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 to customers.
It aims to ensure the right products are available at the right time, in the right quantities, and at the right cost.
It involves managing relationships with suppliers, manufacturers, distributors, and customers.
It includes activities such as inventory management, demand forecasting, logistics, and procurement.
Efficient supply chain management can lead to cost savings, improved customer satisfaction, and increased profitability.

Accepted Answer

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

What is supply chain management

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