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 and services.

It involves the planning, sourcing, manufacturing, and delivery of products.
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.
Effective supply chain management can lead to cost savings, improved customer satisfaction, and increased profitability.

Accepted Answer

From Raw MAterial to production and distribution and customer delivery ivolving all the activities is known as supply chain management . now a days technology has made easy transfer of information from customer end to raw material as the information flow is in reverse direction in a supply chain management.

what is supply chain management

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