Supply chain management is combining two or more stages of the marketing channel under one management.
Supply chain management, which covers all procedures that convert raw materials into finished commodities, is the management of the movement of goods and services. It entails the deliberate simplification of a company's supply-side operations in order to optimize customer value and achieve a competitive edge in the market.
Supply chain management (SCM), which comprises all procedures that convert raw materials into finished commodities, is the central administration of the movement of goods and services.
Companies may reduce unnecessary expenditures and deliver goods to customers more quickly and effectively by optimizing the supply chain.
Effective supply chain management keeps businesses out of the news and away from costly recalls and legal actions.
Developing a strategy, locating raw materials, production, distribution, and marketing are the five Supply chain management components that are most important.
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