What Is Supply Chain Management (SCM)? What is the example of supply chain?

What Is Supply Chain Management (SCM)?/ SCM Meaning/ define supply chain management.

Supply chain management involves the management of the flow of goods and services and all the processes that transform raw materials into final products. It involves the active flow of supply-side activities of the business to maximize customer value and gain a competitive advantage in the market.

Represents an effort by SCM suppliers to develop and implement supply chains as efficiently and economically as possible. Supply chains cover all the information from production to product development in the information system needed to manage these initiatives.

             

What is the example of supply chain?

Examples of Supply Chain Management activities include farming, refining, design, manufacturing, packaging, and transportation.

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