1. Supply Chain Management

Supply Chain Management (SCM) involves overseeing the entire process of getting a product from its initial raw materials to the final customer. This includes sourcing materials, manufacturing, transportation, warehousing, and distribution. SCM ensures that each step operates efficiently and effectively, balancing cost, speed, and quality. By coordinating these activities, companies can respond to customer demands better, minimize waste, and improve overall profitability. In essence, SCM aims to streamline operations to deliver products to consumers in the most effective way possible.