What is Supply Chain Management ? Meaning, Definition, and Example

9 days ago
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Supply Chain Management (SCM) refers to the oversight and management of the entire flow of goods, services, and information from raw materials to final products delivered to consumers.

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What is supply chain management involves coordinating activities across various stages such as sourcing, manufacturing, and distribution. The supply chain management process includes planning, procurement, production, inventory management, and logistics to ensure efficiency and cost-effectiveness.

In short, supply chain management definition is about managing and optimizing every step involved in the creation and delivery of products to meet customer demand efficiently.

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