supply chain management|My homework helper

Posted: March 15th, 2023

supply chain management

 

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Supply chain management (SCM) is the coordination and management of all activities involved in the production, sourcing, transportation, and delivery of goods and services from suppliers to customers. The goal of SCM is to optimize the flow of goods and services, minimize costs, and improve customer satisfaction. The supply chain includes all the entities involved in the production and delivery of goods and services, such as suppliers, manufacturers, distributors, retailers, and logistics providers. SCM involves managing the entire supply chain, including sourcing of raw materials, production planning, inventory management, transportation, and delivery.

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