Question

Explain Supply chain management (SCM)? Explain the benefits & challenges of SCM.

Answer 1

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Supply chain management is the managementof the flow of goods and services and includes all processes that transform raw materials into final products.

It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.

Answer 2

Answer:

Supply chain management is the managementof the flow of goods and services and includes all processes that transform raw materials into final products.

It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.