Supply Chain Management
Supply Chain Management (SCM) is the management of the flow of goods and services, including the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. It involves the coordination and collaboration of various stakeholders, including suppliers, manufacturers, distributors, retailers, and customers, to optimize the overall performance of the supply chain. SCM encompasses a range of activities, such as demand planning, inventory management, transportation management, and order fulfillment, that are supported by data-driven decision-making and advanced analytics. The goal of SCM is to achieve operational efficiency, cost savings, and customer satisfaction by ensuring that the right product is delivered to the right place at the right time.
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