What is Supply Chain Management?

Question

Accepted Answer

Supply Chain Management is the coordination and management of all activities involved in the production and distribution of goods and services.

It involves the planning, sourcing, manufacturing, and delivery of products to customers.
It aims to optimize the flow of materials, information, and finances across the supply chain.
It includes activities such as inventory management, transportation, warehousing, and demand forecasting.
Effective supply chain management can lead to cost reduction, improved customer satisfaction, and increased profitability.
Example: A company managing its suppliers, production facilities, distribution centers, and transportation networks to ensure timely delivery of products to customers.

Accepted Answer

It s part of complete product process its may be process layout or product layout. In generally product lay out is used to mass manufacturing .in product layout supply chain managment used to reduce traveling time.

What is Supply Chain Management?

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