Supply chain management manages the flow of goods and services, from the procurement of raw materials to the delivery of finished products to customers.
It involves coordinating and managing all production and delivery activities, including planning, sourcing, production, transportation, and distribution.
SCM optimizes operations, reducing costs, increasing efficiency, and improving profitability.
SCM improves customer satisfaction by ensuring the timely delivery of products and services, enhancing loyalty and brand reputation.
SCM manages risk by identifying potential disruptions and developing contingency plans to ensure business continuity and minimize financial impact.
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