SCM stands for Supply Chain Management. It involves the coordination and management of all activities involved in the production and distribution of goods. SCM is the process of planning, implementing, and controlling the flow of goods and services from the point of origin to the point of consumption. It includes activities such as procurement, production, transportation, warehousing, and distribution. SCM aims to optimize the efficiency and effectiveness of the supply chain, ensuring the right products are delivered to the right place at the right time. It involves collaboration and coordination among various stakeholders, including suppliers, manufacturers, distributors, retailers, and customers. Examples of SCM tools and techniques include demand forecasting, inventory management, logistics optimization, and supplier relationship management.

Planet PCI Infotech Interview Questions: What is the scm

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What is the scm

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SCM stands for Supply Chain Management. It involves the coordination and management of all activities involved in the production and distribution of goods.