What is Supply Chain Management: 

Supply Chain Management (SCM) is the process of managing the flow of goods, services, information, and finances from the origin of raw materials to the final delivery of a product to the customer.

Key Elements of SCM:

  1. Planning: Forecasting demand and managing inventory levels.

  2. Sourcing: Selecting suppliers and managing relationships with them.

  3. Manufacturing: Converting raw materials into finished products.

  4. Logistics: Coordinating storage and transportation of goods.

  5. Delivery & Distribution: Ensuring products reach the end user efficiently.

  6. Returns (Reverse Logistics): Managing returned products, recycling, or disposal.

Goals of SCM:

  • Reduce costs

  • Improve product quality and customer satisfaction

  • Ensure timely delivery

  • Maintain efficient and sustainable operations

Think of SCM as everything that happens behind the scenes to get a product from "raw material to retail shelf" — efficiently, cost-effectively, and reliably.

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