Supply Chain Management and Logistic Management

 What is Supply Chain Management and How Does It Work?

Supply Chain Management is the process of creating finished goods from raw ingredients and distributing them to customers (SCM). Customers and business partners gain from SCM because it streamlines supply chain activities.

SCM's major purpose is to make the movement of goods and information more efficient so that enterprises may run more efficiently. Businesses may save money and improve customer satisfaction by decreasing waste and boosting transparency.

Purchasing, manufacturing, warehousing, Supply Chain Management Tools, shipping, and customer service are just a few of the activities covered by SCM. Businesses must carefully organize these processes to guarantee that completed products are delivered on time and at the lowest feasible cost in order to be successful.