Introducing the Basics of Supply Chain Management: A Comprehensive Guide
Introducing the Basics of Supply Chain Management: A Comprehensive Guide Supply chain management (SCM) is the practice of managing and coordinating the activities of a company's suppliers, production processes, distribution networks, and other related parties to ensure that products and services are delivered to customers on time and at the lowest cost. It involves the planning, organizing, and controlling of all the activities associated with the supply chain, from raw materials acquisition to finished goods distribution. What is Supply Chain Management? Supply chain management is the practice of managing and coordinating the activities of a company’s suppliers, production processes, distribution…