Supply Chain Management (SCM)

Supply Chain Management (SCM) is the coordination and oversight of all activities involved in producing and delivering a product or service, from raw materials to the final customer. It ensures that the right products are made and available at the right time, in the right place, and at optimal costs. SCM involves sourcing suppliers, manufacturing, inventory management, transportation, and distribution. The goal is to improve efficiency, reduce costs, and enhance customer satisfaction by seamlessly integrating these processes and sharing information among all stakeholders.