory storage requirements.
