3.0(2)

Supply Chain Management Crash Course

In the field of commerce, the term SCM (supply chain management) is referred to as the effective management of the flow of products as well as services from the manufacturing units to the end customers. This process also involves the storage as well as the movement of the desired raw materials, of the work in progress inventory, and of the final goods from the origin point to the end consumption point. The process of effective supply chain management also includes the interlinked or interconnected networks, node businesses and channels which are used for combining the provisions of the given goods & services that might be required by the customers in the given supply chain. The definition and importance of effective supply chain management needs to be understood by the organizations of the world to ensure seamless operations and satisfaction of the end customer at the same time.