Which model is used for managing the flow of goods, services, and information?

The supply chain management model is specifically designed to oversee the flow of goods, services, and information throughout the entire supply chain, from the point of origin to the final consumer. This model encompasses various activities, including sourcing raw materials, production, distribution, and logistics, as well as the management of information that supports these processes.

Understanding the supply chain management model is crucial because it emphasizes the importance of coordinating and integrating these activities to minimize costs, maximize efficiency, and create value. This model supports decision-making related to procurement, inventory management, and distribution strategies, which are vital for successfully meeting customer demands and maintaining competitive advantage.

In contrast, the value chain model primarily focuses on the value-adding activities within an organization and their efficiency rather than the overall flow across different organizations. Lean manufacturing emphasizes waste reduction within production processes, aiming to improve efficiency without directly addressing the broader supply chain context. The service delivery model outlines how services are provided, which is distinct from the comprehensive logistics and management of products and information typically covered in supply chain management.