Importance Of Supply Chain Management
December 3, 2022 ⚊ 1 Min read ⚊ Views 90 ⚊ BUSINESS
Supply chain management is the control of a product’s whole lifecycle, from acquiring raw materials to manufacturing, shipping, and delivering it to the customer (SCM).
However supply chain management is the integrated planning and execution of processes needed to control the flow of goods, information, and capital investments in activities that broadly include demand planning, product sourcing, production, inventory management and storage, transportation — or logistics — and exchanging overstock or defective goods. Also collaboration, specialist software, and corporate strategy are all necessary for supply chain management to function.
Tags: business
