What is supply chain management?

Question

Accepted Answer

Supply chain management is the coordination and optimization of all activities involved in the production and distribution of goods or services.

It involves the planning, sourcing, manufacturing, and delivery of products or services.
It aims to ensure the right products are available at the right time, in the right quantity, and at the right cost.
It involves managing relationships with suppliers, manufacturers, distributors, and customers.
It includes activities such as inventory management, transportation, warehousing, and demand forecasting.
Efficient supply chain management can lead to cost savings, improved customer satisfaction, and increased profitability.

Accepted Answer

management of the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination.

Accepted Answer

Supply chain management is the management and planning of all supply chain activities that take place in a business. This can include product development, logistics, sourcing and producing."

What is supply chain management?

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