Explain what is supply chain management?

Question

Accepted Answer

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

Involves planning, sourcing, making, delivering, and returning products
Focuses on efficiency, cost reduction, and customer satisfaction
Utilizes technology and data analytics to improve processes
Examples include inventory management, transportation logistics, and supplier relationships

Accepted Answer

Supply chain management includes all activities that turn raw materials into finished goods and put them into customers' hands. This can include sourcing, design, production, warehousing, shipping, and distribution. The goal of SCM is to improve efficiency, quality, productivity, and customer satisfaction.

Accepted Answer

supply chain management (SCM) is 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.

Explain what is supply chain management?

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