Supply chain management (SCM) is a crucial process that encompasses the planning and management of all activities involved in sourcing
Supply chain management (SCM) is a crucial process that encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management. It plays a critical role in ensuring that products or services are delivered to customers efficiently and effectively. SCM involves the coordination and collaboration of various stakeholders, including suppliers, manufacturers, distributors, and retailers, to streamline processes and minimize costs while meeting customer demands. Effective SCM can lead to increased profitability, improved customer satisfaction, and a competitive advantage in the market.
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