Question

What is supply chain management ? Defination and advantages ?

Answer 1

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In commerce, supply-chain management, the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

SCM is important because it increases competitiveness and customer satisfaction. In this day and age, SCM plays an integral part of a firm's success. Efficiently running supply chains allow firms to quickly deliver products to the end-user for a low cost.

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