Supply Chain Management (SCM) is the strategic coordination of all activities involved in the production and delivery of goods and services, from raw material sourcing to final customer delivery. It encompasses planning, procurement, manufacturing, logistics, and distribution to ensure that products are delivered efficiently, cost-effectively, and on time. Effective SCM enhances customer satisfaction, reduces operational costs, and provides a competitive advantage by streamlining processes and improving communication across the supply chain. By integrating suppliers, manufacturers, and retailers, SCM helps businesses respond quickly to market demands and disruptions.
Supply Chain Management is the coordination of all processes involved in producing and delivering goods to ensure efficiency, quality, and customer satisfaction.
Supply Chain Management involves overseeing the entire flow of goods from raw materials to the final customer. It aims to optimize efficiency, reduce costs, and improve customer satisfaction by coordinating all supply chain activities.